Methanex (TSE:MX) Stock Price Up 9.6% - What's Next?

Key Points

• Shares jumped 9.6% to C$74.00 on Monday, trading about 147,008 shares (≈41% below average) and closing well above its 50‑day (C$65.02) and 200‑day (C$56.51) moving averages.
• Analyst sentiment is mixed after recent downgrades; the stock's consensus is a Moderate Buy with an average price target of C$50.00.
• Recent fundamentals show a quarterly EPS loss of C($0.19) on C$1.28B revenue, a low net margin (2.19%) and a high debt‑to‑equity ratio (143.59), with a market cap of C$5.64B and a trailing P/E of 24.48.

Methanex Co. (TSE:MX - Get Free Report) NASDAQ: MEOH's share price traded up 9.6% on Monday . The company traded as high as C$74.00 and last traded at C$74.00. 147,008 shares changed hands during mid-day trading, a decline of 41% from the average session volume of 247,340 shares. The stock had previously closed at C$67.53.

Analyst Upgrades and Downgrades

Several research firms recently commented on MX. Canadian Imperial Bank of Commerce lowered Methanex from a "strong-buy" rating to a "hold" rating in a research report on Friday, February 6th. Scotiabank lifted their target price on Methanex from C$48.00 to C$60.00 in a report on Wednesday, January 21st. Finally, Raymond James Financial lowered Methanex from a "moderate buy" rating to a "hold" rating in a report on Wednesday, January 14th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of C$50.00.

Methanex Price Performance

The company has a current ratio of 2.06, a quick ratio of 1.59 and a debt-to-equity ratio of 143.59. The company has a market capitalization of C$5.64 billion, a PE ratio of 24.48, a price-to-earnings-growth ratio of 0.44 and a beta of 1.06. The stock's 50-day moving average is C$65.02 and its two-hundred day moving average is C$56.51.

Methanex (TSE:MX - Get Free Report) NASDAQ: MEOH last announced its earnings results on Thursday, March 5th. The company reported C($0.19) earnings per share (EPS) for the quarter. The business had revenue of C$1.28 billion for the quarter. Methanex had a net margin of 2.19% and a return on equity of 3.18%. On average, equities analysts predict that Methanex Co. will post 5.9482927 EPS for the current year.

Methanex Company Profile

Methanex Corp manufactures and sells methanol. Methanex's customers use methanol as a feedstock to produce end-products including adhesives, foams, solvents, and windshield washer fluids. The firm also sells its products to the oil refining industry, where the methanol is blended with gasoline to produce a high-octane fuel or blended as a component of biodiesel. Methanex distributes its products through a global supply chain that includes the operation of port terminals, tankers, barges, rail cars, trucks, and pipelines.

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