Today Jefferies Keeps a Buy Rating on Methanex Corp (NASDAQ:MEOH) and a $60.0 Target Price

September 17, 2017 - By Stephen Andrade

 Today Jefferies Keeps a Buy Rating on Methanex Corp (NASDAQ:MEOH) and a $60.0 Target Price

Methanex Corp (NASDAQ:MEOH) Rating Reaffirmed

New York: In a research report made public on 12 September, Jefferies reconfirmed their Buy rating on Methanex Corp (NASDAQ:MEOH) shares. They now have a $60.0 PT on the company. Jefferies’s target would indicate a potential upside of 18.58 % from the company’s last stock close price.

Methanex Corporation (USA) (NASDAQ:MEOH) Ratings Coverage

Among 12 analysts covering Methanex Corporation (NASDAQ:MEOH), 8 have Buy rating, 1 Sell and 3 Hold. Therefore 67% are positive. Methanex Corporation has $6500 highest and $27 lowest target. $47’s average target is -7.11% below currents $50.6 stock price. Methanex Corporation had 54 analyst reports since July 27, 2015 according to SRatingsIntel. The company was maintained on Wednesday, December 28 by Cowen & Co. RBC Capital Markets maintained the shares of MEOH in report on Monday, May 29 with “Hold” rating. Cowen & Co maintained Methanex Corporation (USA) (NASDAQ:MEOH) on Friday, July 28 with “Buy” rating. The stock of Methanex Corporation (USA) (NASDAQ:MEOH) has “Outperform” rating given on Wednesday, September 9 by Cowen & Co. The stock of Methanex Corporation (USA) (NASDAQ:MEOH) earned “Outperform” rating by Raymond James on Wednesday, March 2. The company was maintained on Tuesday, September 12 by Jefferies. The stock of Methanex Corporation (USA) (NASDAQ:MEOH) has “Outperform” rating given on Friday, February 24 by Raymond James. The stock has “Buy” rating by TD Securities on Friday, July 29. The rating was maintained by Jefferies on Thursday, July 27 with “Buy”. Citigroup downgraded Methanex Corporation (USA) (NASDAQ:MEOH) rating on Monday, March 14. Citigroup has “Hold” rating and $35 target.

The stock decreased 2.03% or $1.05 on September 15, reaching $50.6. About 1.29M shares traded or 96.41% up from the average. Methanex Corporation (USA) (NASDAQ:MEOH) has risen 45.59% since September 17, 2016 and is uptrending. It has outperformed by 28.89% the S&P500.

Analysts expect Methanex Corporation (USA) (NASDAQ:MEOH) to report $0.53 EPS on October, 25.They anticipate $0.65 EPS change or 541.67 % from last quarter’s $-0.12 EPS. MEOH’s profit would be $45.56M giving it 23.87 P/E if the $0.53 EPS is correct. After having $0.85 EPS previously, Methanex Corporation (USA)’s analysts see -37.65 % EPS growth.

Methanex Corp is a Canada-based producer and supplier of methanol to a range of international markets. The company has market cap of $4.35 billion. The Firm operates production sites in Canada, Chile, Egypt, New Zealand, the United States, as well as Trinidad and Tobago. It has a 19.67 P/E ratio. The Company’s global activities are supported by a global supply chain of terminals, storage facilities and a fleet of methanol ocean tankers.

More news for Methanex Corporation (USA) (NASDAQ:MEOH) were recently published by: Nasdaq.com, which released: “Methanex Corporation (MEOH) Ex-Dividend Date Scheduled for September 14, 2017” on September 13, 2017. Globenewswire.com‘s article titled: “Methanex to Webcast Investor Conference on September 15, 2017” and published on September 08, 2017 is yet another important article.

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