Shares of Methanex Co. (NASDAQ:MEOH) (TSE:MX) have been assigned a consensus recommendation of “Hold” from the eighteen analysts that are presently covering the company, MarketBeat reports. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $56.69.

Several research analysts have commented on the stock. BidaskClub downgraded shares of Methanex from a “buy” rating to a “hold” rating in a research report on Monday, January 15th. Cowen restated an “outperform” rating and set a $69.00 price objective (up from $65.00) on shares of Methanex in a research report on Wednesday, January 10th. CIBC downgraded shares of Methanex from an “outperform” rating to a “neutral” rating in a research report on Tuesday, January 9th. Alembic Global Advisors restated a “buy” rating on shares of Methanex in a research report on Monday, January 8th. Finally, TD Securities downgraded shares of Methanex from a “buy” rating to a “hold” rating and set a $66.00 price objective for the company. in a research report on Monday, January 8th. They noted that the move was a valuation call.

Hedge funds and other institutional investors have recently bought and sold shares of the business. AHL Partners LLP bought a new stake in shares of Methanex during the second quarter worth $300,000. AGF Investments Inc. grew its stake in shares of Methanex by 21.9% during the third quarter. AGF Investments Inc. now owns 499,132 shares of the specialty chemicals company’s stock worth $25,082,000 after buying an additional 89,812 shares during the last quarter. Bank of Nova Scotia grew its stake in shares of Methanex by 43.0% during the second quarter. Bank of Nova Scotia now owns 84,145 shares of the specialty chemicals company’s stock worth $3,715,000 after buying an additional 25,292 shares during the last quarter. Canada Pension Plan Investment Board grew its stake in shares of Methanex by 53.2% during the third quarter. Canada Pension Plan Investment Board now owns 380,459 shares of the specialty chemicals company’s stock worth $19,074,000 after buying an additional 132,101 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Methanex by 37.3% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 62,546 shares of the specialty chemicals company’s stock worth $3,136,000 after buying an additional 17,000 shares during the last quarter. 84.43% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Methanex (NASDAQ MEOH) traded up $0.60 on Friday, reaching $60.05. 616,057 shares of the company’s stock traded hands, compared to its average volume of 650,920. Methanex has a 1-year low of $39.47 and a 1-year high of $64.40. The firm has a market capitalization of $4,990.00, a P/E ratio of 19.56, a P/E/G ratio of 0.81 and a beta of 1.81. The company has a current ratio of 1.59, a quick ratio of 1.17 and a debt-to-equity ratio of 0.83.

Methanex (NASDAQ:MEOH) (TSE:MX) last announced its quarterly earnings data on Wednesday, October 25th. The specialty chemicals company reported $0.60 EPS for the quarter, beating the consensus estimate of $0.55 by $0.05. Methanex had a net margin of 9.81% and a return on equity of 16.02%. The business had revenue of $720.00 million during the quarter, compared to the consensus estimate of $614.19 million. During the same period in the previous year, the business earned ($0.01) earnings per share. The company’s revenue was up 41.2% on a year-over-year basis. equities analysts expect that Methanex will post 3.89 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Sunday, December 31st. Shareholders of record on Sunday, December 17th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, December 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.00%. Methanex’s payout ratio is presently 39.09%.

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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.

Analyst Recommendations for Methanex (NASDAQ:MEOH)

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