Methanex (MEOH) Getting Somewhat Positive Press Coverage, Analysis Shows
Media coverage about Methanex (NASDAQ:MEOH) (TSE:MX) has been trending somewhat positive recently, Accern Sentiment reports. Accern identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Methanex earned a media sentiment score of 0.15 on Accern’s scale. Accern also gave headlines about the specialty chemicals company an impact score of 45.1826502020635 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
MEOH has been the subject of several research analyst reports. MED reissued a “buy” rating on shares of Methanex in a research note on Monday, August 6th. Citigroup upped their price objective on Methanex from $67.00 to $75.00 and gave the company a “neutral” rating in a research note on Wednesday, July 11th. Royal Bank of Canada upped their price objective on Methanex from $70.00 to $78.00 in a research note on Friday, July 27th. Cowen upped their price objective on Methanex from $75.00 to $80.00 and gave the company an “outperform” rating in a research note on Thursday, June 7th. Finally, Jefferies Financial Group upped their price objective on Methanex from $72.00 to $80.00 and gave the company a “buy” rating in a research note on Friday, June 8th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $73.14.
Methanex stock opened at $75.50 on Wednesday. Methanex has a 1 year low of $45.85 and a 1 year high of $77.10. The company has a market capitalization of $5.91 billion, a PE ratio of 16.03, a PEG ratio of 0.77 and a beta of 1.57. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.62 and a quick ratio of 1.18.
The business also recently announced a quarterly dividend, which will be paid on Sunday, September 30th. Investors of record on Sunday, September 16th will be issued a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 1.75%. The ex-dividend date is Thursday, September 13th. Methanex’s payout ratio is presently 28.03%.
Methanex Corporation produces and sells methanol in North America, the Asia Pacific, Europe, and South America. It also purchases and sells 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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