Methanex (MEOH) Earning Somewhat Positive News Coverage, Analysis Shows
News coverage about Methanex (NASDAQ:MEOH) (TSE:MX) has been trending somewhat positive on Tuesday, according to Accern Sentiment Analysis. Accern rates the sentiment of news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Methanex earned a news sentiment score of 0.04 on Accern’s scale. Accern also assigned media headlines about the specialty chemicals company an impact score of 45.2207751193625 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the media headlines that may have effected Accern Sentiment’s analysis:
- Methanex (MEOH) Price Target Raised to $70.00 at Scotiabank (americanbankingnews.com)
- Global Renewable Methanol Market 2018 Share and Forecast 2025: Methanex, Chemrec, BioMCN, Enerkem (thebiotechnologynews.com)
- Last Week Methanex Corporation (NASDAQ:MEOH) Ratings (usindexlive.com)
- Summary of Methanex Corporation (NASDAQ:MEOH) Ratings as of Jun 3, 2018 (westmorelandtimes.com)
- Methanex Corporation (TSX:MX) Stock Update & Valuation Review (parkcitycaller.com)
Shares of NASDAQ MEOH opened at $68.75 on Tuesday. Methanex has a fifty-two week low of $39.47 and a fifty-two week high of $71.60. The stock has a market capitalization of $5.72 billion, a P/E ratio of 14.60, a price-to-earnings-growth ratio of 0.88 and a beta of 1.65. The company has a current ratio of 1.75, a quick ratio of 1.29 and a debt-to-equity ratio of 0.78.
The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, June 30th. Investors of record on Saturday, June 16th will be paid a $0.33 dividend. The ex-dividend date is Thursday, June 14th. This represents a $1.32 dividend on an annualized basis and a yield of 1.92%. Methanex’s dividend payout ratio is 28.03%.
Methanex declared that its board has approved a share repurchase plan on Monday, March 5th that permits the company to buyback 6,590,000 shares. This buyback authorization permits the specialty chemicals company to repurchase shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board of directors believes its shares are undervalued.
MEOH has been the subject of several research reports. ValuEngine cut Methanex from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, May 2nd. BidaskClub lowered Methanex from a “strong-buy” rating to a “buy” rating in a report on Saturday, April 28th. TD Securities boosted their price target on Methanex from $68.00 to $69.00 and gave the company a “hold” rating in a report on Wednesday, April 11th. Zacks Investment Research lowered Methanex from a “buy” rating to a “hold” rating in a report on Tuesday, May 22nd. Finally, Cowen lifted their target price on Methanex from $69.00 to $75.00 and gave the company an “outperform” rating in a research report on Tuesday, April 17th. One analyst has rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the stock. Methanex presently has a consensus rating of “Hold” and an average price target of $65.46.
Methanex Corporation produces and sells methanol in North America, the Asia Pacific, Europe, and South America. It also purchases and sells methanol produced by others under methanol offtake contracts and on the spot market. The company was founded in 1968 and is headquartered in Vancouver, Canada.
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