Q4 2017 Earnings Estimate for Methanex Co. (MX) Issued By Jefferies Group
Methanex Co. (TSE:MX) (NASDAQ:MEOH) – Analysts at Jefferies Group upped their Q4 2017 earnings estimates for shares of Methanex in a research note issued on Wednesday. Jefferies Group analyst L. Alexander now forecasts that the company will post earnings of $1.49 per share for the quarter, up from their previous forecast of $1.40. Jefferies Group also issued estimates for Methanex’s Q4 2018 earnings at $1.26 EPS.
MX has been the subject of a number of other research reports. Scotiabank reiterated a “sector perform” rating and issued a C$67.00 price target on shares of Methanex in a research note on Wednesday, October 18th. Raymond James Financial downgraded shares of Methanex from an “outperform” rating to a “market perform” rating and set a C$77.00 price target for the company. in a research note on Tuesday, October 31st. TD Securities lifted their price target on shares of Methanex to C$75.50 and gave the stock a “buy” rating in a research note on Friday, October 27th. BMO Capital Markets reiterated an “outperform” rating and issued a C$57.00 price target on shares of Methanex in a research note on Monday, September 18th. Finally, Royal Bank of Canada lifted their price target on shares of Methanex to C$73.00 and gave the stock a “sector perform” rating in a research note on Friday, October 27th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of C$72.00.
Methanex (TSE MX) opened at C$79.67 on Thursday. Methanex has a 12 month low of C$52.63 and a 12 month high of C$80.61. The stock has a market cap of $6,550.00, a P/E ratio of 20.64 and a beta of 1.43.
In other news, Director Dean Richardson sold 1,500 shares of Methanex stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of C$49.93, for a total value of C$74,895.00. Also, Director John Floren sold 450 shares of Methanex stock in a transaction on Monday, October 30th. The shares were sold at an average price of C$65.32, for a total transaction of C$29,394.00. Insiders have sold a total of 29,550 shares of company stock valued at $2,039,009 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.
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