Citigroup Has Just Reaffirmed $84 Target Price Per Share on Methanex (NASDAQ:MEOH) stock, While They’ve Also Reiterated Their Neutral Rating

October 11, 2018 - By Darrin Black

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Methanex (NASDAQ:MEOH) Rating Reaffirmed

Citigroup now has a $84 target price on shares of Methanex (NASDAQ:MEOH). The target price would indicate a potential upside of 12.01 % from the stock close price of Methanex (NASDAQ:MEOH). This rating was revealed to investors in a research note on Thursday morning.

Methanex Corporation (NASDAQ:MEOH) Ratings Coverage

Among 6 analysts covering Methanex Corp (NASDAQ:MEOH), 3 have Buy rating, 0 Sell and 3 Hold. Therefore 50% are positive. Methanex Corp has $90 highest and $7000 lowest target. $80’s average target is 6.68% above currents $74.99 stock price. Methanex Corp had 6 analyst reports since April 17, 2018 according to SRatingsIntel. The rating was maintained by RBC Capital Markets on Thursday, April 26 with “Hold”. The stock has “Outperform” rating by Raymond James on Thursday, September 13. The firm earned “Buy” rating on Friday, June 8 by Jefferies. Citigroup maintained it with “Neutral” rating and $75 target in Wednesday, July 11 report. Cowen & Co maintained Methanex Corporation (NASDAQ:MEOH) on Tuesday, April 17 with “Buy” rating.

The stock increased 0.40% or $0.3 during the last trading session, reaching $74.99. About 346,899 shares traded. Methanex Corporation (NASDAQ:MEOH) has risen 40.75% since October 11, 2017 and is uptrending. It has outperformed by 25.13% the S&P500.

Analysts await Methanex Corporation (NASDAQ:MEOH) to report earnings on October, 24. They expect $2.01 earnings per share, up 235.00 % or $1.41 from last year’s $0.6 per share. MEOH’s profit will be $158.65 million for 9.33 P/E if the $2.01 EPS becomes a reality. After $1.75 actual earnings per share reported by Methanex Corporation for the previous quarter, Wall Street now forecasts 14.86 % EPS growth.

Methanex Corporation produces and supplies methanol in North America, the Asia Pacific, Europe, and South America. The company has market cap of $5.92 billion. It also purchases methanol produced by others under methanol offtake contracts and on the spot market. It has a 16.5 P/E ratio.

Methanex Corporation (NASDAQ:MEOH) Ratings Chart

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