Methanex (MX) Given New C$42.76 Price Target at Sanford C. Bernstein

Methanex (TSE:MX) (NASDAQ:MEOH) had its price objective trimmed by Sanford C. Bernstein from C$43.86 to C$42.76 in a report published on Thursday morning.

MX has been the subject of several other reports. BMO Capital Markets reiterated an outperform rating and issued a C$72.00 price objective on shares of Methanex in a research report on Monday, April 9th. TD Securities increased their price objective on Methanex to C$85.00 and gave the stock a buy rating in a research report on Tuesday, December 19th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Methanex has a consensus rating of Hold and an average price target of C$69.63.

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Shares of Methanex stock opened at C$83.58 on Thursday. Methanex has a fifty-two week low of C$52.63 and a fifty-two week high of C$85.43.

Methanex (TSE:MX) (NASDAQ:MEOH) last issued its quarterly earnings data on Wednesday, January 31st. The company reported C$2.16 earnings per share for the quarter, topping the consensus estimate of C$1.48 by C$0.68. The company had revenue of C$1.09 billion during the quarter. Methanex had a return on equity of 18.05% and a net margin of 9.86%.

The company also recently declared a quarterly dividend, which was paid on Saturday, March 31st. Shareholders of record on Saturday, March 17th were paid a dividend of $0.406 per share. This represents a $1.62 dividend on an annualized basis and a yield of 1.94%. This is a boost from Methanex’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Thursday, March 15th.

In other Methanex news, Director Wade Wiggins sold 8,100 shares of the company’s stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of C$56.35, for a total transaction of C$456,435.00. Also, Director Vanessa James sold 7,000 shares of the company’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of C$75.01, for a total value of C$525,070.00.

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Methanex Company Profile

Methanex Corp is a Canada-based producer and supplier of methanol to a range of international markets. The Company operates production sites in Canada, Chile, Egypt, New Zealand, the United States, as well as Trinidad and Tobago. Its global operations are supported by a global supply chain of terminals, storage facilities and a fleet of methanol ocean tankers.

Analyst Recommendations for Methanex (TSE:MX)

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