Methanex Corporation (USA) (MEOH) is Upgraded by CIBC to Sector Outperform

Methanex Corporation (USA) (MEOH) was Upgraded by CIBC to ” Sector Outperform”. Earlier the firm had a rating of “Sector Perform ” on the company shares. CIBC advised their investors in a research report released on Jul 5, 2016.

Many Wall Street Analysts have commented on Methanex Corporation (USA). Methanex Corporation (USA) was Upgraded by Raymond James to ” Strong Buy” on May 17, 2016.

On the company’s financial health, Methanex Corporation (USA) reported $0.26 EPS for the quarter, missing the analyst consensus estimate by $ -0.12 based on the information available during the earnings call on Oct 28, 2015. Analyst had a consensus of $0.38. The company had revenue of $527.00 million for the quarter, compared to analysts expectations of $608.83 million. The company’s revenue was down -27.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.69 EPS.

Methanex Corporation (USA) closed down -0.34 points or -1.17% at $28.76 with 8,30,939 shares getting traded on Friday. Post opening the session at $28.87, the shares hit an intraday low of $28.64 and an intraday high of $29.29 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

Methanex Corporation is a Canada-based producer and supplier of methanol to international markets in Asia Pacific North America Europe and South America. The Company operates three production facilities in New Zealand which supply methanol primarily to customers in Asia Pacific. Its two plants in Trinidad Titan and Atlas supply methanol markets in North America Europe Asia Pacific and South America. Its Geismar 1 facility in Louisiana supplies to customers in the United States. The Company through a joint venture facility in Egypt located on the Mediterranean Sea supplies methanol markets in Europe and Asia Pacific. Its plant in Medicine Hat Alberta supplies methanol to customers in North America. The Punta Arenas production complex in southern Chile supplies to customers in South America.

Methanex Corporation (USA)

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