Jefferies (NYSE:JEF) analyst Laurence Alexander maintained a Buy rating on Methanex (NASDAQ:MEOH) Corp. on Monday, setting a price target of $56, which is approximately 23.51% above the present share price of $45.34.
Alexander expects Methanex Corp . to post earnings per share (EPS) of $1.40 for the third quarter of 2021.
The current consensus among 10 TipRanks analysts is for a Moderate Buy rating of shares in Methanex, with an average price target of $48.71.
The analysts price targets range from a high of $57.08 to a low of $39.
In its latest earnings report, released on 06/30/2021, the company reported a quarterly revenue of $1.07 billion and a net profit of $156.97 million. The company's market cap is $3.46 billion.
According to TipRanks.com, Jefferies analyst Laurence Alexander is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 10.8% and a 62.11% 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.