New York: Methanex Corp (NASDAQ:MEOH) Stock Has Just Had Its Buy Rating Reiterated by Jefferies. Shares now Have a $60.0 Target

September 17, 2017 - By Winifred Garcia

 New York: Methanex Corp (NASDAQ:MEOH) Stock Has Just Had Its Buy Rating Reiterated by Jefferies. Shares now Have a $60.0 Target

Methanex Corp (NASDAQ:MEOH) Rating Reaffirmed

Jefferies now has a $60.0 target price per share on the $4.35 billion market cap company or 18.58 % upside potential. In a report sent to investors on Tuesday, 12 September, Methanex Corp (NASDAQ:MEOH) shares have had their Buy Rating reiterated by professional analysts at Jefferies.

Methanex Corporation (USA) (NASDAQ:MEOH) Ratings Coverage

Among 12 analysts covering Methanex Corporation (NASDAQ:MEOH), 8 have Buy rating, 1 Sell and 3 Hold. Therefore 67% are positive. Methanex Corporation has $6500 highest and $27 lowest target. $47’s average target is -7.11% below currents $50.6 stock price. Methanex Corporation had 54 analyst reports since July 27, 2015 according to SRatingsIntel. Jefferies maintained it with “Buy” rating and $6000 target in Thursday, July 27 report. RBC Capital Markets maintained the shares of MEOH in report on Friday, January 27 with “Sector Perform” rating. The stock has “Outperform” rating by IBC on Wednesday, March 29. Howard Weil upgraded the shares of MEOH in report on Monday, July 27 to “Outperform” rating. The firm has “Mkt Perform” rating by Raymond James given on Monday, December 14. Cowen & Co maintained Methanex Corporation (USA) (NASDAQ:MEOH) on Monday, January 30 with “Outperform” rating. Scotia Capital initiated the shares of MEOH in report on Monday, September 21 with “Sell” rating. The rating was maintained by BMO Capital Markets with “Buy” on Thursday, June 29. The firm has “Hold” rating by RBC Capital Markets given on Monday, May 29. The rating was downgraded by IBC on Monday, October 24 to “Sector Perform”.

The stock decreased 2.03% or $1.05 on September 15, reaching $50.6. About 1.29M shares traded or 96.41% up from the average. Methanex Corporation (USA) (NASDAQ:MEOH) has risen 45.59% since September 17, 2016 and is uptrending. It has outperformed by 28.89% the S&P500.

Wall Street await Methanex Corporation (USA) (NASDAQ:MEOH) to release earnings on October, 25. Analysts forecast earnings per share of $0.53, up exactly $0.65 or 541.67 % from 2014’s $-0.12 EPS. The expected MEOH’s profit could reach $45.56 million giving the stock 23.87 P/E in the case that $0.53 earnings per share is reported. After posting $0.85 EPS for the previous quarter, Methanex Corporation (USA)’s analysts now forecast -37.65 % negative EPS growth.

Methanex Corp is a Canada-based producer and supplier of methanol to a range of international markets. The company has market cap of $4.35 billion. The Firm operates production sites in Canada, Chile, Egypt, New Zealand, the United States, as well as Trinidad and Tobago. It has a 19.67 P/E ratio. The Company’s global activities are supported by a global supply chain of terminals, storage facilities and a fleet of methanol ocean tankers.

More news for Methanex Corporation (USA) (NASDAQ:MEOH) were recently published by: Nasdaq.com, which released: “Methanex Corporation (MEOH) Ex-Dividend Date Scheduled for September 14, 2017” on September 13, 2017. Globenewswire.com‘s article titled: “Methanex to Webcast Investor Conference on September 15, 2017” and published on September 08, 2017 is yet another important article.

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