Methanex (NASDAQ:MEOH) (TSE:MX) had its price objective hoisted by stock analysts at TD Securities from $16.50 to $21.00 in a report released on Tuesday, BenzingaRatingsTable reports. The brokerage currently has a “hold” rating on the specialty chemicals company’s stock. TD Securities’ price target indicates a potential upside of 18.11% from the company’s previous close.

MEOH has been the subject of several other research reports. Citigroup reduced their price objective on shares of Methanex from $19.00 to $13.00 and set a “neutral” rating for the company in a research note on Thursday, April 9th. BMO Capital Markets boosted their price objective on shares of Methanex from $20.00 to $25.00 and gave the company an “outperform” rating in a research note on Thursday, May 7th. Tudor Pickering cut shares of Methanex from a “hold” rating to a “sell” rating and reduced their price objective for the company from $18.00 to $17.00 in a research note on Friday, June 19th. Zacks Investment Research cut shares of Methanex from a “hold” rating to a “sell” rating and set a $17.00 price target for the company. in a research note on Thursday, April 30th. Finally, Sanford C. Bernstein raised shares of Methanex from an “underperform” rating to a “market perform” rating in a research note on Tuesday, April 21st. Five equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company. Methanex currently has a consensus rating of “Hold” and a consensus price target of $25.27.

Shares of NASDAQ MEOH traded down $0.35 during midday trading on Tuesday, hitting $17.78. The company’s stock had a trading volume of 3,903 shares, compared to its average volume of 885,351. The stock has a fifty day moving average price of $18.50 and a 200 day moving average price of $24.72. Methanex has a one year low of $9.00 and a one year high of $46.49. The company has a current ratio of 2.27, a quick ratio of 1.83 and a debt-to-equity ratio of 1.68. The firm has a market capitalization of $1.38 billion, a price-to-earnings ratio of 28.33 and a beta of 2.22.

Methanex (NASDAQ:MEOH) (TSE:MX) last issued its quarterly earnings data on Tuesday, May 5th. The specialty chemicals company reported $0.10 EPS for the quarter, beating the consensus estimate of $0.07 by $0.03. The company had revenue of $696.00 million during the quarter, compared to analysts’ expectations of $703.23 million. Methanex had a net margin of 2.59% and a return on equity of 1.39%. Methanex’s revenue for the quarter was down 22.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.73 earnings per share. On average, equities research analysts predict that Methanex will post -2.32 earnings per share for the current fiscal year.

A number of large investors have recently bought and sold shares of MEOH. FMR LLC raised its holdings in Methanex by 42.7% during the 1st quarter. FMR LLC now owns 84,045 shares of the specialty chemicals company’s stock valued at $4,774,000 after buying an additional 25,157 shares during the last quarter. Quadrant Capital Group LLC raised its holdings in Methanex by 9,800.0% during the 4th quarter. Quadrant Capital Group LLC now owns 4,554 shares of the specialty chemicals company’s stock valued at $172,000 after buying an additional 4,508 shares during the last quarter. State Street Corp raised its holdings in Methanex by 19.9% during the 4th quarter. State Street Corp now owns 9,301 shares of the specialty chemicals company’s stock valued at $359,000 after buying an additional 1,546 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in Methanex by 5.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 7,815 shares of the specialty chemicals company’s stock valued at $302,000 after buying an additional 416 shares during the last quarter. Finally, Natixis Advisors L.P. raised its holdings in Methanex by 3.9% during the 4th quarter. Natixis Advisors L.P. now owns 12,740 shares of the specialty chemicals company’s stock valued at $492,000 after buying an additional 479 shares during the last quarter. Institutional investors own 59.46% of the company’s stock.

About Methanex

Methanex Corporation produces and supplies methanol in North America, the Asia Pacific, Europe, and South America. It also purchases 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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Analyst Recommendations for Methanex (NASDAQ:MEOH)

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