18.58 % to Target, Jefferies Reiterates ‘”Buy”’ Rating on Methanex Corp (NASDAQ:MEOH) Shares Today

September 17, 2017 - By Vivian Park

 18.58 % to Target, Jefferies Reiterates ‘

Methanex Corp (NASDAQ:MEOH) Rating Reaffirmed

Jefferies now has a $60.0 target on shares of Methanex Corp (NASDAQ:MEOH). The target gives a potential upside of 18.58 % from the last price of Methanex Corp (NASDAQ:MEOH). This rating was revealed in a note on Tuesday, 12 September.

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. Jefferies maintained Methanex Corporation (USA) (NASDAQ:MEOH) on Thursday, August 31 with “Buy” rating. The rating was maintained by Jefferies on Tuesday, June 20 with “Buy”. RBC Capital Markets maintained the stock with “Hold” rating in Monday, May 29 report. As per Tuesday, January 3, the company rating was downgraded by Raymond James. The firm has “Strong Buy” rating given on Tuesday, May 17 by Raymond James. Howard Weil upgraded Methanex Corporation (USA) (NASDAQ:MEOH) on Monday, July 27 to “Outperform” rating. RBC Capital Markets maintained Methanex Corporation (USA) (NASDAQ:MEOH) rating on Tuesday, July 18. RBC Capital Markets has “Hold” rating and $5000 target. The stock has “Hold” rating by TD Securities on Thursday, March 24. Cowen & Co maintained it with “Outperform” rating and $52 target in Wednesday, September 9 report. As per Monday, October 31, the company rating was downgraded by UBS.

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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