Alembic Global Stick to Their Hold Rating for Methanex Corp. By Investing.com

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Alembic Global Stick to Their Hold Rating for Methanex Corp.

Dec 07, 2020 07:16AM ET

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Alembic Global analyst Hassan Ahmed maintained a Hold rating on Methanex (NASDAQ:MEOH) Corp. on Monday, setting a price target of $40, which is approximately 6.54% below the present share price of $42.8.

Ahmed expects Methanex Corp . to post earnings per share (EPS) of -$1.15 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 $38.17.
The analysts price targets range from a high of $48 to a low of $29.

In its latest earnings report, released on 09/30/2020, the company reported a quarterly revenue of $581.26 million and a net profit of -$64.49 million. The company's market cap is $3.26 billion.

According to TipRanks.com, Alembic Global analyst Hassan Ahmed is currently ranked with 2 stars on a 0-5 stars ranking scale, with an average return of 0.8% and a 47.55% 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.

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