A number of other equities research analysts also recently commented on the company. Tudor Pickering & Holt set a $44.00 price objective on Methanex and gave the company a “hold” rating in a report on Wednesday, January 26th. TheStreet upgraded Methanex from a “c+” rating to a “b-” rating in a report on Monday, January 31st. UBS Group set a $35.00 price objective on Methanex and gave the company a “sell” rating in a report on Thursday, January 27th. TD Securities upped their price objective on Methanex from $59.00 to $69.00 and gave the company a “buy” rating in a report on Monday, March 28th. Finally, Zacks Investment Research downgraded Methanex from a “strong-buy” rating to a “hold” rating and set a $42.00 price objective for the company. in a report on Friday, December 31st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, Methanex has a consensus rating of “Hold” and an average price target of $51.58.
MEOH stock opened at $55.09 on Friday. The company has a market cap of $4.06 billion, a P/E ratio of 9.27 and a beta of 1.77. Methanex has a twelve month low of $29.61 and a twelve month high of $56.73. The company has a quick ratio of 1.59, a current ratio of 2.06 and a debt-to-equity ratio of 1.10. The business has a fifty day moving average of $52.28 and a 200-day moving average of $47.19.
Large investors have recently bought and sold shares of the stock. Alberta Investment Management Corp grew its holdings in shares of Methanex by 13.9% during the third quarter. Alberta Investment Management Corp now owns 181,829 shares of the specialty chemicals company’s stock worth $8,378,000 after buying an additional 22,163 shares in the last quarter. Two Sigma Investments LP grew its holdings in shares of Methanex by 374.4% during the third quarter. Two Sigma Investments LP now owns 476,460 shares of the specialty chemicals company’s stock worth $21,936,000 after buying an additional 376,033 shares in the last quarter. ClariVest Asset Management LLC bought a new position in shares of Methanex during the third quarter worth about $1,747,000. Jefferies Group LLC bought a new position in shares of Methanex during the third quarter worth about $460,000. Finally, Renaissance Group LLC bought a new position in shares of Methanex during the third quarter worth about $952,000. Institutional investors and hedge funds own 89.21% of the company’s stock.
About Methanex (Get Rating)
Methanex Corporation produces and supplies methanol in North America, the Asia Pacific, Europe, and South America. The company also purchases methanol produced by others under methanol offtake contracts and on the spot market. In addition, it owns and leases storage and terminal facilities. The company owns and manages a fleet of approximately 30 ocean-going vessels.
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