Methanex Corporation (NASDAQ: MEOH) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a research note issued to investors on Monday. They currently have a $36.00 price target on the stock.
Several other analysts have also recently commented on the stock. Analysts at CIBC downgraded shares of Methanex Corporation from a “sector perform” rating to an “underperform” rating in a research note to investors on Friday, April 20th. Analysts at Scotia Capital initiated coverage on shares of Methanex Corporation in a research note to investors on Friday, February 24th. They set an “outperform” rating on the stock.
Shares of Methanex Corporation traded down 1.68% during mid-day trading on Monday, hitting $31.05. Methanex Corporation has a one year low of $19.50 and a one year high of $35.52. The company has a market cap of $2.910 billion and a P/E ratio of 16.44.
Methanex Corporation (Methanex) produces and markets methanol, a chemical that is used to make a range of industrial, consumer and energy products.