Raymond James downgraded shares of Methanex (TSE:MX) to a market perform rating in a report issued on Tuesday, AnalystRatings.Net reports.
Raymond James has also updated their ratings on a number of other stocks in the last week. The firm downgraded shares of Methanex Corporation from an outperform rating to a market perform rating. Their analysts now have a $68.00 price target on that stock. Also, Raymond James raised its price target on shares of Energy Transfer from $72.00 to $83.00. Finally, Raymond James initiated coverage on shares of Agrium. They issued an outperform rating on that stock and set a $106.00 price target.
A number of other firms have also recently commented on MX. Analysts at Monness Crespi & Hardt raised their price target on shares of Methanex from C$65.00 to C$70.00 in a research note to investors on Friday, November 15th. They now have a buy rating on the stock. Separately, analysts at Scotiabank raised their price target on shares of Methanex from C$57.00 to C$61.00 in a research note to investors on Friday, November 1st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of Hold and a consensus target price of C$58.38.
Shares of Methanex (TSE:MX) traded up 0.66% during mid-day trading on Tuesday, hitting $65.22. The stock had a trading volume of 213,264 shares. Methanex has a 52-week low of $29.44 and a 52-week high of $68.04. The stock has a 50-day moving average of $61.00 and a 200-day moving average of $51.34. The company has a market cap of $6.241 billion and a P/E ratio of 104.50.
Methanex Corporation (TSE:MX) is a supplier of methanol to international markets in Asia Pacific, North America, Europe and Latin America.
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