Methanex Corporation (MEOH) Getting Somewhat Favorable Media Coverage, Analysis Shows
News coverage about Methanex Corporation (NASDAQ:MEOH) (TSE:MX) has been trending somewhat positive this week, Accern Sentiment reports. The research group rates the sentiment of news coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Methanex Corporation earned a daily sentiment score of 0.10 on Accern’s scale. Accern also gave media coverage about the specialty chemicals company an impact score of 45.8220538131303 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Shares of Methanex Corporation (NASDAQ:MEOH) traded down $0.05 during midday trading on Friday, hitting $52.20. The stock had a trading volume of 235,438 shares, compared to its average volume of 793,507. Methanex Corporation has a 52 week low of $39.47 and a 52 week high of $53.50. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.59 and a quick ratio of 1.17. The stock has a market capitalization of $4,420.00, a P/E ratio of 15.88, a price-to-earnings-growth ratio of 0.97 and a beta of 1.80.
Methanex Corporation (NASDAQ:MEOH) (TSE:MX) last issued its earnings results on Wednesday, October 25th. The specialty chemicals company reported $0.60 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.05. Methanex Corporation had a return on equity of 16.02% and a net margin of 9.81%. The company had revenue of $720.00 million during the quarter, compared to the consensus estimate of $614.19 million. During the same quarter in the prior year, the business earned ($0.01) earnings per share. The company’s revenue was up 41.2% compared to the same quarter last year. sell-side analysts expect that Methanex Corporation will post 3.59 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Sunday, December 31st. Stockholders of record on Sunday, December 17th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.30%. The ex-dividend date of this dividend is Thursday, December 14th. Methanex Corporation’s payout ratio is 39.09%.
Several brokerages have commented on MEOH. Jefferies Group LLC upped their price target on Methanex Corporation to $60.00 and gave the stock a “buy” rating in a research note on Tuesday, September 12th. Cowen Inc set a $60.00 price target on Methanex Corporation and gave the stock a “buy” rating in a research note on Friday, July 28th. TD Securities upped their price target on Methanex Corporation from $58.00 to $59.00 and gave the stock a “buy” rating in a research note on Friday, October 27th. Royal Bank Of Canada upped their price target on Methanex Corporation from $50.00 to $57.00 and gave the stock a “sector perform” rating in a research note on Friday, October 27th. Finally, Monness Crespi & Hardt decreased their target price on Methanex Corporation from $62.00 to $59.00 and set a “buy” rating for the company in a research report on Friday, July 28th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the company’s stock. Methanex Corporation currently has a consensus rating of “Hold” and a consensus price target of $54.17.
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About Methanex Corporation
Methanex Corp is a Canada-based producer and supplier of methanol to a range of international markets. The Company operates production sites in Canada, Chile, Egypt, New Zealand, the United States, as well as Trinidad and Tobago. Its global operations are supported by a global supply chain of terminals, storage facilities and a fleet of methanol ocean tankers.
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