Methanex (NASDAQ:MEOH – Free Report) (TSE:MX) had its price objective boosted by Barclays from $44.00 to $46.00 in a research note released on Monday morning,Benzinga reports. The firm currently has an equal weight rating on the specialty chemicals company’s stock.
A number of other equities research analysts also recently commented on the stock. StockNews.com raised shares of Methanex from a “hold” rating to a “buy” rating in a research report on Friday. Raymond James decreased their price objective on Methanex from $62.00 to $54.00 and set an “outperform” rating on the stock in a research report on Wednesday, September 11th. Piper Sandler raised their price target on Methanex from $51.00 to $68.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 10th. Royal Bank of Canada restated a “sector perform” rating and set a $55.00 price objective on shares of Methanex in a research note on Tuesday, September 3rd. Finally, UBS Group dropped their target price on Methanex from $54.00 to $53.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $55.50.
View Our Latest Report on MEOH
Methanex Price Performance
Institutional Investors Weigh In On Methanex
A number of hedge funds and other institutional investors have recently made changes to their positions in MEOH. Headlands Technologies LLC raised its holdings in Methanex by 346.5% in the first quarter. Headlands Technologies LLC now owns 902 shares of the specialty chemicals company’s stock valued at $40,000 after buying an additional 700 shares during the period. Blue Trust Inc. increased its stake in shares of Methanex by 52,500.0% in the second quarter. Blue Trust Inc. now owns 1,578 shares of the specialty chemicals company’s stock valued at $70,000 after purchasing an additional 1,575 shares during the period. EverSource Wealth Advisors LLC boosted its position in Methanex by 572.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,910 shares of the specialty chemicals company’s stock worth $93,000 after acquiring an additional 1,626 shares during the period. Squarepoint Ops LLC bought a new position in Methanex in the 2nd quarter valued at about $201,000. Finally, Value Partners Investments Inc. lifted its position in Methanex by 10.4% in the third quarter. Value Partners Investments Inc. now owns 5,642 shares of the specialty chemicals company’s stock worth $233,000 after purchasing an additional 532 shares during the period. Hedge funds and other institutional investors own 73.49% of the company’s stock.
Methanex Company Profile
Methanex Corporation produces and supplies methanol in China, Europe, the United States, South America, South Korea, Canada, and Asia. The company also purchases methanol produced by others under methanol offtake contracts and on the spot market. In addition, it owns and leases storage and terminal facilities.
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