Q4 2016 Earnings Estimate for Methanex Co. Issued By Raymond James Financial (MX)
Methanex Co. (TSE:MX) – Research analysts at Raymond James Financial reduced their Q4 2016 EPS estimates for Methanex in a research note issued to investors on Monday. Raymond James Financial analyst S. Hansen now forecasts that the brokerage will earn $0.10 per share for the quarter, down from their previous estimate of $0.13. Raymond James Financial also issued estimates for Methanex’s FY2017 earnings at $1.98 EPS and FY2018 earnings at $2.99 EPS.
Several other equities analysts have also recently commented on the stock. Scotiabank reissued an “outperform” rating and issued a C$35.00 price target on shares of Methanex in a research report on Tuesday, August 30th. TD Securities raised their price target on shares of Methanex from C$32.00 to C$35.00 and gave the company a “buy” rating in a research report on Friday, July 29th. Finally, Royal Bank Of Canada reissued a “sector perform” rating and issued a C$48.50 price target on shares of Methanex in a research report on Monday, June 6th.
Shares of Methanex (TSE:MX) traded down 0.59% during trading on Tuesday, reaching $45.66. 84,220 shares of the company were exchanged. Methanex has a 1-year low of $31.63 and a 1-year high of $58.66. The firm has a 50-day moving average price of $39.90 and a 200-day moving average price of $40.14. The stock has a market capitalization of $4.10 billion and a P/E ratio of 103.54.
Methanex Corporation is a producer and supplier of methanol to a range of international markets. The Company operates production sites in Canada, Chile, Egypt, New Zealand, the United States, and Trinidad and Tobago. Its global operations are supported by a global supply chain of terminals, storage facilities and a fleet of methanol ocean tankers.
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