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.
Many analysts weighed in on price targets for MEOH. The highest price target was 65, which equates to a potential upside of 41 percent. The most pessimistic analyst gave a price target of 36, which equates to a potential downside of -21.91 percent. Many analysts are not unbiased in their coverage of stocks, including price targets and stock ratings, so care must be taken in interpreting numbers released by them.
Analysts have revised their earnings estimates downwards for this quarter, by about -2.61 percent on average, compared to last month. This can be compared with the average change in earnings estimates over the past 3 months, which is -8.58 percent. Meanwhile, fiscal year estimates have been revised downwards by -1.8 percent, compared to last month. If we look at the last 90 days instead, we find a net average change of -16.59 percent in FY estimates.
Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 0 analysts made positive revisions to their quarterly estimates over the past month, 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.
Analysts estimate earnings of MEOH to grow at a rate of 185.69 percent. Another measure frequently examined by investors is the PEG ratio. A lower PEG ratio is favorable, because that is often interpreted as the company being fairly priced relative to its growth rate. Many investors consider PEG ratios between 0 and 1 as preferrable, though it could be better to see where the ratio stands relative to peers 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. The current market price is above the trailing year's low by 71.82 percent, and 13.59 percent lower than its 52-week high. MEOH has a P/E 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 market cap of MEOH is $4.03 billion. MEOH will post this quarters earnings in days, on 0000-00-00.