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UBS Reaffirms Their Buy Rating on Methanex (MEOH)

Tipranks - Sat Aug 1, 7:18AM CDT

In a report released today, Joshua Spector from UBS maintained a Buy rating on Methanex, with a price target of $71.00.

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According to TipRanks, Spector is a 4-star analyst with an average return of 2.6% and a 51.81% success rate. Spector covers the Basic Materials sector, focusing on stocks such as Ecolab, Solstice Advanced Materials, Inc., and RPM International.

In addition to UBS, Methanex also received a Buy from Scotiabank’s Ben Isaacson in a report issued yesterday. However, on the same day, J.P. Morgan maintained a Hold rating on Methanex (NASDAQ: MEOH).

Based on Methanex’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of C$1.36 billion and a net profit of C$192.73 million. In comparison, last year the company earned a revenue of C$796.51 million and had a net profit of C$64.41 million

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