Somewhat Positive News Coverage Somewhat Unlikely to Affect Methanex (MEOH) Stock Price
Media headlines about Methanex (NASDAQ:MEOH) (TSE:MX) have been trending somewhat positive this week, according to Accern. Accern rates the sentiment of media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Methanex earned a news impact score of 0.12 on Accern’s scale. Accern also gave press coverage about the specialty chemicals company an impact score of 47.0206424123277 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the news stories that may have impacted Accern Sentiment Analysis’s rankings:
- Methanex Corporation (MEOH) Receives Average Recommendation of “Hold” from Brokerages (americanbankingnews.com)
- Methanex (MEOH) Downgraded by ValuEngine (americanbankingnews.com)
- Methanex (MEOH) PT Raised to $74.00 (americanbankingnews.com)
- Q4 2017 EPS Estimates for Methanex Corporation (MEOH) Lifted by Jefferies Group (americanbankingnews.com)
- Methanex Corporation Expected to Earn FY2017 Earnings of $3.78 Per Share (MEOH) (americanbankingnews.com)
Several analysts have commented on the company. ValuEngine lowered Methanex from a “strong-buy” rating to a “buy” rating in a report on Thursday. Scotiabank raised their price objective on Methanex from $53.50 to $74.00 and gave the company a “sector perform” rating in a report on Thursday. BMO Capital Markets reissued a “buy” rating and issued a $57.00 price objective on shares of Methanex in a report on Friday, November 24th. BidaskClub lowered Methanex from a “sell” rating to a “strong sell” rating in a report on Friday, August 18th. Finally, Royal Bank Of Canada reissued a “hold” rating on shares of Methanex in a report on Wednesday, September 27th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating to the company’s stock. Methanex currently has a consensus rating of “Hold” and a consensus price target of $55.53.
Methanex (NASDAQ:MEOH) (TSE:MX) last issued its quarterly earnings results on Wednesday, October 25th. The specialty chemicals company reported $0.60 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.05. The firm had revenue of $720.00 million for the quarter, compared to analyst estimates of $614.19 million. Methanex had a return on equity of 16.02% and a net margin of 9.81%. The business’s revenue was up 41.2% on a year-over-year basis. During the same period in the previous year, the company posted ($0.01) earnings per share. research analysts predict that Methanex will post 3.72 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Sunday, December 31st. Stockholders of record on Sunday, December 17th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.22%. The ex-dividend date is Thursday, December 14th. Methanex’s dividend payout ratio is presently 39.87%.
Methanex Company Profile
Methanex Corp is a Canada-based 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, as well as 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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