Methanex Corporation (MEOH) : Analyst Rating Update

Methanex Corporation (MEOH) : Zacks Investment Research ranks Methanex Corporation (MEOH) as 5, which is a Strong Sell recommendation. 5 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. A total of 2 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 7 research analysts is 1.57, which indicates as a Buy.

Methanex Corporation (MEOH) : The highest short term price target forecast on Methanex Corporation (MEOH) is $43 and the lowest target price is $34. A total of 6 equity analysts are currently covering the company. The average price of all the analysts is $38.92 with a standard deviation of $3.93.

Methanex Corporation (NASDAQ:MEOH): The stock opened at $27.71 on Wednesday but the bulls could not build on the opening and the stock topped out at $27.93 for the day. The stock traded down to $27.19 during the day, due to lack of any buying support eventually closed down at $27.67 with a loss of -1.60% for the day. The stock had closed at $28.12 on the previous day. The total traded volume was 678,585 shares.

Also, Equity analysts at the Brokerage firm Raymond James upgrades its rating on Methanex Corporation (NASDAQ:MEOH). The rating major has initiated the coverage with strong buy rating on the shares. Earlier, the shares were rated a Outperform by the brokerage firm. The rating by the firm was issued on May 17, 2016. The company shares have dropped -43.76% from its 1 Year high price. On Jul 9, 2015, the shares registered one year high at $51.49 and the one year low was seen on Feb 3, 2016. The 50-Day Moving Average price is $31.31 and the 200 Day Moving Average price is recorded at $31.00.

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.

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