Headlines about Methanex Corporation (NASDAQ:MEOH) (TSE:MX) have been trending positive recently, according to Accern Sentiment. The research group scores the sentiment of press coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Methanex Corporation earned a daily sentiment score of 0.27 on Accern’s scale. Accern also gave media headlines about the specialty chemicals company an impact score of 46.1903762645538 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the news stories that may have effected Accern’s analysis:
- Gold Fields Limited (GFI) has a value of $4.27 per share While Methanex Corporation (MEOH) is stand at $52.25 – Stocks Gallery (stocksgallery.com)
- Methanex Corporation (MEOH) PT Raised to $71.00 at TD Securities (americanbankingnews.com)
- Methanex Corporation (MEOH) Given Consensus Rating of “Hold” by Analysts (americanbankingnews.com)
- Zacks: Analysts Anticipate Methanex Co. (MEOH) to Post $0.54 Earnings Per Share (americanbankingnews.com)
- Methanex Corporation (NASDAQ:MEOH) Closed 13.8% Above Its 50 Day Average – First News 24 (firstnewspaper24.com)
A number of brokerages recently commented on MEOH. BidaskClub upgraded Methanex Corporation from a “strong sell” rating to a “sell” rating in a report on Wednesday, June 14th. Citigroup Inc. restated a “neutral” rating and set a $45.00 target price (down from $50.00) on shares of Methanex Corporation in a report on Thursday, June 1st. Jefferies Group LLC raised their target price on Methanex Corporation to $60.00 and gave the company a “buy” rating in a report on Tuesday, September 12th. Cowen and Company set a $60.00 target price on Methanex Corporation and gave the company a “buy” rating in a report on Friday, July 28th. Finally, BMO Capital Markets restated a “buy” rating on shares of Methanex Corporation in a report on Friday, June 30th. Four research analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $57.93.
Shares of Methanex Corporation (MEOH) opened at 52.00 on Thursday. Methanex Corporation has a 52-week low of $29.03 and a 52-week high of $53.35. The firm has a 50-day moving average price of $47.37 and a 200-day moving average price of $45.19. The firm has a market cap of $4.48 billion, a price-to-earnings ratio of 20.23 and a beta of 1.74.
Methanex Corporation (NASDAQ:MEOH) (TSE:MX) last issued its earnings results on Wednesday, July 26th. The specialty chemicals company reported $0.85 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.08 by ($0.23). Methanex Corporation had a return on equity of 12.43% and a net margin of 8.92%. The company had revenue of $669.00 million during the quarter, compared to analysts’ expectations of $772.41 million. During the same period in the previous year, the company earned ($0.34) EPS. Methanex Corporation’s quarterly revenue was up 42.9% on a year-over-year basis. Analysts predict that Methanex Corporation will post $3.93 EPS for the current fiscal year.
Methanex Corporation announced that its Board of Directors has authorized a stock buyback program on Wednesday, July 26th that authorizes the company to repurchase 1,660,000 shares. This repurchase authorization authorizes the specialty chemicals company to buy shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its shares are undervalued.
The business also recently announced a quarterly dividend, which will be paid on Saturday, September 30th. Stockholders of record on Saturday, September 16th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.31%. The ex-dividend date is Thursday, September 14th. Methanex Corporation’s payout ratio is 47.81%.
About Methanex Corporation
Methanex Corp is a Canada-based 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, as well as 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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