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, 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.

See Insiders’ Hot Stocks on TipRanks >>

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.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.

Read More on MEOH:

Tired of arriving late to the Big Returns Party?​
Most investors don’t have major gainers like TSLA or NVDA on their radar from the start.
The profusion of opinions on social media and financial blogs makes it impossible to distinguish between real growth potential and pure hype.
​​For the past decade, we have developed and perfected technology designed to help private investors, just like you, find the best opportunities, with the greatest upside potential, in any financial climate.​
Learn More