-6.94 % to Target, RBC Capital Reconfirms ‘”Hold”’ Rating on Methanex Corp (NASDAQ:MEOH) Shares Today

January 16, 2018 - By Marguerite Chambers

  6.94 % to Target, RBC Capital Reconfirms ‘

Methanex Corp (NASDAQ:MEOH) Rating Reaffirmed

RBC Capital now has a $57.0 TP on the $5.06 billion market cap company or -6.94 % downside potential. In an analyst note revealed to investors and clients on Friday, 27 October, Methanex Corp (NASDAQ:MEOH) shares have had their “Hold” Rating kept by stock analysts at RBC Capital.

Methanex Corporation (NASDAQ:MEOH) Ratings Coverage

Among 13 analysts covering Methanex Corporation (NASDAQ:MEOH), 6 have Buy rating, 1 Sell and 6 Hold. Therefore 46% are positive. Methanex Corporation has $72.0 highest and $27 lowest target. $53.55’s average target is -12.57% below currents $61.25 stock price. Methanex Corporation had 68 analyst reports since July 27, 2015 according to SRatingsIntel. The rating was downgraded by Raymond James on Tuesday, October 31 to “Market Perform”. Cowen & Co maintained it with “Buy” rating and $55.0 target in Friday, September 1 report. The stock of Methanex Corporation (NASDAQ:MEOH) earned “Sector Perform” rating by IBC on Monday, October 24. Citigroup downgraded it to “Hold” rating and $35 target in Monday, March 14 report. RBC Capital Markets maintained the stock with “Hold” rating in Tuesday, September 26 report. On Tuesday, November 24 the stock rating was maintained by Cowen & Co with “Buy”. BMO Capital Markets maintained the stock with “Buy” rating in Friday, November 24 report. Jefferies maintained the stock with “Buy” rating in Friday, August 7 report. Monness Crespi & Hardt downgraded Methanex Corporation (NASDAQ:MEOH) on Tuesday, January 19 to “Neutral” rating. Howard Weil upgraded the shares of MEOH in report on Monday, July 27 to “Outperform” rating.

The stock increased 0.74% or $0.45 during the last trading session, reaching $61.25. About 706,242 shares traded or 23.09% up from the average. Methanex Corporation (NASDAQ:MEOH) has risen 45.59% since January 16, 2017 and is uptrending. It has outperformed by 28.89% the S&P500.

Analysts await Methanex Corporation (NASDAQ:MEOH) to report earnings on January, 24. They expect $1.10 EPS, up 292.86 % or $0.82 from last year’s $0.28 per share. MEOH’s profit will be $90.91M for 13.92 P/E if the $1.10 EPS becomes a reality. After $0.60 actual EPS reported by Methanex Corporation for the previous quarter, Wall Street now forecasts 83.33 % EPS growth.

Methanex Corporation produces and supplies methanol in North America, the Asia Pacific, Europe, and South America. The company has market cap of $5.06 billion. It also purchases methanol produced by others under methanol offtake contracts and on the spot market. It has a 19.8 P/E ratio.

More news for Methanex Corporation (NASDAQ:MEOH) were recently published by: Benzinga.com, which released: “Benzinga’s Top Upgrades, Downgrades For January 8, 2018” on January 08, 2018. Nasdaq.com‘s article titled: “Surging Earnings Estimates Signal Good News for Methanex Corporation (MEOH)” and published on January 08, 2018 is yet another important article.

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