Analysts’ Weekly Ratings Updates for Methanex (MEOH)

A number of firms have modified their ratings and price targets on shares of Methanex (NASDAQ: MEOH) recently:

  • 2/13/2019 – Methanex was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 2/11/2019 – Methanex was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Methanex’s profits increased year over year in fourth-quarter 2018. However, adjusted earnings missed the Zacks Consensus Estimate. Methanex is exposed to a volatile methanol pricing environment. Lower expected methanol prices are likely to weigh on its margins in first-quarter 2019. Moreover, it continues to face headwinds due to curtailment of gas supply. Production outages are also affecting its operations.”
  • 2/6/2019 – Methanex was downgraded by analysts at Cowen Inc from an “outperform” rating to a “market perform” rating. They now have a $62.00 price target on the stock, down previously from $74.00.
  • 2/1/2019 – Methanex was downgraded by analysts at Tudor Pickering from a “buy” rating to a “hold” rating.
  • 1/30/2019 – Methanex had its price target lowered by analysts at TD Securities from $77.00 to $70.00. They now have a “buy” rating on the stock.
  • 1/28/2019 – Methanex had its “outperform” rating reaffirmed by analysts at Raymond James. They now have a $80.00 price target on the stock.
  • 1/19/2019 – Methanex was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 1/12/2019 – Methanex was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 1/5/2019 – Methanex was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 1/4/2019 – Methanex had its “buy” rating reaffirmed by analysts at Monness Crespi & Hardt. They now have a $77.00 price target on the stock, down previously from $80.00.
  • 1/2/2019 – Methanex was upgraded by analysts at ValuEngine from a “strong sell” rating to a “sell” rating.
  • 12/31/2018 – Methanex had its “sell” rating reaffirmed by analysts at Zacks Investment Research. According to Zacks, “Earnings estimates for Methanex for the fourth quarter and full-year 2018 have been going down lately. The company is exposed to a volatile methanol pricing environment. It is likely to experience some volatility in methanol prices in the near-term due to new capacity ramps in the United States along with industry trade flows regulations. Moreover, it continues to face headwinds due to curtailment of gas supply. Production outages are also affecting its operations.”
  • 12/31/2018 – Methanex was downgraded by analysts at Alembic Global Advisors from an “overweight” rating to a “neutral” rating.

Shares of NASDAQ:MEOH opened at $57.80 on Friday. Methanex Co. has a 52 week low of $45.48 and a 52 week high of $83.23. The company has a current ratio of 1.20, a quick ratio of 0.83 and a debt-to-equity ratio of 0.59. The company has a market capitalization of $4.41 billion, a price-to-earnings ratio of 8.43, a PEG ratio of 0.71 and a beta of 1.62.

Methanex (NASDAQ:MEOH) (TSE:MX) last announced its quarterly earnings data on Wednesday, January 30th. The specialty chemicals company reported $1.15 EPS for the quarter, missing the Zacks’ consensus estimate of $1.75 by ($0.60). Methanex had a net margin of 14.48% and a return on equity of 31.00%. The firm had revenue of $977.00 million during the quarter, compared to analysts’ expectations of $986.13 million. During the same period in the prior year, the company posted $1.70 earnings per share. The company’s revenue for the quarter was up 13.5% on a year-over-year basis. On average, research analysts forecast that Methanex Co. will post 5.34 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, March 31st. Shareholders of record on Sunday, March 17th will be given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.28%. The ex-dividend date is Thursday, March 14th. Methanex’s dividend payout ratio is presently 19.24%.

Several large investors have recently made changes to their positions in MEOH. Financial Gravity Companies Inc. purchased a new stake in shares of Methanex in the 4th quarter valued at approximately $36,000. Quadrant Capital Group LLC increased its position in shares of Methanex by 415.7% in the 4th quarter. Quadrant Capital Group LLC now owns 1,671 shares of the specialty chemicals company’s stock valued at $78,000 after purchasing an additional 1,347 shares during the last quarter. Macquarie Group Ltd. purchased a new stake in shares of Methanex in the 4th quarter valued at approximately $168,000. SG Americas Securities LLC purchased a new stake in shares of Methanex in the 3rd quarter valued at approximately $181,000. Finally, NumerixS Investment Technologies Inc purchased a new stake in shares of Methanex in the 4th quarter valued at approximately $225,000. 69.57% of the stock is currently owned by institutional investors.

Methanex Corporation produces and sells methanol in North America, the Asia Pacific, Europe, and South America. It also purchases and sells methanol produced by others under methanol offtake contracts and on the spot market. The company was founded in 1968 and is headquartered in Vancouver, Canada.

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