Tudor Pickering Boosts Methanex (TSE:MX) Price Target to C$61.00

Methanex (TSE:MX) (NASDAQ:MEOH) had its price objective boosted by Tudor Pickering to C$61.00 in a research note released on Tuesday morning, Stock Target Advisor reports. Tudor Pickering currently has a hold rating on the stock.

A number of other analysts also recently issued reports on the stock. TD Securities lifted their price target on shares of Methanex to C$75.00 and gave the company a buy rating in a report on Thursday, September 30th. Jefferies Financial Group assumed coverage on shares of Methanex in a report on Tuesday, September 7th. They issued a buy rating and a C$54.00 price target on the stock. CIBC reissued a hold rating and issued a C$67.00 price objective on shares of Methanex in a research note on Friday, October 29th. Raymond James reissued an outperform rating and issued a C$76.50 price objective on shares of Methanex in a research note on Thursday, October 28th. Finally, Scotiabank raised shares of Methanex to a buy rating and set a C$50.00 price target for the company in a research note on Monday, September 20th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, Methanex currently has an average rating of Buy and an average target price of C$51.86.

Shares of MX stock opened at C$56.03 on Tuesday. The company has a market capitalization of C$4.25 billion and a price-to-earnings ratio of 13.51. Methanex has a one year low of C$37.85 and a one year high of C$65.22. The company’s fifty day moving average price is C$57.02 and its 200-day moving average price is C$48.04. The company has a debt-to-equity ratio of 151.83, a current ratio of 2.17 and a quick ratio of 1.65.

Methanex (TSE:MX) (NASDAQ:MEOH) last announced its quarterly earnings data on Wednesday, October 27th. The company reported C$1.62 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of C$1.66 by C($0.04). The firm had revenue of C$1.36 billion for the quarter, compared to analysts’ expectations of C$1.30 billion. Equities research analysts expect that Methanex will post 5.7796306 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 31st. Stockholders of record on Friday, December 17th will be issued a $0.155 dividend. The ex-dividend date is Thursday, December 16th. This represents a $0.62 annualized dividend and a dividend yield of 1.11%. Methanex’s dividend payout ratio is currently 5.73%.

About Methanex

Methanex Corporation produces and supplies methanol in North America, the Asia Pacific, Europe, and South America. 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. The company owns and manages a fleet of approximately 30 ocean-going vessels.

Featured Article: Most Volatile Stocks

Analyst Recommendations for Methanex (TSE:MX)

Receive News & Ratings for Methanex Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Methanex and related companies with MarketBeat.com's FREE daily email newsletter.