Methanex Corp (NASDAQ:MEOH) Receives a Lower Rating From Raymond James. Is it Time to Sell Shares?

January 21, 2018 - By reb123z

 Methanex Corp (NASDAQ:MEOH) Receives a Lower Rating From Raymond James. Is it Time to Sell Shares?

Methanex Corp (NASDAQ:MEOH) Receives a Downgrade

Methanex Corp (NASDAQ:MEOH) shares were lowered by Raymond James to a Hold rating in a research report issued to clients and investors on Tuesday, 31 October.

Methanex Corporation (NASDAQ:MEOH) Ratings Coverage

Among 13 analysts covering Methanex Corporation (NASDAQ:MEOH), 6 have Buy rating, 1 Sell and 6 Hold. Therefore 46% are positive. Methanex Corporation has $72.0 highest and $27 lowest target. $53.55’s average target is -9.62% below currents $59.25 stock price. Methanex Corporation had 68 analyst reports since July 27, 2015 according to SRatingsIntel. The rating was downgraded by TD Securities on Thursday, March 24 to “Hold”. The firm has “Sector Perform” rating by RBC Capital Markets given on Friday, January 27. The company was maintained on Friday, July 28 by Cowen & Co. Raymond James upgraded the stock to “Strong Buy” rating in Tuesday, May 17 report. UBS downgraded Methanex Corporation (NASDAQ:MEOH) on Monday, October 31 to “Sell” rating. RBC Capital Markets maintained Methanex Corporation (NASDAQ:MEOH) on Friday, August 25 with “Hold” rating. The stock of Methanex Corporation (NASDAQ:MEOH) earned “Buy” rating by TD Securities on Friday, July 31. The stock has “Buy” rating by Cowen & Co on Wednesday, January 10. The stock of Methanex Corporation (NASDAQ:MEOH) earned “Outperform” rating by Raymond James on Wednesday, August 19. The stock of Methanex Corporation (NASDAQ:MEOH) earned “Buy” rating by Jefferies on Thursday, August 31.

The stock increased 1.63% or $0.95 during the last trading session, reaching $59.25. About 491,487 shares traded. Methanex Corporation (NASDAQ:MEOH) has risen 45.59% since January 21, 2017 and is uptrending. It has outperformed by 28.89% the S&P500.

Analysts await Methanex Corporation (NASDAQ:MEOH) to report earnings on January, 24. They expect $1.10 EPS, up 292.86 % or $0.82 from last year’s $0.28 per share. MEOH’s profit will be $90.90 million for 13.47 P/E if the $1.10 EPS becomes a reality. After $0.60 actual EPS reported by Methanex Corporation for the previous quarter, Wall Street now forecasts 83.33 % EPS growth.

Methanex Corporation produces and supplies methanol in North America, the Asia Pacific, Europe, and South America. The company has market cap of $4.90 billion. It also purchases methanol produced by others under methanol offtake contracts and on the spot market. It has a 19.16 P/E ratio.

More important recent Methanex Corporation (NASDAQ:MEOH) news were published by: which released: “Surging Earnings Estimates Signal Good News for Methanex Corporation (MEOH)” on January 08, 2018, also published article titled: “Methanex (MEOH) Hits New 52-Week High: What’s Driving It?”, published: “Benzinga’s Top Upgrades, Downgrades For January 8, 2018” on January 08, 2018. More interesting news about Methanex Corporation (NASDAQ:MEOH) was released by: and their article: “Methanex Corporation’s (MEOH) CEO John Floren on Q3 2017 Results – Earnings …” with publication date: October 27, 2017.

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