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 most optimistic price target was 65, which equates to a potential upside of 41 percent. The lowest price target was 36, implying potential capital losses of -21.91 percent. Note that investment analysts can be biased in their reporting on companies's ratings and price targets.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of -2.61 percent. This can be compared with the average change in earnings estimates over the past 3 months, which is -8.58 percent. Over the past 30 days, FY earnings estimates have also changed downwards by -1.8 percent. If we look at the last 90 days instead, we find a net average change of -16.59 percent in FY estimates.
People are often interested in whether analysts were united in the direction of their revisions. 0 analysts made positive revisions to their quarterly estimates over the past month, while 2 analysts revised their estimates downwards. During this time, 2 analysts made positive revisions in their estimates for this fiscal year's earnings, while 1 analysts decreased their estimates.
Analysts estimate earnings of MEOH to grow at a rate of 185.69 percent. It's possible to gain additional insight about growth valuation of a company by looking at the PEG ratio. Investors like to see smaller values for the PEG ratio, as that can indicate whether the high price level of a stock is warranted by high growth. Many investors consider PEG ratios between 0 and 1 as preferrable, but many choose to perform ratio comparisons with other companies in the industry. MEOH has a PEG ratio of 0.16.
In the trailing 52-weeks, MEOH hit 53.35 at the highest peak, while it's lowest trading point was 26.83. Currently the stock is 71.82 percent higher than its low, and 13.59 percent below the high. 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 market cap of MEOH is $4.03 billion. MEOH will post this quarters earnings in days, on 0000-00-00.