Methanex (TSE:MX) Upgraded at Cibc World Mkts

Cibc World Mkts upgraded shares of Methanex (TSE:MXFree 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 %

Shares of MX stock opened at C$65.32 on Tuesday. The stock has a 50 day simple moving average of C$59.94 and a 200 day simple moving average of C$62.32. Methanex has a 1 year low of C$49.21 and a 1 year high of C$74.25. The company has a current ratio of 1.25, a quick ratio of 1.59 and a debt-to-equity ratio of 131.58. The stock has a market cap of C$4.40 billion, a P/E ratio of 22.45, a price-to-earnings-growth ratio of 0.44 and a beta of 1.79.

Methanex (TSE:MXGet 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

(Get Free Report)

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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