Stock To Watch: Methanex Corporation (NASDAQ:MEOH)


The leading market experts have placed a mean price target of $40.29 on Methanex Corporation (NASDAQ:MEOH) stock. This price level, which is estimated to be attained in one-year indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.14 a share for the upcoming quarter and $0.10 for the current fiscal. Technical View The technical analysis of Methanex Corporation plainly substantiates that the 50-day moving average of Methanex Corporation is $31.76, and stock is hovering -0.92 or -2.90% distant from $31.76. It is noted that the 200-day MA is $31.64, and Methanex Corporation stock is $-0.80 or -2.52% off from this point. Methanex Corporation (NASDAQ:MEOH) 52-week high is $57.72 and the 52-week low is $22.73. This explains if the stock moves $-26.88, it will post a 52-week high. In event of $+35.68% points decline, a 52-week low will be hit. Taking the Valuation Aspect To emphasize the valuation of Methanex Corporation, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Methanex Corporation (NASDAQ:MEOH) ratio came in at 18.44. The stock last ended the trading session at $30.84 and registered a market cap of $2.77B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Methanex Corporation (NASDAQ:MEOH) PEG ratio is at 23.72.

1 Chart Pattern Every Investor Should Know

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