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NASDAQ:MEOH

Methanex (MEOH) Stock Price, News & Analysis

Methanex logo
$39.17
-0.49 (-1.24%)
(As of 10/31/2024 ET)

About Methanex Stock (NASDAQ:MEOH)

Key Stats

Today's Range
$38.77
$39.63
50-Day Range
$36.58
$46.69
52-Week Range
$36.13
$56.43
Volume
223,763 shs
Average Volume
296,936 shs
Market Capitalization
$2.64 billion
P/E Ratio
18.22
Dividend Yield
1.89%
Price Target
$55.38
Consensus Rating
Moderate Buy

Company Overview

Methanex Corporation produces and supplies methanol in China, Europe, the United States, South America, South Korea, Canada, and Asia. The company also purchases methanol produced by others under methanol offtake contracts and on the spot market. In addition, it owns and leases storage and terminal facilities. The company owns and manages a fleet of approximately 30 ocean-going vessels. It serves chemical and petrochemical producers. Methanex Corporation was incorporated in 1968 and is headquartered in Vancouver, Canada.

Methanex Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
94th Percentile Overall Score

MEOH MarketRank™: 

Methanex scored higher than 94% of companies evaluated by MarketBeat, and ranked 17th out of 190 stocks in the basic materials sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Methanex has received a consensus rating of Moderate Buy. The company's average rating score is 2.63, and is based on 5 buy ratings, 3 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Methanex has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about Methanex's stock forecast and price target.
  • Earnings Growth

    Earnings for Methanex are expected to grow by 53.94% in the coming year, from $2.41 to $3.71 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Methanex is 18.22, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 135.26.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Methanex is 18.22, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 129.65.

  • Price to Book Value per Share Ratio

    Methanex has a P/B Ratio of 1.21. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Read more about Methanex's valuation and earnings.
  • Percentage of Shares Shorted

    1.04% of the float of Methanex has been sold short.
  • Short Interest Ratio / Days to Cover

    Methanex has a short interest ratio ("days to cover") of 1.9, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Methanex has recently increased by 10.06%, indicating that investor sentiment is decreasing significantly.
  • Dividend Yield

    Methanex pays a meaningful dividend of 1.88%, higher than the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    Methanex does not have a long track record of dividend growth.

  • Dividend Coverage

    The dividend payout ratio of Methanex is 34.42%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Dividend Sustainability

    Based on earnings estimates, Methanex will have a dividend payout ratio of 19.95% next year. This indicates that Methanex will be able to sustain or increase its dividend.

  • Read more about Methanex's dividend.
  • Percentage of Shares Shorted

    1.04% of the float of Methanex has been sold short.
  • Short Interest Ratio / Days to Cover

    Methanex has a short interest ratio ("days to cover") of 1.9, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Methanex has recently increased by 10.06%, indicating that investor sentiment is decreasing significantly.
  • News Sentiment

    Methanex has a news sentiment score of 0.36. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Basic Materials companies.
  • News Coverage This Week

    MarketBeat has tracked 14 news articles for Methanex this week, compared to 4 articles on an average week.
  • MarketBeat Follows

    2 people have added Methanex to their MarketBeat watchlist in the last 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Methanex insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    Only 1.00% of the stock of Methanex is held by insiders.

  • Percentage Held by Institutions

    73.49% of the stock of Methanex is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Methanex's insider trading history.
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MEOH Stock News Headlines

Methanex Secures Financing for Major Acquisition
Banking failure dead ahead
If you missed it, my emergency election broadcast is now available - but will be removed soon
Raymond James Issues Positive Estimate for Methanex Earnings
Raymond James Analysts Cut Earnings Estimates for Methanex
Barclays Sticks to Their Hold Rating for Methanex (MEOH)
See More Headlines

MEOH Stock Analysis - Frequently Asked Questions

Methanex's stock was trading at $47.36 at the beginning of the year. Since then, MEOH shares have decreased by 17.3% and is now trading at $39.17.
View the best growth stocks for 2024 here
.

Methanex Co. (NASDAQ:MEOH) issued its quarterly earnings results on Tuesday, July, 30th. The specialty chemicals company reported $0.62 EPS for the quarter, topping analysts' consensus estimates of $0.52 by $0.10. The business's revenue for the quarter was down 2.0% compared to the same quarter last year.

Methanex's top institutional investors include M&G PLC (19.09%), Dixon Mitchell Investment Counsel Inc. (1.75%), Intact Investment Management Inc. (0.36%) and Westbourne Investment Advisors Inc. (0.16%).

Shares of MEOH stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Methanex investors own include NVIDIA (NVDA), Broadcom (AVGO), Meta Platforms (META), General Electric (GE), Adobe (ADBE), AbbVie (ABBV) and Micron Technology (MU).

Company Calendar

Last Earnings
7/30/2024
Ex-Dividend for 9/30 Dividend
9/16/2024
Dividend Payable
9/30/2024
Today
10/31/2024
Next Earnings (Confirmed)
11/06/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Industrial organic chemicals
Sub-Industry
Chemicals
Current Symbol
NASDAQ:MEOH
Employees
1,451
Year Founded
1968

Price Target and Rating

Average Stock Price Target
$55.38
High Stock Price Target
$68.00
Low Stock Price Target
$44.00
Potential Upside/Downside
+39.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.63
Research Coverage
8 Analysts

Profitability

Net Income
$174.14 million
Pretax Margin
5.91%

Debt

Sales & Book Value

Annual Sales
$3.58 billion
Cash Flow
$7.92 per share
Book Value
$32.25 per share

Miscellaneous

Free Float
66,713,000
Market Cap
$2.67 billion
Optionable
Optionable
Beta
1.35

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