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.
Several price targets were given for MEOH by the analysts covering the stock. The most optimistic analyst gave a price target of 65, implying potential capital gains of 41 percent. The most pessimistic analyst gave a price target of 36, implying a possible loss of -21.91 percent. It is advisable to not rely only on price targets or ratings, as these can be biased for some stocks.
In the last 30 days, analysts have changed their quarterly earnings estimates downwards by an average 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. Meanwhile, fiscal year estimates have been revised downwards by -1.8 percent, compared to last month. 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. Over the past month, 0 analysts increased their quarterly estimates, which can be compared to the 2 analysts that decreased their estimates. During this time, 2 analysts made positive revisions in their estimates for this fiscal year's earnings, while 1 analysts made negative revisions to their fiscal year's estimates.
The growth rate of MEOH's earnings is estimated by analysts to be 185.69 percent. People on Wall Street often look at a company's PEG ratio. A lower PEG ratio is favorable, as that can indicate whether the high price level of a stock is warranted by high growth. PEG ratios below 1 are often considered desirable, even though it may be more relevant to compare the ratio to that of a firm's competitors. 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. Today's price is 71.82 percent above the 52-week low, and 13.59 percent below the 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 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.