For its second fiscal quarter (ending June 30), Methanex Corp (NASDAQ: MEOH) has reported E.P.S. of $0.52 compared to $0.84 a year ago. For the latest four quarters through June 30, E.P.S. were $2.16 versus $3.29 for the same period a year ago.
Recent Price Action
Methanex Corp (NASDAQ: MEOH) stock declined modestly by -1.9% on 7/30/24. The stock closed at $46.68. Moreover, above average trading volume at 130% of normal accompanied the decline. The stock has been strong relative to the market over the last nine months but has declined -5.9% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, MEOH is expected to continue to be an important Value Builder.
Methanex has a current Value Trend Rating of B (Positive). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. Methanex has a slightly positive Power Rating of 61 and a slightly positive Appreciation Score of 67, resulting in the Positive Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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