Methanex Co. (TSE:MX - Get Free Report) NASDAQ: MEOH has received a consensus recommendation of "Buy" from the six research firms that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation, two have issued a buy recommendation and three have assigned a strong buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is C$46.50.
MX has been the topic of a number of research reports. Royal Bank Of Canada upgraded shares of Methanex from a "hold" rating to a "moderate buy" rating in a research report on Friday, August 1st. Raymond James Financial set a C$40.00 price target on shares of Methanex and gave the company an "outperform" rating in a research report on Friday, June 13th. Finally, Scotiabank set a C$53.00 price target on shares of Methanex and gave the stock an "outperform" rating in a research note on Friday, June 13th.
Check Out Our Latest Stock Report on MX
Methanex Stock Performance
MX traded down C$0.11 during trading on Friday, hitting C$46.20. The stock had a trading volume of 97,039 shares, compared to its average volume of 205,630. The firm has a market cap of C$2.20 billion, a PE ratio of 14.52, a P/E/G ratio of 0.44 and a beta of 1.79. Methanex has a 12 month low of C$36.10 and a 12 month high of C$78.18. The company has a current ratio of 1.34, a quick ratio of 1.59 and a debt-to-equity ratio of 148.53. The company has a 50 day simple moving average of C$46.63 and a 200-day simple moving average of C$51.45.
Methanex Cuts Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th will be given a $0.185 dividend. This represents a $0.74 annualized dividend and a yield of 1.6%. Methanex's dividend payout ratio is currently 31.43%.
Insider Transactions at Methanex
In other news, Director Rich Sumner acquired 1,479 shares of the business's stock in a transaction that occurred on Friday, June 20th. The stock was acquired at an average cost of C$50.65 per share, for a total transaction of C$74,907.36. Insiders own 0.35% of the company's stock.
About Methanex
(
Get Free Report)
Methanex Corporation produces and supplies methanol in China, Europe, the United States, South America, South Korea, Canada, and Asia. The company also purchases methanol produced by others under methanol offtake contracts and on the spot market. In addition, it owns and leases storage and terminal facilities.
Further Reading

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