Methanex Co. (TSE:MX) – Analysts at Raymond James Financial dropped their Q3 2016 earnings per share estimates for Methanex in a report released on Monday. Raymond James Financial analyst S. Hansen now anticipates that the firm will post earnings per share of ($0.21) for the quarter, down from their prior estimate of ($0.13). Raymond James Financial also issued estimates for Methanex’s FY2016 earnings at ($0.92) EPS, Q1 2017 earnings at $0.42 EPS, Q2 2017 earnings at $0.18 EPS, Q3 2017 earnings at $0.51 EPS and Q4 2017 earnings at $0.85 EPS.

A number of other equities analysts also recently weighed in on MX. Scotiabank reaffirmed an “outperform” rating and set a C$35.00 price target on shares of Methanex in a research note on Tuesday, August 30th. TD Securities increased their price target on shares of Methanex from C$32.00 to C$35.00 and gave the stock a “buy” rating in a research note on Friday, July 29th.

Methanex (TSE:MX) traded up 2.60% during mid-day trading on Wednesday, hitting $46.18. 90,420 shares of the stock traded hands. The stock’s 50 day moving average is $40.11 and its 200-day moving average is $40.14. Methanex has a 12 month low of $31.63 and a 12 month high of $58.66. The company has a market cap of $4.15 billion and a price-to-earnings ratio of 104.72.

Methanex Company Profile

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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