Cibc World Mkts upgraded shares of Methanex (TSE:MX – Free Report) (NASDAQ:MEOH) from a hold rating to a strong-buy rating in a research note issued to investors on Tuesday morning,Zacks.com reports.
A number of other research analysts have also recently issued reports on MX. Tudor Pickering upgraded Methanex to a “strong-buy” rating in a research report on Wednesday, September 11th. Barclays downgraded shares of Methanex from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 10th.
View Our Latest Stock Analysis on MX
Methanex Trading Down 2.2 %
Methanex (TSE:MX – Get Free Report) (NASDAQ:MEOH) last released its earnings results on Wednesday, November 6th. The company reported C$1.65 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.60 by C$1.05. Methanex had a return on equity of 10.21% and a net margin of 4.06%. The company had revenue of C$1.28 billion for the quarter, compared to analyst estimates of C$1.26 billion. On average, research analysts predict that Methanex will post 5.9482927 earnings per share for the current fiscal year.
Insider Buying and Selling
In other Methanex news, Director Leslie O’donoghue purchased 2,500 shares of the company’s stock in a transaction dated Tuesday, September 24th. The stock was purchased at an average price of C$54.75 per share, with a total value of C$136,876.00. 0.35% of the stock is currently owned by corporate insiders.
Methanex Company Profile
Methanex Corporation produces and supplies methanol in China, Europe, the United States, South America, South Korea, Canada, and Asia. 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.
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