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Raymond James Sticks to Its Hold Rating for Methanex (MEOH)

In a report released yesterday, Steve Hansen from Raymond James reiterated a Hold rating on Methanex (MEOHResearch Report), with a price target of C$66.00. The company’s shares closed last Thursday at $46.68.

According to TipRanks.com, Hansen is ranked #3879 out of 7757 analysts.

Methanex has an analyst consensus of Moderate Buy, with a price target consensus of $50.15, implying a 14.1% upside from current levels. In a report issued on January 26, Alembic Global also maintained a Hold rating on the stock with a $40.00 price target.

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Based on Methanex’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $1.08 billion and net profit of $70.53 million. In comparison, last year the company earned revenue of $581 million and had a GAAP net loss of $87.88 million.

Based on the recent corporate insider activity of 31 insiders, corporate insider sentiment is neutral on the stock.

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Methanex Corp. is a producer and supplier of methanol. It operates the methanol ocean tanker fleet. The company was founded on March 11, 1968 and is headquartered in Vancouver, Canada.

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