Methanex Corporation (NASDAQ: MEOH) was upgraded by equities research analysts at TD Securities from a “hold” rating to a “buy” rating in a research note issued to investors on Thursday. The analysts noted that the move was a valuation call.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks downgraded shares of Methanex Corporation from an “outperform” rating to a “neutral” rating in a research note to investors on Monday, May 7th. They now have a $36.00 price target on the stock. Analysts at CIBC downgraded shares of Methanex Corporation from a “sector perform” rating to an “underperform” rating in a research note to investors on Friday, April 20th.
Shares of Methanex Corporation opened at 27.62 on Thursday. Methanex Corporation has a one year low of $19.50 and a one year high of $35.52. The company has a market cap of $2.588 billion and a P/E ratio of 14.38.
Methanex Corporation (Methanex) produces and markets methanol, a chemical that is used to make a range of industrial, consumer and energy products.