According to The Fly, methanex (MX), the Consumer Goods company, has been an analyst favorite lately, with several positive ratings in a row that it received in the past month alone. Analyst Laurence Alexander from Jefferies rated Methanex (MX) a Buy yesterday.
According to TipRanks.com, Alexander is a 5-star analyst with an average return of 11.9% and a 60.6% success rate. Alexander covers the Consumer Goods sector, focusing on stocks such as Sociedad Quimica Y Minera SA, GCP Applied Technologies, and Axalta Coating Systems.
Methanex has an analyst consensus of Strong Buy.
Based on Methanex’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of C$167 million. In comparison, last year the company had a net profit of C$40.59 million.
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.
The company’s shares closed on Wednesday at C$80.
