.png "Methanex Corp (NASDAQ: MEOH)")
In a report released today, Hassan Ahmed from Alembic Global maintained a Hold rating on Methanex Corp (MEOH), with a price target of $55. The company’s shares opened today at $54.05.
Ahmed commented:
“We expect Methanex shares to trade lower today on the earnings miss.”
According to TipRanks.com, Ahmed has 0 stars on 0-5 star ranking scale with an average return of -6.3% and a 36.1% success rate. Ahmed covers the Consumer Goods sector, focusing on stocks such as Westlake Chemical Corp, Venator Materials Plc, and LyondellBasell.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Methanex Corp with a $69.83 average price target.
See today’s analyst top recommended stocks >>
Based on Methanex Corp’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $128 million. In comparison, last year the company had a net profit of $68.04 million.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Methanex Corp. is a producer and supplier of methanol. The company through its subsidiary, Waterfront Shipping Co. Ltd. operates the methanol ocean tanker fleet. Methanex was founded on March 11, 1968 and is headquartered in Vancouver, Canada.
