Raymond James Financial Weighs in on Methanex Co.’s Q3 2016 Earnings (MX)
Methanex Co. (TSE:MX) – Equities researchers at Raymond James Financial reduced their Q3 2016 EPS estimates for Methanex in a research report issued on Monday. Raymond James Financial analyst S. Hansen now forecasts that the brokerage will post earnings of ($0.21) per share for the quarter, down from their prior forecast of ($0.13). Raymond James Financial also issued estimates for Methanex’s FY2016 earnings at ($0.92) EPS, Q1 2017 earnings at $0.42 EPS, Q2 2017 earnings at $0.18 EPS, Q3 2017 earnings at $0.51 EPS and Q4 2017 earnings at $0.85 EPS.
Other equities analysts have also recently issued reports about the stock. Scotiabank reaffirmed an “outperform” rating and set a C$35.00 price target on shares of Methanex in a research note on Tuesday, August 30th. TD Securities raised their price target on shares of Methanex from C$32.00 to C$35.00 and gave the stock a “buy” rating in a research note on Friday, July 29th.
Shares of Methanex (TSE:MX) traded up 2.60% on Wednesday, reaching $46.18. 90,420 shares of the company were exchanged. The stock has a market capitalization of $4.15 billion and a P/E ratio of 104.72. The stock has a 50 day moving average price of $40.11 and a 200-day moving average price of $40.14. Methanex has a 12 month low of $31.63 and a 12 month high of $58.66.
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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