How Many Methanex Corporation (NASDAQ:MEOH)’s Analysts Are Bullish?

April 26, 2018 - By Richard Conner

Methanex Corporation (NASDAQ:MEOH) Logo

Methanex Corporation (NASDAQ:MEOH) Ratings Coverage

Among 8 analysts covering Methanex Corp (NASDAQ:MEOH), 4 have Buy rating, 0 Sell and 4 Hold. Therefore 50% are positive. Methanex Corp had 18 analyst reports since October 27, 2017 according to SRatingsIntel. The firm earned “Buy” rating on Monday, January 8 by Alembic. The stock has “Hold” rating by Scotia Capital on Wednesday, January 3. Alembic maintained the shares of MEOH in report on Tuesday, February 20 with “Buy” rating. The firm earned “Hold” rating on Friday, December 22 by RBC Capital Markets. The stock of Methanex Corporation (NASDAQ:MEOH) has “Buy” rating given on Wednesday, January 10 by Cowen & Co. The stock of Methanex Corporation (NASDAQ:MEOH) has “Hold” rating given on Friday, October 27 by RBC Capital Markets. The stock has “Hold” rating by Scotia Capital on Wednesday, January 31. The firm has “Market Perform” rating by Raymond James given on Tuesday, October 31. BMO Capital Markets maintained Methanex Corporation (NASDAQ:MEOH) rating on Friday, November 24. BMO Capital Markets has “Buy” rating and $57.0 target. Cowen & Co maintained the shares of MEOH in report on Monday, January 22 with “Buy” rating. Below is a list of Methanex Corporation (NASDAQ:MEOH) latest ratings and price target changes.

17/04/2018 Broker: Cowen & Co Rating: Buy New Target: $75.0000 Maintain
20/02/2018 Broker: Alembic Rating: Buy Maintain
12/02/2018 Broker: Cowen & Co Rating: Buy New Target: $69.0 Maintain
01/02/2018 Broker: RBC Capital Markets Rating: Hold New Target: $67.0 Maintain
01/02/2018 Broker: BMO Capital Markets Rating: Buy New Target: $72.0 Maintain
31/01/2018 Broker: Scotia Capital Rating: Hold New Target: $67.5 Maintain
31/01/2018 Broker: Alembic Rating: Buy New Target: $75.0 Maintain
22/01/2018 Broker: Cowen & Co Rating: Buy New Target: $69.0 Maintain
10/01/2018 Broker: Cowen & Co Rating: Buy New Target: $69.0 Maintain
08/01/2018 Broker: Alembic Rating: Buy Maintain

The stock decreased 5.20% or $3.4 during the last trading session, reaching $62. About 323,917 shares traded. Methanex Corporation (NASDAQ:MEOH) has risen 32.18% since April 26, 2017 and is uptrending. It has outperformed by 20.63% the S&P500.

Methanex Corporation produces and supplies methanol in North America, the Asia Pacific, Europe, and South America. The company has market cap of $5.22 billion. It also purchases methanol produced by others under methanol offtake contracts and on the spot market. It has a 17.03 P/E ratio.

Methanex Corporation (NASDAQ:MEOH) Ratings Chart

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