Methanex Corporation’s Trend Up, Especially After Today’s Strong Session

 Methanex Corporation's Trend Up, Especially After Today's Strong Session

The stock of Methanex Corporation (TSE:MX) is a huge mover today! About 104,947 shares traded hands. Methanex Corporation (TSE:MX) has risen 21.67% since April 15, 2016 and is uptrending. It has outperformed by 17.81% the S&P500.
The move comes after 8 months positive chart setup for the $4.79 billion company. It was reported on Nov, 21 by Barchart.com. We have $84.06 PT which if reached, will make TSE:MX worth $2.78 billion more.

Methanex Corporation (TSE:MX) Ratings Coverage

Out of 3 analysts covering Methanex Corporation (TSE:MX), 1 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 33% are positive. $65 is the highest target while $35 is the lowest. The $41.17 average target is -22.61% below today’s ($53.2) stock price. Methanex Corporation has been the topic of 9 analyst reports since January 22, 2016 according to StockzIntelligence Inc. The firm has “Sector Perform” rating given on Friday, January 22 by RBC Capital Markets. The stock has “Sector Perform” rating given by RBC Capital Markets on Monday, June 6. The firm earned “Hold” rating on Friday, October 28 by TD Securities. The firm earned “Outperform” rating on Tuesday, August 30 by Scotia Capital. RBC Capital Markets maintained Methanex Corporation (TSE:MX) on Thursday, October 27 with “Sector Perform” rating.

More news for Methanex Corporation (TSE:MX) were recently published by: Moodys.com, which released: “Moody’s changes Methanex’s rating outlook to negative” on February 04, 2016. Businesswire.com‘s article titled: “Fitch Affirms Methanex Corp. at ‘BBB-‘; Outlook Stable” and published on November 02, 2016 is yet another important article.

Methanex Corporation is a producer and supplier of methanol to a range of international markets. The company has a market cap of $4.79 billion. The Firm operates production sites in Canada, Chile, Egypt, New Zealand, the United States, and Trinidad and Tobago. It currently has negative earnings. 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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