BMO Capital Markets restated their buy rating on shares of Methanex Corp. (NASDAQ:MEOH) (TSE:MX) in a report issued on Monday.

A number of other brokerages have also weighed in on MEOH. Raymond James Financial Inc. lowered Methanex Corp. from a strong-buy rating to an outperform rating and increased their price objective for the company from $37.00 to $40.00 in a report on Monday, October 3rd. CIBC lowered Methanex Corp. from a sector outperform rating to a sector perform rating in a report on Monday, October 24th. Jefferies Group reaffirmed a buy rating and set a $41.00 target price on shares of Methanex Corp. in a report on Thursday, October 20th. Zacks Investment Research raised Methanex Corp. from a strong sell rating to a hold rating in a report on Friday, October 21st. Finally, Cowen and Company dropped their target price on Methanex Corp. from $43.00 to $40.00 and set an outperform rating on the stock in a report on Thursday, August 4th. Seven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of Hold and a consensus target price of $40.70.

Analyst Recommendations for Methanex Corp. (NASDAQ:MEOH)

Methanex Corp. (NASDAQ:MEOH) traded down 0.37% on Monday, reaching $40.75. The company had a trading volume of 588,629 shares. Methanex Corp. has a 1-year low of $22.73 and a 1-year high of $41.49. The stock’s 50 day moving average is $37.64 and its 200-day moving average is $32.22. The stock’s market capitalization is $3.66 billion.

Methanex Corp. (NASDAQ:MEOH) last announced its quarterly earnings data on Wednesday, October 26th. The company reported ($0.01) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.21) by $0.20. The business had revenue of $2.48 million for the quarter, compared to analyst estimates of $2.09 million. Methanex Corp. had a negative return on equity of 2.57% and a negative net margin of 1.45%. The company’s revenue was down 3.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.26 earnings per share. On average, equities analysts predict that Methanex Corp. will post ($0.58) EPS for the current fiscal year.

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The company also recently announced a quarterly dividend, which will be paid on Saturday, December 31st. Stockholders of record on Saturday, December 17th will be given a $0.275 dividend. The ex-dividend date of this dividend is Wednesday, December 14th. This represents a $1.10 annualized dividend and a dividend yield of 2.69%. Methanex Corp.’s dividend payout ratio (DPR) is presently -366.67%.

Several institutional investors have recently added to or reduced their stakes in the stock. Quantbot Technologies LP purchased a new position in Methanex Corp. during the second quarter valued at $109,000. Polaris Capital Management LLC increased its position in Methanex Corp. by 19.7% in the second quarter. Polaris Capital Management LLC now owns 4,250 shares of the company’s stock valued at $124,000 after buying an additional 700 shares during the period. First Interstate Bank increased its position in Methanex Corp. by 19.2% in the second quarter. First Interstate Bank now owns 5,250 shares of the company’s stock valued at $153,000 after buying an additional 845 shares during the period. Citigroup Inc. increased its position in Methanex Corp. by 104.6% in the second quarter. Citigroup Inc. now owns 6,045 shares of the company’s stock valued at $175,000 after buying an additional 137,805 shares during the period. Finally, World Asset Management Inc purchased a new position in Methanex Corp. during the third quarter valued at $215,000. Institutional investors and hedge funds own 85.15% of the company’s stock.

Methanex Corp. Company Profile

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.

5 Day Chart for NASDAQ:MEOH

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