Methanex (NASDAQ:MEOH) (TSE:MX) had its target price upped by equities research analysts at Barclays from $16.00 to $18.00 in a research report issued on Wednesday, The Fly reports. The brokerage presently has an "equal weight" rating on the specialty chemicals company's stock. Barclays's price target indicates a potential downside of 0.72% from the stock's current price.
A number of other research analysts have also weighed in on MEOH. Raymond James set a $22.00 price target on shares of Methanex and gave the company a "market perform" rating in a research note on Thursday, May 7th. Sanford C. Bernstein upgraded shares of Methanex from an "underperform" rating to a "market perform" rating in a report on Tuesday, April 21st. UBS Group lowered their target price on shares of Methanex from $25.00 to $8.00 and set a "sell" rating on the stock in a report on Friday, March 13th. Royal Bank of Canada lowered their target price on shares of Methanex from $45.00 to $25.00 and set an "outperform" rating on the stock in a report on Tuesday, March 31st. Finally, ValuEngine upgraded shares of Methanex from a "hold" rating to a "buy" rating in a report on Friday, May 1st. Five analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the company's stock. The stock has an average rating of "Hold" and a consensus target price of $25.40.
Shares of NASDAQ:MEOH opened at $18.13 on Wednesday. Methanex has a one year low of $9.00 and a one year high of $46.49. The company has a 50 day moving average of $18.54 and a 200-day moving average of $24.63. The company has a debt-to-equity ratio of 1.68, a current ratio of 2.27 and a quick ratio of 1.83. The stock has a market cap of $1.38 billion, a price-to-earnings ratio of 28.78 and a beta of 2.22.
Methanex (NASDAQ:MEOH) (TSE:MX) last released its quarterly earnings data on Tuesday, May 5th. The specialty chemicals company reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.03. Methanex had a net margin of 2.59% and a return on equity of 1.39%. The business had revenue of $696.00 million for the quarter, compared to analyst estimates of $703.23 million. During the same quarter last year, the firm earned $0.73 EPS. Methanex's quarterly revenue was down 22.8% compared to the same quarter last year. Equities research analysts anticipate that Methanex will post -2.32 earnings per share for the current year.
Several institutional investors have recently made changes to their positions in the company. Stephenson National Bank & Trust bought a new stake in Methanex during the fourth quarter worth about $57,000. Signaturefd LLC lifted its position in Methanex by 369.8% during the first quarter. Signaturefd LLC now owns 2,565 shares of the specialty chemicals company's stock worth $31,000 after purchasing an additional 2,019 shares during the period. AGF Investments Inc. bought a new stake in Methanex during the first quarter worth about $49,000. Advisor Group Inc. lifted its position in Methanex by 250.4% during the fourth quarter. Advisor Group Inc. now owns 4,313 shares of the specialty chemicals company's stock worth $166,000 after purchasing an additional 3,082 shares during the period. Finally, Quadrant Capital Group LLC lifted its position in Methanex by 9,800.0% during the fourth quarter. Quadrant Capital Group LLC now owns 4,554 shares of the specialty chemicals company's stock worth $172,000 after purchasing an additional 4,508 shares during the period. 59.46% of the stock is owned by institutional investors.
Methanex Corporation produces and supplies methanol in North America, the Asia Pacific, Europe, and South America. It also purchases 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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