Methanex (MEOH) Scheduled to Post Earnings on Wednesday

Methanex (NASDAQ:MEOH) (TSE:MX) is scheduled to announce its earnings results after the market closes on Wednesday, November 6th. Analysts expect the company to announce earnings of $0.41 per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Methanex Stock Up 0.3 %

MEOH stock opened at $39.19 on Tuesday. The company has a market cap of $2.64 billion, a price-to-earnings ratio of 18.23 and a beta of 1.36. Methanex has a twelve month low of $36.13 and a twelve month high of $56.43. The business has a 50 day moving average price of $41.43 and a two-hundred day moving average price of $46.17. The company has a quick ratio of 0.87, a current ratio of 1.25 and a debt-to-equity ratio of 0.80.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on MEOH shares. UBS Group lowered their target price on shares of Methanex from $58.00 to $54.00 and set a “buy” rating on the stock in a report on Monday, September 16th. Scotiabank boosted their price objective on shares of Methanex from $58.00 to $60.00 and gave the stock a “sector outperform” rating in a research note on Wednesday, July 10th. Piper Sandler upped their target price on shares of Methanex from $51.00 to $68.00 and gave the company an “overweight” rating in a report on Tuesday, September 10th. Raymond James reduced their price target on Methanex from $62.00 to $54.00 and set an “outperform” rating for the company in a report on Wednesday, September 11th. Finally, Barclays lowered Methanex from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $56.00 to $44.00 in a research note on Tuesday, September 10th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Methanex presently has an average rating of “Moderate Buy” and an average price target of $55.38.

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.