Methanex Stock Price, News & Analysis (NASDAQ:MEOH)

12 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Methanex in the last year. There are currently 4 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" MEOH shares.
View MEOH analyst ratings or view top-rated stocks.

12 brokerages have issued 12-month price targets for Methanex's stock. Their MEOH share price targets range from $45.00 to $65.00. On average, they predict the company's stock price to reach $53.75 in the next twelve months. This suggests a possible upside of 27.3% from the stock's current price.
View analysts price targets for MEOH or view top-rated stocks among Wall Street analysts.

Methanex's stock was trading at $37.86 at the beginning of 2023. Since then, MEOH stock has increased by 11.5% and is now trading at $42.23.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, February 1st 2024.
View our MEOH earnings forecast.

Methanex Co. (NASDAQ:MEOH) posted its quarterly earnings results on Wednesday, October, 25th. The specialty chemicals company reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.08) by $0.10. The specialty chemicals company had revenue of $823 million for the quarter, compared to analyst estimates of $754.57 million. Methanex had a trailing twelve-month return on equity of 7.21% and a net margin of 4.80%. Methanex's revenue was down 18.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.69 earnings per share.

Methanex declared a quarterly dividend on Wednesday, November 15th. Shareholders of record on Friday, December 15th will be paid a dividend of $0.185 per share on Friday, December 29th. This represents a $0.74 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date of this dividend is Thursday, December 14th.
Read our dividend analysis for MEOH.

Methanex (NASDAQ:MEOH) pays an annual dividend of $0.74 per share and currently has a dividend yield of 1.71%. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 29.02%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MEOH will have a dividend payout ratio of 28.03% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MEOH.

Based on aggregate information from My MarketBeat watchlists, some companies that other Methanex investors own include CA (CA), BlackRock (BLK), Endologix (ELGX), Chipotle Mexican Grill (CMG), AT&T (T), Micron Technology (MU), Verizon Communications (VZ), AbbVie (ABBV), Enterprise Products Partners (EPD) and NIC (EGOV).

Methanex's stock is owned by many different institutional and retail investors. Top institutional shareholders include FMR LLC (7.41%), Wellington Management Group LLP (5.87%), Connor Clark & Lunn Investment Management Ltd. (1.56%), Mackenzie Financial Corp (1.10%), Becker Capital Management Inc. (0.80%) and Boston Partners (0.60%).

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