Methanex (MEOH) – Research Analysts’ Recent Ratings Changes

A number of research firms have changed their ratings and price targets for Methanex (NASDAQ: MEOH):

  • 11/30/2018 – Methanex was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 11/28/2018 – Methanex had its price target lowered by analysts at Royal Bank of Canada from $83.00 to $80.00. They now have a “sector perform” rating on the stock.
  • 11/28/2018 – Methanex had its price target lowered by analysts at Raymond James from $90.00 to $80.00. They now have an “outperform” rating on the stock.
  • 11/28/2018 – Methanex was given a new $71.00 price target on by analysts at Scotiabank. They now have a “buy” rating on the stock.
  • 11/13/2018 – Methanex was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 11/5/2018 – Methanex had its “buy” rating reaffirmed by analysts at Alembic Global Advisors.
  • 11/5/2018 – Methanex had its “buy” rating reaffirmed by analysts at med. They wrote, “We are raising our 2019 EPS estimate for MEOH, which triggers an uptick in our 12-month target price, to USD85 per share from USD80. We expect the company’s free cash flow yield to average 15.5% over the 2018 through 2022 timeframe and for Methanex to cumulatively generate around 77% of its current market capitalization in free cash, highlighting the shares’ attractiveness at current valuation levels. We are reiterating our Overweight rating on Methanex shares and raising our 12-month target price to USD85 from USD80.””
  • 11/1/2018 – Methanex was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 10/31/2018 – Methanex was upgraded by analysts at Scotiabank from a “sector perform” rating to an “outperform” rating.
  • 10/29/2018 – Methanex had its price target lowered by analysts at Citigroup Inc from $84.00 to $72.00. They now have a “hold” rating on the stock.
  • 10/29/2018 – Methanex was upgraded by analysts at Tudor Pickering from a “hold” rating to a “buy” rating. They now have a $84.00 price target on the stock.
  • 10/26/2018 – Methanex was given a new $90.00 price target on by analysts at Raymond James. They now have an “outperform” rating on the stock.
  • 10/26/2018 – Methanex was upgraded by analysts at CIBC from a “neutral” rating to an “outperform” rating.
  • 10/26/2018 – Methanex was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 10/26/2018 – Methanex was upgraded by analysts at TD Securities from a “hold” rating to a “buy” rating. They now have a $77.00 price target on the stock. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 10/25/2018 – Methanex had its “buy” rating reaffirmed by analysts at med. They now have a $80.00 price target on the stock. They wrote, “We rate Methanex shares Overweight, with a 12-month target price of USD80 per share.””
  • 10/25/2018 – Methanex was given a new $80.00 price target on by analysts at Alembic Global Advisors. They now have a “buy” rating on the stock.
  • 10/15/2018 – Methanex was given a new $90.00 price target on by analysts at Raymond James. They now have an “outperform” rating on the stock.
  • 10/15/2018 – Methanex had its price target raised by analysts at Cowen Inc from $80.00 to $89.00. They now have an “outperform” rating on the stock.
  • 10/11/2018 – Methanex was given a new $84.00 price target on by analysts at Citigroup Inc. They now have a “hold” rating on the stock.
  • 10/11/2018 – Methanex was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 10/10/2018 – Methanex was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong-buy” rating. They now have a $92.00 price target on the stock. According to Zacks, “Earnings estimates for Methanex are going up of late. The company has outperformed the industry it belongs to over a year. Methanex should gain from healthy demand fundamentals for methanol. The Louisiana project is also expected to create significant value for shareholders and contribute to cash generation. Moreover, Methanex is committed to boost shareholder returns.  “
  • 10/8/2018 – Methanex is now covered by analysts at Barclays PLC. They set an “equal weight” rating and a $90.00 price target on the stock.
  • 10/6/2018 – Methanex was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.

Shares of Methanex stock opened at $55.44 on Monday. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.70 and a quick ratio of 1.27. The stock has a market capitalization of $4.32 billion, a price-to-earnings ratio of 11.77, a PEG ratio of 0.54 and a beta of 1.62. Methanex Co. has a 52-week low of $51.05 and a 52-week high of $83.23.

Methanex (NASDAQ:MEOH) (TSE:MX) last released its quarterly earnings data on Wednesday, October 24th. The specialty chemicals company reported $1.92 earnings per share for the quarter, missing the consensus estimate of $1.99 by ($0.07). Methanex had a net margin of 12.48% and a return on equity of 34.25%. The company had revenue of $1.04 billion for the quarter. As a group, research analysts predict that Methanex Co. will post 6.88 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 31st. Stockholders of record on Monday, December 17th will be issued a dividend of $0.33 per share. The ex-dividend date of this dividend is Friday, December 14th. This represents a $1.32 annualized dividend and a dividend yield of 2.38%. Methanex’s payout ratio is 28.03%.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. SG Americas Securities LLC purchased a new position in shares of Methanex during the third quarter valued at approximately $181,000. Cerebellum GP LLC purchased a new position in shares of Methanex during the third quarter valued at approximately $188,000. Highstreet Asset Management Inc. purchased a new position in shares of Methanex during the second quarter valued at approximately $183,000. Advisors Preferred LLC raised its holdings in shares of Methanex by 57.8% during the second quarter. Advisors Preferred LLC now owns 2,688 shares of the specialty chemicals company’s stock valued at $190,000 after purchasing an additional 985 shares during the last quarter. Finally, Cumberland Partners Ltd purchased a new position in shares of Methanex during the third quarter valued at approximately $226,000. 74.99% of the stock is owned by hedge funds and other institutional investors.

Methanex Corporation produces and sells methanol in North America, the Asia Pacific, Europe, and South America. It also purchases and sells methanol produced by others under methanol offtake contracts and on the spot market. The company was founded in 1968 and is headquartered in Vancouver, Canada.

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