Methanex (MEOH) Set to Announce Quarterly Earnings on Wednesday

Methanex (NASDAQ:MEOH) (TSE:MX) is set to post its earnings results after the market closes on Wednesday, November 6th. Analysts expect Methanex to post earnings of $0.41 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Methanex Stock Up 0.3 %

NASDAQ MEOH opened at $39.19 on Tuesday. The stock has a market capitalization of $2.64 billion, a P/E ratio of 18.23 and a beta of 1.36. Methanex has a 52 week low of $36.13 and a 52 week high of $56.43. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.87 and a current ratio of 1.25. The stock has a fifty day moving average of $41.43 and a 200-day moving average of $46.17.

Wall Street Analyst Weigh In

Several brokerages have weighed in on MEOH. Scotiabank boosted their price objective on Methanex from $58.00 to $60.00 and gave the stock a “sector outperform” rating in a report on Wednesday, July 10th. UBS Group cut their price objective on shares of Methanex from $58.00 to $54.00 and set a “buy” rating on the stock in a report on Monday, September 16th. Piper Sandler upped their target price on shares of Methanex from $51.00 to $68.00 and gave the company an “overweight” rating in a research report on Tuesday, September 10th. Raymond James cut their price target on Methanex from $62.00 to $54.00 and set an “outperform” rating on the stock in a research note on Wednesday, September 11th. Finally, Barclays cut Methanex from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $56.00 to $44.00 in a research note on Tuesday, September 10th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $55.38.

Methanex Company Profile

Methanex Corporation produces and supplies methanol in China, Europe, the United States, South America, South Korea, Canada, and Asia. The company also purchases methanol produced by others under methanol offtake contracts and on the spot market. In addition, it owns and leases storage and terminal facilities.