Methanex (TSE:MX) Cut to “Hold” at Raymond James Financial

Raymond James Financial cut shares of Methanex (TSE:MX) (NASDAQ:MEOH) from a moderate buy rating to a hold rating in a research note published on Wednesday morning, Marketbeat reports.

Separately, National Bank Financial raised shares of Methanex to a “strong-buy” rating in a research note on Thursday, September 25th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Methanex has a consensus rating of “Buy” and a consensus target price of C$46.50.

Methanex Price Performance

Shares of MX stock opened at C$64.35 on Wednesday. The firm’s 50 day moving average price is C$54.74 and its two-hundred day moving average price is C$51.36. The stock has a market cap of C$4.98 billion, a PE ratio of 21.59, a PEG ratio of 0.44 and a beta of 1.25. Methanex has a 52-week low of C$36.10 and a 52-week high of C$78.18. The company has a debt-to-equity ratio of 148.53, a quick ratio of 1.59 and a current ratio of 1.34.

Methanex (TSE:MX) (NASDAQ:MEOH) last posted its quarterly earnings results on Wednesday, October 29th. The company reported C($0.09) earnings per share (EPS) for the quarter. Methanex had a return on equity of 7.70% and a net margin of 4.13%.The company had revenue of C$1.29 billion during the quarter. As a group, analysts forecast that Methanex will post 5.9482927 EPS for the current year.

Methanex Company Profile

Methanex Corp manufactures and sells methanol. Methanex’s customers use methanol as a feedstock to produce end-products including adhesives, foams, solvents, and windshield washer fluids. The firm also sells its products to the oil refining industry, where the methanol is blended with gasoline to produce a high-octane fuel or blended as a component of biodiesel. Methanex distributes its products through a global supply chain that includes the operation of port terminals, tankers, barges, rail cars, trucks, and pipelines.