Economy

$2.07 EPS Expected for Methanex Corporation (MEOH)

Zacks Investment Research upgraded Methanex from a hold rating to a buy rating and set a $50.00 price objective on the stock in a research note on Tuesday, December 6th. During the same quarter past year, the firm posted $0.46 earnings per share.

In 2017Q4 SEC form is reported Jones Collombin Investment Counsel Inc's stake in Methanex Corp (MEOH) which was upped by 138.08%. The PT would suggest a possible downside of -5.05 % from firm's close price. Methanex Corp had 18 analyst reports since October 17, 2017 according to SRatingsIntel. The firm earned "Hold" rating on Monday, January 8 by TD Securities.

Methanex Corp (NASDAQ:MEOH) just had their share rating of a "Hold" issued by research analysts at RBC Capital, who now has a $63.0 PT on the $5.42 billion market cap company or a -5.05 % downside potential. The stock of Methanex Corporation (NASDAQ:MEOH) earned "Hold" rating by Scotia Capital on Wednesday, January 3.

Methanex declared that its Board of Directors has initiated a share buyback program on Monday, March 5th that authorizes the company to buyback 6,590,000 outstanding shares. The firm had revenue of $585 million for the quarter, compared to analyst estimates of $544.94 million. The stock of Methanex Corporation (NASDAQ:MEOH) has "Buy" rating given on Friday, November 24 by BMO Capital Markets. Methanex had a negative return on equity of 1.82% and a negative net margin of 0.63%. The company's quarterly revenue was up 47.2% on a year-over-year basis. The company was maintained on Thursday, February 1 by BMO Capital Markets.

The stock decreased 0.82% or $0.55 during the last trading session, reaching $66.35. Jefferies maintained the shares of MEOH in report on Wednesday, January 3 with "Buy" rating. About 479,344 shares traded. The company was maintained on Friday, October 27 by RBC Capital Markets. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.66 and a quick ratio of 1.25. WFG Advisors LP raised its position in Methanex by 490.2% in the fourth quarter. World Asset Management Inc purchased a new position in shares of Methanex during the third quarter valued at about $215,000. FineMark National Bank & Trust bought a new stake in shares of Methanex in the 4th quarter worth about $253,000. Stockholders of record on Saturday, March 17th were issued a $0.33 dividend. AXA purchased a new position in Methanex during the fourth quarter valued at approximately $442,000. This represents a $1.32 annualized dividend and a dividend yield of 1.99%. The ex-dividend date of this dividend was Thursday, March 15th.

Media headlines about Methanex (NASDAQ:MEOH) (TSE:MX) have trended somewhat positive this week, Accern reports. This is an increase from Methanex's previous quarterly dividend of $0.30. Methanex's payout ratio is -846.15%. If you are viewing this article on another website, it was illegally copied and reposted in violation of U.S. & global copyright and trademark law.

Methanex Corp is a Canada-based producer and supplier of methanol to a range of worldwide markets. The company was founded in 1968 and is headquartered in Vancouver, Canada.



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