Methanex Co. (NASDAQ:MEOH) had its price objective reduced by research analysts at RBC Capital from $45.00 to $34.00 in a research note issued on Saturday, StockTargetPrices.com reports. The brokerage presently has a “sector perform” rating on the stock. RBC Capital’s target price indicates a potential upside of 28.16% from the company’s current price.

Several large investors have recently bought and sold shares of the stock. CIBC World Markets boosted its stake in Methanex by 2.7% in the fourth quarter. CIBC World Markets now owns 53,339 shares of the company’s stock worth $1,761,000 after buying an additional 1,389 shares during the last quarter. Russell Frank Co boosted its stake in Methanex by 35.0% in the fourth quarter. Russell Frank Co now owns 593,068 shares of the company’s stock worth $19,861,000 after buying an additional 153,600 shares during the last quarter. Stonebridge Capital Management Inc. boosted its stake in Methanex by 1.6% in the fourth quarter. Stonebridge Capital Management Inc. now owns 9,825 shares of the company’s stock worth $325,000 after buying an additional 155 shares during the last quarter. BB&T Corp boosted its stake in Methanex by 4.0% in the fourth quarter. BB&T Corp now owns 18,848 shares of the company’s stock worth $622,000 after buying an additional 722 shares during the last quarter. Finally, Neuberger Berman Group LLC boosted its stake in Methanex by 64.9% in the fourth quarter. Neuberger Berman Group LLC now owns 2,034,169 shares of the company’s stock worth $67,148,000 after buying an additional 800,895 shares during the last quarter.

Several other equities analysts have also recently issued reports on MEOH. CIBC reduced their price target on shares of Methanex from $45.00 to $35.00 in a research report on Tuesday, January 12th. Citigroup Inc. cut their price objective on Methanex from $45.00 to $39.00 in a research report on Tuesday, January 5th. Monness Crespi & Hardt reduced their target price on Methanex from $66.00 to $48.00 in a report on Friday, October 30th. TD Securities decreased their target price on Methanex from $40.00 to $34.00 in a research report on Friday. Finally, Jefferies Group restated a “buy” rating and issued a $44.00 target price on shares of Methanex in a research note on Monday, November 30th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $40.20.

Shares of Methanex (NASDAQ:MEOH) opened at 26.52 on Friday. The stock has a market cap of $2.38 billion and a price-to-earnings ratio of 8.47. Methanex has a 1-year low of $23.08 and a 1-year high of $61.40. The firm has a 50-day moving average of $29.65 and a 200 day moving average of $38.02.

Methanex (NASDAQ:MEOH) last released its quarterly earnings data on Wednesday, January 27th. The company reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by $0.02. Equities research analysts forecast that Methanex will post $2.10 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 31st. Stockholders of record on Thursday, March 17th will be issued a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a dividend yield of 4.15%. The ex-dividend date is Tuesday, March 15th.

Methanex Corporation is a Canada-based producer and supplier of methanol to international markets in Asia Pacific, North America, Europe and South America. The Company operates three production facilities in New Zealand, which supply methanol primarily to customers in Asia Pacific. Its two plants in Trinidad, Titan and Atlas, supply methanol markets in North America, Europe, Asia Pacific and South America. Its Geismar 1 facility in Louisiana supplies to customers in the United States. The Company through a joint venture facility in Egypt, located on the Mediterranean Sea, supplies methanol markets in Europe and Asia Pacific. Its plant in Medicine Hat, Alberta, supplies methanol to customers in North America. The Punta Arenas production complex in southern Chile supplies to customers in South America.

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