Methanex (NASDAQ:MEOH) PT Set at $45.00 by Raymond James Financial

Methanex (NASDAQ:MEOH - Get Free Report) TSE: MX received a $45.00 price objective from equities researchers at Raymond James Financial in a research note issued on Tuesday, Marketbeat Ratings reports. The firm presently has an "outperform" rating on the specialty chemicals company's stock. Raymond James Financial's price target indicates a potential upside of 33.41% from the stock's current price. Raymond James Financial also issued estimates for Methanex's Q2 2025 earnings at $0.40 EPS, Q3 2025 earnings at $0.72 EPS, Q4 2025 earnings at $1.27 EPS, FY2025 earnings at $3.69 EPS and FY2026 earnings at $4.20 EPS.

MEOH has been the topic of several other reports. Royal Bank Of Canada decreased their price objective on shares of Methanex from $55.00 to $50.00 and set a "sector perform" rating on the stock in a research report on Friday, May 2nd. Piper Sandler set a $48.00 price objective on shares of Methanex and gave the company an "overweight" rating in a research report on Sunday, May 18th. Scotiabank upgraded shares of Methanex from a "sector perform" rating to a "sector outperform" rating and set a $53.00 price objective on the stock in a research report on Monday, May 5th. Wall Street Zen downgraded shares of Methanex from a "buy" rating to a "hold" rating in a research report on Thursday, May 1st. Finally, Barclays decreased their price objective on shares of Methanex from $57.00 to $41.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 1st. Four investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Methanex has a consensus rating of "Moderate Buy" and a consensus target price of $45.63.

Methanex Stock Performance

MEOH traded down $0.35 during trading on Tuesday, hitting $33.73. The company's stock had a trading volume of 326,653 shares, compared to its average volume of 459,867. The company has a quick ratio of 2.52, a current ratio of 3.17 and a debt-to-equity ratio of 0.94. Methanex has a one year low of $25.46 and a one year high of $54.49. The firm has a market cap of $2.61 billion, a PE ratio of 11.32 and a beta of 0.92. The business's 50 day simple moving average is $34.00 and its 200-day simple moving average is $38.15.

Methanex (NASDAQ:MEOH - Get Free Report) TSE: MX last released its quarterly earnings results on Wednesday, April 30th. The specialty chemicals company reported $1.30 earnings per share for the quarter, topping the consensus estimate of $1.25 by $0.05. Methanex had a net margin of 6.00% and a return on equity of 12.45%. The business had revenue of $857.90 million for the quarter, compared to the consensus estimate of $1.06 billion. During the same period last year, the firm earned $0.65 earnings per share. The company's quarterly revenue was down 2.2% on a year-over-year basis. As a group, sell-side analysts predict that Methanex will post 4.32 EPS for the current fiscal year.

Hedge Funds Weigh In On Methanex

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Addenda Capital Inc. grew its stake in shares of Methanex by 27.3% in the 2nd quarter. Addenda Capital Inc. now owns 203,000 shares of the specialty chemicals company's stock worth $6,719,000 after buying an additional 43,532 shares in the last quarter. Fort Washington Investment Advisors Inc. OH grew its stake in shares of Methanex by 8.6% in the 2nd quarter. Fort Washington Investment Advisors Inc. OH now owns 31,309 shares of the specialty chemicals company's stock worth $1,036,000 after buying an additional 2,480 shares in the last quarter. Value Partners Investments Inc. grew its stake in shares of Methanex by 150.1% in the 2nd quarter. Value Partners Investments Inc. now owns 19,272 shares of the specialty chemicals company's stock worth $637,000 after buying an additional 11,567 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Methanex in the 2nd quarter worth $33,000. Finally, Acadian Asset Management LLC grew its stake in shares of Methanex by 225,333.3% in the 1st quarter. Acadian Asset Management LLC now owns 33,815 shares of the specialty chemicals company's stock worth $1,183,000 after buying an additional 33,800 shares in the last quarter. 73.49% of the stock is owned by hedge funds and other institutional investors.

About Methanex

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.