Methanex (MEOH) Trading Down 5.3%

Methanex Co. (NASDAQ:MEOH) (TSE:MX) shares traded down 5.3% during mid-day trading on Thursday . The stock traded as low as $54.90 and last traded at $54.90. 963,939 shares were traded during mid-day trading, an increase of 25% from the average session volume of 771,213 shares. The stock had previously closed at $57.95.

Several research analysts have recently issued reports on the stock. Jefferies Group upped their target price on shares of Methanex to $72.00 and gave the company a “buy” rating in a report on Wednesday, January 3rd. TD Securities cut shares of Methanex from a “buy” rating to a “hold” rating and set a $66.00 target price for the company. in a report on Monday, January 8th. They noted that the move was a valuation call. Monness Crespi & Hardt restated a “buy” rating and issued a $72.00 target price (up previously from $65.00) on shares of Methanex in a report on Friday, February 2nd. BidaskClub cut shares of Methanex from a “buy” rating to a “hold” rating in a report on Monday, January 15th. Finally, ValuEngine cut shares of Methanex from a “strong-buy” rating to a “buy” rating in a report on Thursday, November 30th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the stock. Methanex has an average rating of “Hold” and a consensus price target of $59.00.

The stock has a market capitalization of $4,640.00, a P/E ratio of 15.21, a price-to-earnings-growth ratio of 0.75 and a beta of 1.72. The company has a quick ratio of 1.25, a current ratio of 1.66 and a debt-to-equity ratio of 0.83.

Methanex (NASDAQ:MEOH) (TSE:MX) last issued its quarterly earnings results on Wednesday, January 31st. The specialty chemicals company reported $1.70 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.19 by $0.51. The firm had revenue of $861.00 million during the quarter, compared to analysts’ expectations of $796.57 million. Methanex had a net margin of 10.34% and a return on equity of 22.72%. Methanex’s quarterly revenue was up 47.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.46 EPS. equities analysts predict that Methanex Co. will post 5.33 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Saturday, March 31st. Investors of record on Saturday, March 17th will be paid a dividend of $0.33 per share. The ex-dividend date of this dividend is Thursday, March 15th. This represents a $1.32 dividend on an annualized basis and a yield of 2.40%. This is a boost from Methanex’s previous quarterly dividend of $0.30. Methanex’s dividend payout ratio is currently 33.24%.

Large investors have recently modified their holdings of the stock. ETRADE Capital Management LLC acquired a new stake in Methanex during the 3rd quarter worth $241,000. FineMark National Bank & Trust acquired a new stake in Methanex during the 4th quarter worth $253,000. AHL Partners LLP acquired a new stake in Methanex during the 2nd quarter worth $300,000. FNY Partners Fund LP acquired a new stake in Methanex during the 4th quarter worth $302,000. Finally, PNC Financial Services Group Inc. boosted its stake in Methanex by 3.9% during the 2nd quarter. PNC Financial Services Group Inc. now owns 6,948 shares of the specialty chemicals company’s stock worth $305,000 after purchasing an additional 259 shares during the period. Hedge funds and other institutional investors own 84.74% of the company’s stock.

TRADEMARK VIOLATION WARNING: “Methanex (MEOH) Trading Down 5.3%” was first reported by Community Financial News and is the property of of Community Financial News. If you are accessing this piece on another website, it was illegally copied and reposted in violation of United States & international copyright & trademark law. The original version of this piece can be accessed at

Methanex Company Profile

Methanex Corp is a Canada-based 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, as well as Trinidad and Tobago. Its global operations are supported by a global supply chain of terminals, storage facilities and a fleet of methanol ocean tankers.

Receive News & Ratings for Methanex Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Methanex and related companies with's FREE daily email newsletter.


Leave a Reply

share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit