Shareholder Jones Collombin Investment Counsel INC Increased Methanex Corp (MEOH) Stake

Finally, Alembic Global Advisors reissued a "buy" rating on shares of Methanex in a report on Monday, January 8th. The stock now has an average rating of "Hold" and an average price target of $59.21.

Several other research analysts have also commented on MEOH. Scotiabank reaffirmed a "hold" rating and set a $67.50 target price on shares of Methanex in a report on Thursday, February 1st. RBC Capital Markets maintained the shares of MEOH in report on Friday, October 27 with "Hold" rating.

Recently, In an analyst report issued to clients on 22 December, Methanex Corp (NASDAQ:MEOH) shares have had their Hold Rating maintained by equity research analysts at RBC Capital, who now has a $63.0 target price per share on company. As per Tuesday, October 17, the company rating was maintained by Jefferies. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, six have given a buy rating and two have assigned a strong buy rating to the stock. The firm has "Hold" rating given on Tuesday, September 22 by Zacks.

Methanex (NASDAQ:MEOH) (TSE:MX) last released its earnings results on Wednesday, January 31st. Prudential Plc who had been investing in Methanex Corp for a number of months, seems to be less bullish one the $5.42 billion market cap company.

Jones Collombin Investment Counsel Inc's holdings in Methanex Corp (MEOH) is rose by 138.08% based on its latest 2017Q4 regulatory filing with the SEC. The company has a 50 day moving average of $49.41 and a 200 day moving average of $40.91.

Analysts expect Methanex Corporation (TSE:MX) to report $2.60 EPS on April, 25.They anticipate $0.54 EPS change or 26.21% from last quarter's $2.06 EPS. During the same period in the prior year, the company earned $0.46 EPS. The company had revenue of $861.00 million for the quarter, compared to analyst estimates of $796.57 million. Methanex had a net margin of 10.34% and a return on equity of 22.72%. Methanex's quarterly revenue was up 20.9% compared to the same quarter previous year. On average, equities analysts forecast that Methanex will post $3.92 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Saturday, March 31st. Stockholders of record on Saturday, March 17th were issued a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 1.99%. The ex-dividend date was Thursday, March 15th. Methanex's payout ratio is 28.03%. The stock has "Buy" rating by Alembic on Tuesday, February 20. This buyback authorization authorizes the specialty chemicals company to purchase shares of its stock through open market purchases. Fiera Capital Corp raised its stake in shares of Methanex by 59.9% in the second quarter. This target by RBC Capital indicates the possibile downside of -5.05 % from the close price. FNY Partners Fund LP bought a new stake in shares of Methanex in the 4th quarter worth about $302,000. Legal & General Group Plc now owns 79,903 shares of the company's stock worth $2,313,000 after buying an additional 12,936 shares in the last quarter. Its up 5.48% from 58,400 shares previously.

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