Methanex (MEOH) Stock Forecast & Price Target

$39.17

-0.49 (-1.24%)

(As of 10/31/2024 ET)

Methanex - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy

Based on 8 Analyst Ratings

Sell
0

Hold
3

Buy
5

Based on 8 Wall Street analysts who have issued ratings for Methanex in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 8 analysts, 3 have given a hold rating, and 5 have given a buy rating for MEOH.

Consensus Price Target

$55.38
41.37% Upside

According to the 8 analysts' twelve-month price targets for Methanex, the average price target is $55.38. The highest price target for MEOH is $68.00, while the lowest price target for MEOH is $44.00. The average price target represents a forecasted upside of 41.37% from the current price of $39.17.

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MEOH Analyst Ratings Over Time

Type	Current Forecast 11/1/23 to 10/31/24	1 Month Ago 10/2/23 to 10/1/24	3 Months Ago 8/3/23 to 8/2/24	1 Year Ago 11/1/22 to 11/1/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	5 Buy rating(s)	5 Buy rating(s)	5 Buy rating(s)	8 Buy rating(s)
Hold	3 Hold rating(s)	3 Hold rating(s)	3 Hold rating(s)	3 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$55.38	$55.38	$56.63	$54.55
Forecasted Upside	41.37% Upside	31.72% Upside	31.59% Upside	30.15% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

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MEOH Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

MEOH Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Methanex Stock vs. The Competition

Type	Methanex	Basic Materials Companies	S&P 500
Consensus Rating Score	2.63	2.75	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Hold
Predicted Upside	41.37% Upside	108.45% Upside	10.62% Upside
News Sentiment Rating	Neutral News See Recent MEOH News	Neutral News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
9/16/2024	UBS Group 4 of 5 stars		Lower Target	Buy ➝ Buy	$58.00 ➝ $54.00	+40.77%
9/11/2024	Raymond James 4 of 5 stars		Lower Target	Outperform ➝ Outperform	$62.00 ➝ $54.00	+46.66%
9/10/2024	Piper Sandler 2 of 5 stars	C. Neivert Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Overweight ➝ Overweight	$51.00 ➝ $68.00	+80.85%
9/10/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating	M. Leithead Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Overweight ➝ Equal Weight	$56.00 ➝ $44.00	+12.53%
9/3/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Sector Perform ➝ Sector Perform	$55.00 ➝ $55.00	+20.40%
7/10/2024	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Sector Outperform ➝ Sector Outperform	$58.00 ➝ $60.00	+22.30%
Get the Latest News and Ratings for MEOH and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Methanex and its competitors with MarketBeat's FREE daily newsletter.
6/10/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy	$56.00 ➝ $60.00	+17.51%
1/10/2024	CIBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral	$46.00 ➝ $48.00	+7.53%
3/13/2023	Alembic Global Advisors Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Overweight	$40.00 ➝ $60.00	+25.34%
2/6/2023	Tudor Pickering Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy	$60.00	+19.31%
2/6/2023	Tudor, Pickering, Holt & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy	$60.00	+19.31%
2/6/2023	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	$60.00 ➝ $65.00	+29.25%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 08:30 PM ET.

MEOH Forecast - Frequently Asked Questions

: According to the research reports of 8 Wall Street equities research analysts, the average twelve-month stock price forecast for Methanex is $55.38, with a high forecast of $68.00 and a low forecast of $44.00.
: 8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Methanex in the last twelve months. There are currently 3 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" MEOH shares.
: According to analysts, Methanex's stock has a predicted upside of 41.37% based on their 12-month stock forecasts.
: Over the previous 90 days, Methanex's stock had 1 upgrade and 1 downgrade by analysts.
: Methanex has been rated by research analysts at Barclays, Piper Sandler, Raymond James, Royal Bank of Canada, and UBS Group in the past 90 days.
: Analysts like Methanex less than other "basic materials" companies. The consensus rating score for Methanex is 2.63 while the average consensus rating score for "basic materials" companies is 2.75. Learn more on how MEOH compares to other companies.

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This page (NASDAQ:MEOH) was last updated on 10/31/2024 by MarketBeat.com Staff

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Methanex (MEOH) Stock Forecast & Price Target