Raymond James Financial Analysts Cut Earnings Estimates for Methanex Co. (MX)
Methanex Co. (TSE:MX) – Research analysts at Raymond James Financial decreased their Q4 2016 earnings per share estimates for Methanex in a report issued on Monday. Raymond James Financial analyst S. Hansen now anticipates that the firm will post earnings per share of $0.10 for the quarter, down from their previous forecast of $0.13. Raymond James Financial also issued estimates for Methanex’s FY2017 earnings at $1.98 EPS and FY2018 earnings at $2.99 EPS.
A number of other equities research analysts have also recently commented on MX. TD Securities increased their price target on shares of Methanex from C$32.00 to C$35.00 and gave the company a “buy” rating in a report on Friday, July 29th. Scotiabank restated an “outperform” rating and issued a C$35.00 target price on shares of Methanex in a report on Tuesday, August 30th.
Shares of Methanex (TSE:MX) opened at 45.01 on Tuesday. Methanex has a 12-month low of $31.63 and a 12-month high of $58.66. The company has a market cap of $4.04 billion and a PE ratio of 102.06. The company has a 50 day moving average of $40.11 and a 200-day moving average of $40.14.
Methanex Company Profile
Methanex Corporation is a 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, and Trinidad and Tobago. Its global operations are supported by a global supply chain of terminals, storage facilities and a fleet of methanol ocean tankers.
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