EPS for Methanex Corporation (MX) Expected At $1.23

EPS for Methanex Corporation (MX) Expected At $1.23”

Shares of Methanex Corporation (NASDAQ:MEOH) (TSE:MX) have earned an average rating of "Buy" from the fifteen analysts that are now covering the firm, Marketbeat Ratings reports. The stock had a trading volume of 431,414 shares. Institutional investors own 82.10% of the company's stock. Boston Partners boosted its stake in Methanex Corporation by 45.2% in the first quarter. The company has market cap of $3.95 billion. Vanguard Group Inc. now owns 1,991,754 shares of the specialty chemicals company's stock worth $93,413,000 after buying an additional 83,091 shares in the last quarter. WFG Advisors LP increased its position in Methanex Corporation by 490.2% in the fourth quarter. Finally, Korea Investment CORP bought a new position in Methanex Corporation during the first quarter worth $260,000. Finally, AQR Capital Management LLC acquired a new position in shares of Methanex Corporation during the first quarter worth approximately $15,981,000. The rating was maintained by Scotia Capital on Tuesday, December 20 with "Sector Perform".

Media stories about Methanex Corporation (NASDAQ:MEOH) (TSE:MX) have trended somewhat positive this week, Accern Sentiment reports. The stock was sold at an average price of C$55.75, for a total transaction of C$111,500.00. Methanex has a 12 month low of $35.19 and a 12 month high of $69.88.

Wall Street await Methanex Corporation (USA) (NASDAQ:MEOH) to release earnings on July, 26. Jefferies Group analyst L. Alexander now forecasts that the company will post earnings per share of $1.17 for the quarter, down from their prior forecast of $1.20. Methanex Corporation had a net margin of 6.01% and a return on equity of 7.04%. Methanex Corporation's revenue was up 86.2% compared to the same quarter previous year.

The current consensus rating on Methanex Corporation (NASDAQ:MEOH) is Buy (Score: 2.55) with a consensus target price of $56.36 per share, a potential 23.74% upside.

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, September 30th. Stockholders of record on Friday, June 16th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.63%.

On 7/15/2016 Methanex Corporation announced a quarterly dividend of $0.28 3.74% with an ex dividend date of 9/14/2016 which will be payable on 9/30/2016. The company was maintained on Wednesday, September 9 by Cowen & Co. Institutional investors own 80.29% of the company's stock. Shares buyback plans are typically an indication that the company's leadership believes its shares are undervalued. MEOH's total short interest was 6.91M shares in July as published by FINRA. If you are viewing this story on another website, it was illegally stolen and republished in violation of United States & global copyright law.

A number of other analysts have also recently weighed in on the stock. TD Securities lifted their price target on shares of Methanex Corporation from $50.00 to $71.00 and gave the company a "hold" rating in a research note on Tuesday, April 4th. The stock presently has a consensus rating of "Hold" and a consensus target price of C$59.50. Royal Bank Of Canada cut their price objective on Methanex Corporation from $54.00 to $50.00 and set a "sector perform" rating for the company in a research report on Tuesday. BidaskClub raised Methanex Corporation from a "sell" rating to a "hold" rating in a research note on Thursday. The stock of Methanex Corporation (TSE:MX) has "Sector Perform" rating given on Tuesday, January 24 by Scotia Capital.

There are 1 sell rating, 3 hold ratings, 7 buy ratings on the stock. The Company's product candidates JCAR017, JCAR014, and JCAR015, as well as an additional early stage product candidate incorporating a fully human binding domain, leverage auto technology to target CD19, a protein expressed on the surface of nearly all B cell leukemias and lymphomas.

Methanex Corp is a Canada-based producer and supplier of methanol to a range of worldwide markets. The Company operates production sites in Canada, Chile, Egypt, New Zealand, the United States, as well as Trinidad and Tobago. The Company's global activities are supported by a global supply chain of terminals, storage facilities and a fleet of methanol ocean tankers.

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