Methanex Corporation Rises A lot Today, Is Now One of The Best Performer

 Methanex Corporation Rises A lot Today, Is Now One of The Best Performer

The stock of Methanex Corporation (TSE:MX) is a huge mover today! About 47,609 shares traded hands. Methanex Corporation (TSE:MX) has risen 8.32% since March 14, 2016 and is uptrending. It has outperformed by 2.78% the S&P500.
The move comes after 9 months positive chart setup for the $4.65B company. It was reported on Oct, 19 by Barchart.com. We have $75.99 PT which if reached, will make TSE:MX worth $2.33B more.

Methanex Corporation (TSE:MX) Ratings Coverage

Out of 3 analysts covering Methanex Corporation (TSE:MX), 2 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 67% are positive. $65 is the highest target while $35 is the lowest. The $39.50 average target is -22.03% below today’s ($50.66) stock price. Methanex Corporation has been the topic of 7 analyst reports since January 22, 2016 according to StockzIntelligence Inc. Scotia Capital maintained the shares of MX in a report on Tuesday, August 30 with “Outperform” rating. RBC Capital Markets maintained it with “Sector Perform” rating and $48.50 target price in Monday, June 6 report. RBC Capital Markets maintained Methanex Corporation (TSE:MX) on Friday, January 22 with “Sector Perform” rating.

More recent Methanex Corporation (TSE:MX) news were published by: Moodys.com which released: “Moody’s changes Methanex’s rating outlook to negative” on February 04, 2016. Also Marketwired.com published the news titled: “Methanex Corporation Appoints Doug Arnell to Its Board of Directors” on September 15, 2016. Fool.ca‘s news article titled: “Methanex Corporation Is Down 30% in 30 Days: Is This the Bottom?” with publication date: February 02, 2016 was also an interesting one.

Methanex Corporation is a producer and supplier of methanol to a range of international markets. The company has a market cap of $4.65 billion. The Firm operates production sites in Canada, Chile, Egypt, New Zealand, the United States, and Trinidad and Tobago. It has a 57.57 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.

MX.TO Company Profile

Methanex Corporation, incorporated on March 5, 1992, is a producer and supplier of methanol to a range of international markets in North America, Asia Pacific, Europe and South America. The Firm operates production sites in Canada, Chile, Egypt, New Zealand, the United States, and Trinidad and Tobago. The Company’s global activities are supported by a global supply chain of terminals, storage facilities and a fleet of methanol ocean tankers. The Company’s global supply chain and distribution network provides its clients with supply of methanol. The Company’s subsidiary, Waterfront Shipping Company Limited, operates its fleet, which is made up of approximately 20 vessels ranging from 3,000 to 50,000 deadweight tons of capacity. It has over three production facilities in New Zealand that supply methanol primarily to clients in Asia Pacific. The Firm operates over two plants in Trinidad, Titan and Atlas, which supply methanol to markets in North America, Europe, Asia Pacific and South America.

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