Analyst Rating Update on Methanex Corporation (MEOH)

Methanex Corporation (NASDAQ:MEOH) has an average broker rating of 1.67, which is interpreted as a Buy, as rated by 6 equity analysts. Nonetheless, 4 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 2 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 5, which is also a Strong Sell.

Methanex Corporation (NASDAQ:MEOH) : The highest level Methanex Corporation (NASDAQ:MEOH) is projected to reach is $43 for the short term and the lowest estimate is at $34. The consolidated price target from 6 rating analysts who initiate coverage on the stock is $38.92 and the possibility the share price can swing is $3.93.

For the current week, the company shares have a recommendation consensus of Buy. Also, Brokerage firm Raymond James upgrades its rating on Methanex Corporation (NASDAQ:MEOH). The shares have been rated Strong Buy. Previously, the analysts had a Outperform rating on the shares. The rating by the firm was issued on May 17, 2016.

Methanex Corporation (NASDAQ:MEOH): stock turned positive on Tuesday. Though the stock opened at $28.69, the bulls momentum made the stock top out at $29.51 level for the day. The stock recorded a low of $28.39 and closed the trading day at $29.18, in the green by 4.33%. The total traded volume for the day was 1,539,612. The stock had closed at $27.97 in the previous days trading.

Methanex Corporation is a Canada-based producer and supplier of methanol to international markets in Asia Pacific, North America, Europe and South America. The Company operates three production facilities in New Zealand, which supply methanol primarily to customers in Asia Pacific. Its two plants in Trinidad, Titan and Atlas, supply methanol markets in North America, Europe, Asia Pacific and South America. Its Geismar 1 facility in Louisiana supplies to customers in the United States. The Company through a joint venture facility in Egypt, located on the Mediterranean Sea, supplies methanol markets in Europe and Asia Pacific. Its plant in Medicine Hat, Alberta, supplies methanol to customers in North America. The Punta Arenas production complex in southern Chile supplies to customers in South America.

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