Alembic Global analyst Hassan Ahmed maintained a Hold rating on Methanex (NASDAQ:MEOH) Corp. on Wednesday, setting a price target of $25, which is approximately 18.17% below the present share price of $30.55.
Ahmed expects Methanex Corp . to post earnings per share (EPS) of -$0.85 for the fourth quarter of 2020.
The current consensus among 7 TipRanks analysts is for a Moderate Buy rating of shares in Methanex, with an average price target of $29.86.
The analysts price targets range from a high of $36 to a low of $23.
In its latest earnings report, released on 06/30/2020, the company reported a quarterly revenue of $512.29 million and a net profit of -$63.53 million. The company's market cap is $2.33 billion.
According to TipRanks.com, Alembic Global analyst Hassan Ahmed is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -5.7% and a 41.70% success rate.
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.