BMO Capital Markets set a C$72.00 target price on Methanex (TSE:MX) (NASDAQ:MEOH) in a research note published on Friday. The firm currently has an outperform rating on the stock.

MX has been the subject of several other research reports. Royal Bank of Canada boosted their price objective on shares of Methanex to C$73.00 and gave the stock a sector perform rating in a research note on Friday, October 27th. Raymond James Financial lowered shares of Methanex from an outperform rating to a market perform rating and set a C$77.00 price objective for the company. in a research note on Tuesday, October 31st. TD Securities boosted their price objective on shares of Methanex to C$85.00 and gave the stock a buy rating in a research note on Tuesday, December 19th. Sanford C. Bernstein reduced their price objective on shares of Methanex from C$46.43 to C$41.89 in a research note on Monday, January 29th. Finally, Scotiabank reiterated a sector perform rating and set a C$68.00 price objective on shares of Methanex in a research note on Thursday, October 26th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of Hold and a consensus price target of C$69.48.

Methanex (TSE MX) opened at C$72.86 on Friday. The company has a market cap of $6,210.00, a P/E ratio of 16.48 and a beta of 1.32. Methanex has a 52 week low of C$52.63 and a 52 week high of C$80.61.

Methanex (TSE:MX) (NASDAQ:MEOH) last posted its quarterly earnings data on Wednesday, January 31st. The company reported C$2.16 EPS for the quarter, topping the consensus estimate of C$1.48 by C$0.68. The firm had revenue of C$1.09 billion during the quarter. Methanex had a net margin of 5.33% and a return on equity of 8.31%.

The business also recently declared a quarterly dividend, which will be paid on Saturday, March 31st. Shareholders of record on Saturday, March 17th will be paid a dividend of $0.406 per share. This is a positive change from Methanex’s previous quarterly dividend of $0.30. The ex-dividend date is Thursday, March 15th. This represents a $1.62 dividend on an annualized basis and a yield of 2.23%. Methanex’s dividend payout ratio is presently 26.02%.

In other news, Director John Floren sold 20,000 shares of the stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of C$72.85, for a total value of C$1,457,000.00. Also, Director Mike Herz sold 6,000 shares of the stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of C$65.50, for a total transaction of C$393,000.00. Insiders have sold a total of 27,600 shares of company stock worth $1,934,720 in the last 90 days.

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Methanex Company Profile

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.

Analyst Recommendations for Methanex (TSE:MX)

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