Analyst Ratings for Methanex Corp. (MEOH)Updated: 2017-07-26
Shares of Methanex Corp. (NASDAQ:MEOH) have received a consensus rating of Overweight from Wall Street analysts. A consensus rating of Overweight was previously issued for MEOH last month.
A buy rating was issued by 7 analysts, 1 issued an overweight rating, 4 gave a hold rating, 1 gave an underweight rating, and 1 issued a sell rating. Compared to three months ago, there has been an increase of 0 in the number of analysts with a positive outlook on the stock. During this time, the number of analysts bearish on the stock has increased by 1.
Investment analysts gave a few price targets for MEOH. The most optimistic price target was 65, implying potential capital gains of 41 percent. The lowest price target was 36, which equates to a potential downside of -21.91 percent. It is crucial to not blindly accept any price targets or stock ratings, because many analysts have it in their best interest to give positive coverage of certain stocks.
Analysts have revised their earnings estimates downwards for this quarter, by about -2.61 percent on average, compared to last month. That number becomes -8.58 percent if we expand the time horizon to include the past 3 months instead of just one. Over the past 30 days, FY earnings estimates have also changed downwards by -1.8 percent. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes -16.59 percent.
Another thing investors often look at is the level of agreement among analysts' revisions. 0 analysts have revised their quarterly estimates upwards in the past 30 days, while 2 analysts made negative revisions. Over the same time period, 2 analysts revised their FY earnings estimates upwards, while 1 analysts made negative revisions to their fiscal year's estimates.
MEOH has an estimated earnings growth rate of 185.69 percent as forecasted by analysts. Another measure frequently examined by investors is the PEG ratio. Smaller PEG ratios are desirable, because that is often interpreted as the company being fairly priced relative to its growth rate. PEG ratios below 1 are often considered desirable, but many choose to perform ratio comparisons with other companies in the industry. The PEG ratio of MEOH is 0.16.
MEOH has a 52-week high of 53.35 and a 52-week low of 26.83. Currently the stock is 71.82 percent higher than its low, and below the high by 13.59 percent. MEOH has a price/earnings ratio of 29.94. Investors typically compare the P/E ratio to a company's peers in the industry. The MEOH value stock report compares MEOH to some of its peers using value stock charts. The stock has a market capitalization of $4.03 billion. MEOH is estimated to release their earnings results for the quarter on 0000-00-00, days from today.