Out of 8 analysts covering Methanex Corporation (NASDAQ:MEOH), 5 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 63% are positive. Methanex Corporation has been the topic of 20 analyst reports since September 21, 2015 according to StockzIntelligence Inc. TD Securities upgraded the stock on July 29 to “Buy” rating. Below is a list of Methanex Corporation (USA) (NASDAQ:MEOH) latest ratings and price target changes.
29/07/2016 Broker: TD Securities Old Rating: Hold New Rating: Buy Upgrade
17/05/2016 Broker: Raymond James Old Rating: Outperform New Rating: Strong Buy Upgrade
24/03/2016 Broker: TD Securities Old Rating: Buy New Rating: Hold Downgrade
14/03/2016 Broker: Citigroup Old Rating: Buy New Rating: Hold Old Target: $30.00 New Target: $35.00 Downgrade
The stock decreased 1.81% or $0.55 on September 13, hitting $29.91. About 1.00 million shares traded hands or 32.20% up from the average. Methanex Corporation (USA) (NASDAQ:MEOH) has risen 17.74% since February 8, 2016 and is uptrending. It has outperformed by 1.25% the S&P500.
Methanex Corporation is a producer and supplier of methanol to a range of international markets. The company has a market cap of $2.67 billion. The Firm operates production sites in Canada, Chile, Egypt, New Zealand, the United States, and Trinidad and Tobago. It has a 44.55 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.
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