Methanex Corporation (MEOH) Sets 12-Month High at $68.60 on Apr, 17

April 17, 2018 - By Patrick Harkless

Methanex Corporation (NASDAQ:MEOH) Corporate Logo

By touching $68.60 stock price a new 52 week high was achieved by the Methanex Corporation (NASDAQ:MEOH). It was reported on Apr, 17 according to Barchart.com The company has $5.53B MC. At our $73.40 price target, the company worth will be $386.82 million more.

MEOH reached $68.6 on during the last trading session after $1.2 change.Currently Methanex Corporation is uptrending after 32.18% change in last April 17, 2017. MEOH has 117,157 shares volume. MEOH outperformed the S&P 500 by 20.63%.

Analysts await Methanex Corporation (NASDAQ:MEOH) to report earnings on April, 25. They expect $2.07 earnings per share, up 32.69 % or $0.51 from last year’s $1.56 per share. MEOH’s profit will be $166.75M for 8.29 P/E if the $2.07 EPS becomes a reality. After $1.70 actual earnings per share reported by Methanex Corporation for the previous quarter, Wall Street now forecasts 21.76 % EPS growth.

Methanex Corporation (NASDAQ:MEOH) Ratings Coverage

Total analysts of 8 have positions in Methanex Corp (NASDAQ:MEOH) as follows: 4 rated it a “Buy”, 0 with “Sell” and 4 with “Hold”. The positive are 50%. The firm has $75.0 highest while $57.0 is the lowest [Target]. The average target $69.79 is 1.73% above the last ($68.6) price. Since October 27, 2017 according to StockzIntelligence Inc Methanex Corp has 18 analyst reports. On Monday, January 8 the firm has “Hold” rating by TD Securities given. The stock rating was maintained by RBC Capital Markets with “Hold” on Friday, October 27. On Wednesday, January 31 the firm has “Buy” rating by Alembic given. On Monday, February 12 the firm has “Buy” rating given by Cowen & Co. The stock rating was maintained by Jefferies with “Buy” on Wednesday, January 3. The stock rating was downgraded by Raymond James to “Market Perform” on Tuesday, October 31. On Thursday, February 1 the company was maintained by RBC Capital Markets. The stock rating was maintained by Alembic with “Buy” on Monday, January 8. In Thursday, February 1 report BMO Capital Markets maintained the stock with “Buy” rating. In Wednesday, January 10 report Cowen & Co maintained the stock with “Buy” rating.

Methanex Corporation produces and supplies methanol in North America, the Asia Pacific, Europe, and South America.The firm is worth $5.53 billion. It also purchases methanol produced by others under methanol offtake contracts and on the spot market.The P/E ratio is 18.85.

Methanex Corporation (NASDAQ:MEOH) Analyst Ratings Chart

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