Published On: Wed, Oct 19th, 2016

Methanex Corporation (NASDAQ:MEOH) Analyst Review


A number of investment brokers have recently updated their price targets on shares of Methanex Corporation (NASDAQ:MEOH).

Most recent broker ratings

10/03/2016 – Methanex Corporation was downgraded to “outperform” by analysts at Raymond James. They now have a USD 40 price target on the stock.

09/29/2016 – Methanex Corporation had its “outperform” rating reiterated by analysts at BMO Capital Markets. They now have a USD 40 price target on the stock.

08/30/2016 – Methanex Corporation had its “outperform” rating reiterated by analysts at Scotiabank. They now have a USD 35 price target on the stock.

08/04/2016 – Methanex Corporation had its “outperform” rating reiterated by analysts at Cowen. They now have a USD 40 price target on the stock.

07/29/2016 – Methanex Corporation was upgraded to “buy” by analysts at TD Securities. They now have a USD 35 price target on the stock.

07/11/2016 – Methanex Corporation had its “neutral” rating reiterated by analysts at UBS. They now have a USD 28 price target on the stock.

07/05/2016 – Methanex Corporation was upgraded to “sector outperform” by analysts at CIBC. They now have a USD 37 price target on the stock.

06/14/2016 – Methanex Corporation had its “buy” rating reiterated by analysts at Jefferies. They now have a USD 41 price target on the stock.

06/06/2016 – Methanex Corporation had its “sector perform” rating reiterated by analysts at RBC Capital. They now have a USD 48.5 price target on the stock.

03/14/2016 – Methanex Corporation was downgraded to “neutral” by analysts at Citigroup. They now have a USD 35 price target on the stock.

01/19/2016 – Methanex Corporation had its “neutral” rating reiterated by analysts at Monness Crespi & Hardt.

05/13/2015 – Methanex Corporation was downgraded to “hold” by analysts at Zacks.

The share price of Methanex Corporation (NASDAQ:MEOH) was up +2.61% during the last day of trading, with a day high of 38.02. 515057 shares were traded during the last session.

The stock’s 50 day moving average is 32.85 and its 200 day moving average is 31.17. The stock’s market capitalization is 3.39B. Methanex Corporation has a 52-week low of 22.73 and a 52-week high of 44.95.

Methanex Corporation is a 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, and Trinidad and Tobago. Its global operations are supported by a global supply chain of terminals, storage facilities and a fleet of methanol ocean tankers. The Company’s subsidiary, Waterfront Shipping Company Limited, operates its fleet, which is made up of over 20 vessels ranging from 3,000 to 50,000 deadweight tons of capacity. It has over three production facilities in New Zealand that supply methanol primarily to customers in Asia Pacific. The Company operates over two plants in Trinidad, Titan and Atlas, which supply methanol to markets in North America, Europe, Asia Pacific and South America. Its joint venture facility in Egypt supplies methanol to markets in Europe and Asia Pacific. Its plant in Medicine Hat, Alberta, supplies methanol to customers in North America.