What’s in Methanex Corporation After Today’s Huge Decline?

 What's in Methanex Corporation After Today's Huge Decline?

The stock of Methanex Corporation (TSE:MX) is a huge mover today! About 42,634 shares traded hands. Methanex Corporation (TSE:MX) has risen 22.80% since April 25, 2016 and is uptrending. It has outperformed by 17.54% the S&P500.
The move comes after 8 months negative chart setup for the $4.92B company. It was reported on Nov, 29 by Barchart.com. We have $51.46 PT which if reached, will make TSE:MX worth $246.00 million less.

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 -24.00% below today’s ($54.17) stock price. Methanex Corporation has been the topic of 9 analyst reports since January 22, 2016 according to StockzIntelligence Inc. The stock of Methanex Corporation (TSE:MX) earned “Sector Perform” rating by RBC Capital Markets on Friday, January 22. RBC Capital Markets maintained the shares of MX in a report on Thursday, October 27 with “Sector Perform” rating. The firm earned “Hold” rating on Friday, October 28 by TD Securities. The company was maintained on Monday, June 6 by RBC Capital Markets. The stock has “Outperform” rating given by Scotia Capital on Tuesday, August 30.

Another recent and important Methanex Corporation (TSE:MX) news was published by Moodys.com which published an article titled: “Moody’s changes Methanex’s rating outlook to negative” on February 04, 2016.

Methanex Corporation is a producer and supplier of methanol to a range of international markets. The company has a market cap of $4.92 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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