Methanex (NASDAQ:MEOH) (TSE:MX)‘s stock had its “buy” rating reaffirmed by investment analysts at Cowen in a note issued to investors on Thursday. They presently have a $65.00 price target on the specialty chemicals company’s stock, up from their previous price target of $58.00. Cowen’s target price indicates a potential upside of 13.54% from the stock’s previous close.

Other analysts have also recently issued reports about the company. ValuEngine cut Methanex from a “strong-buy” rating to a “buy” rating in a research report on Thursday, November 30th. BMO Capital Markets reaffirmed a “buy” rating and issued a $57.00 price objective on shares of Methanex in a research report on Friday, November 24th. Scotiabank raised their price objective on Methanex from $53.50 to $74.00 and gave the company a “sector perform” rating in a research report on Thursday, November 30th. Jefferies Group raised their price objective on Methanex to $60.00 and gave the company a “buy” rating in a research report on Tuesday, September 12th. Finally, Royal Bank of Canada reaffirmed a “hold” rating on shares of Methanex in a research report on Wednesday, September 27th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the company. Methanex presently has an average rating of “Hold” and an average price target of $56.00.

Methanex (NASDAQ MEOH) opened at $57.25 on Thursday. The company has a current ratio of 1.59, a quick ratio of 1.17 and a debt-to-equity ratio of 0.83. The firm has a market capitalization of $4,692.02, a PE ratio of 16.99, a PEG ratio of 1.00 and a beta of 1.82. Methanex has a 52-week low of $39.47 and a 52-week high of $58.25.

Methanex (NASDAQ:MEOH) (TSE:MX) last issued its quarterly earnings results on Wednesday, October 25th. The specialty chemicals company reported $0.60 EPS for the quarter, beating the consensus estimate of $0.55 by $0.05. Methanex had a return on equity of 16.02% and a net margin of 9.81%. The firm had revenue of $720.00 million during the quarter, compared to analysts’ expectations of $614.19 million. During the same period in the prior year, the firm posted ($0.01) earnings per share. The business’s quarterly revenue was up 41.2% compared to the same quarter last year. research analysts anticipate that Methanex will post 3.72 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently modified their holdings of the company. Guardian Capital Advisors LP increased its stake in shares of Methanex by 43.0% in the 3rd quarter. Guardian Capital Advisors LP now owns 7,455 shares of the specialty chemicals company’s stock valued at $475,000 after purchasing an additional 2,240 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new stake in shares of Methanex during the 3rd quarter valued at $704,000. Jane Street Group LLC boosted its holdings in shares of Methanex by 99.8% during the 3rd quarter. Jane Street Group LLC now owns 23,504 shares of the specialty chemicals company’s stock valued at $1,183,000 after acquiring an additional 11,740 shares in the last quarter. Magnetar Financial LLC acquired a new stake in shares of Methanex during the 3rd quarter valued at $801,000. Finally, AMP Capital Investors Ltd boosted its holdings in shares of Methanex by 55.3% during the 3rd quarter. AMP Capital Investors Ltd now owns 160,649 shares of the specialty chemicals company’s stock valued at $8,055,000 after acquiring an additional 57,177 shares in the last quarter. Institutional investors own 83.13% of the company’s stock.

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About Methanex

Methanex Corp is a Canada-based producer and supplier of methanol to a range of international markets. The Company operates production sites in Canada, Chile, Egypt, New Zealand, the United States, as well as Trinidad and Tobago. Its global operations are supported by a global supply chain of terminals, storage facilities and a fleet of methanol ocean tankers.

Analyst Recommendations for Methanex (NASDAQ:MEOH)

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