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NASDAQ:MEOH

Methanex (MEOH) Stock Forecast, Price & News

$43.36
+0.15 (+0.35%)
(As of 12:25 PM ET)
Compare
Today's Range
$42.43
$43.60
50-Day Range
$40.49
$45.77
52-Week Range
$32.03
$54.83
Volume
116,235 shs
Average Volume
291,343 shs
Market Capitalization
$2.92 billion
P/E Ratio
14.17
Dividend Yield
1.71%
Price Target
$54.90

Methanex MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.70 Rating Score
Upside/​Downside
28.4% Upside
$54.90 Price Target
Short Interest
Healthy
2.19% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.22mentions of Methanex in the last 14 days
Based on 5 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
52.87%
From $1.57 to $2.40 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.93 out of 5 stars

Basic Materials Sector

20th out of 168 stocks

Industrial Organic Chemicals Industry

1st out of 20 stocks


MEOH stock logo

About Methanex (NASDAQ:MEOH) Stock

Methanex Corporation produces and supplies methanol in North America, the Asia Pacific, Europe, and South America. 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.

MEOH Price History

MEOH Stock News Headlines

Methanex (NASDAQ:MEOH) Rating Reiterated by Royal Bank of Canada
66,000% upside on tiny biotech?
The Wall Street Journal reports that this medical breakthrough is "Transforming Medicine." One analyst calculated that it could be worth $1 Trillion, making the upside potential of this small-cap 66,000% above today's price.
Methanex Is Having Trouble Lighting Up
Methanex (MEOH) Stock Jumps 5.6%: Will It Continue to Soar?
Biden's Digital Dollar Nightmare
On July 20th, 2023, the Federal Reserve launched FedNow, which could spark the fuse for a Digital Dollar. If a Digital Dollar happens, the government could: Monitor every transaction, keep track of your spending habits, and potentially control your individual choices… Which MAY steal your freedoms in one way or another. And if you don’t plan for this now... Your retirement savings could be at risk of being frozen, hacked, or deleted. You’ll want to act fast... Because with Biden’s long history of voting against Americans... Who knows how much longer until Biden strikes again! Get your hands on this FREE Wealth Protection Kit today and learn how you could shield your savings and investments before it’s too late!
Methanex (MEOH) Gets a Hold from RBC Capital
Barclays Sticks to Its Buy Rating for Methanex (MEOH)
Where Methanex Stands With Analysts
Barclays Sticks to Their Buy Rating for Methanex (MEOH)
Methanex (MEOH) Receives a Buy from Alembic Global
See More Headlines
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MEOH Company Calendar

Last Earnings
7/26/2023
Ex-Dividend for 9/30 Dividend
9/14/2023
Dividend Payable
9/30/2023
Today
10/04/2023
Next Earnings (Estimated)
10/25/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Industrial organic chemicals
Sub-Industry
N/A
Current Symbol
NASDAQ:MEOH
Employees
1,410
Year Founded
1968

Price Target and Rating

Average Stock Price Forecast
$54.90
High Stock Price Forecast
$65.00
Low Stock Price Forecast
$45.00
Forecasted Upside/Downside
+27.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.70
Research Coverage
10 Analysts

Profitability

Net Income
$353.83 million
Pretax Margin
11.11%

Debt

Sales & Book Value

Annual Sales
$4.31 billion
Cash Flow
$10.22 per share
Book Value
$35.06 per share

Miscellaneous

Free Float
66,703,000
Market Cap
$2.91 billion
Optionable
Optionable
Beta
1.57

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Key Executives

  • Mr. Richard W. Sumner (Age 48)
    Pres, CEO & Director
    Comp: $1.01M
  • Mr. Dean Richardson
    Sr. VP of Fin. & Chief Financial Officer
  • Sarah Herriott
    Director of Investor Relations
  • Mr. Kevin Price
    Sr. VP, Gen. Counsel & Corp. Sec.
  • Mr. Kevin M. Maloney
    Sr. VP of Corp. Devel.
  • Ms. Karine Delbarre
    Sr. VP of Marketing & Logistics
  • Mr. Bradley W. Boyd
    Sr. VP of Corp. Resources
  • Mark Allard
    Sr. VP of Low Carbon Solutions
  • Mr. Gustavo Parra
    Sr. VP of Manufacturing













MEOH Stock - Frequently Asked Questions

Should I buy or sell Methanex stock right now?

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Methanex in the last twelve months. There are currently 3 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" MEOH shares.
View MEOH analyst ratings
or view top-rated stocks.

What is Methanex's stock price forecast for 2023?

10 brokers have issued 12-month price targets for Methanex's shares. Their MEOH share price forecasts range from $45.00 to $65.00. On average, they anticipate the company's stock price to reach $54.90 in the next twelve months. This suggests a possible upside of 27.1% from the stock's current price.
View analysts price targets for MEOH
or view top-rated stocks among Wall Street analysts.

How have MEOH shares performed in 2023?

Methanex's stock was trading at $37.86 on January 1st, 2023. Since then, MEOH shares have increased by 14.1% and is now trading at $43.21.
View the best growth stocks for 2023 here
.

When is Methanex's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 25th 2023.
View our MEOH earnings forecast
.

How were Methanex's earnings last quarter?

Methanex Co. (NASDAQ:MEOH) announced its quarterly earnings results on Wednesday, July, 26th. The specialty chemicals company reported $0.60 EPS for the quarter, beating the consensus estimate of $0.55 by $0.05. The specialty chemicals company earned $939 million during the quarter, compared to analysts' expectations of $886.52 million. Methanex had a net margin of 5.70% and a trailing twelve-month return on equity of 9.09%. The company's revenue was down 17.4% compared to the same quarter last year. During the same quarter last year, the company posted $1.16 earnings per share.

How often does Methanex pay dividends? What is the dividend yield for Methanex?

Methanex declared a quarterly dividend on Thursday, July 13th. Investors of record on Saturday, September 16th will be given a dividend of $0.185 per share on Saturday, September 30th. This represents a $0.74 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date of this dividend is Thursday, September 14th.
Read our dividend analysis for MEOH
.

Is Methanex a good dividend stock?

Methanex (NASDAQ:MEOH) pays an annual dividend of $0.74 per share and currently has a dividend yield of 1.69%. 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 24.18%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MEOH will have a dividend payout ratio of 30.83% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MEOH.

What other stocks do shareholders of Methanex own?

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).

What is Methanex's stock symbol?

Methanex trades on the NASDAQ under the ticker symbol "MEOH."

How do I buy shares of Methanex?

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.
Compare Top Brokerages Here.

What is Methanex's stock price today?

One share of MEOH stock can currently be purchased for approximately $43.21.

How much money does Methanex make?

Methanex (NASDAQ:MEOH) has a market capitalization of $2.91 billion and generates $4.31 billion in revenue each year. The specialty chemicals company earns $353.83 million in net income (profit) each year or $3.06 on an earnings per share basis.

How many employees does Methanex have?

The company employs 1,410 workers across the globe.

How can I contact Methanex?

Methanex's mailing address is 1800 WATERFRONT CENTER 200 BURRARD STREET, VANCOUVER A1, V6C 3M1. The official website for the company is www.methanex.com. The specialty chemicals company can be reached via phone at (604) 661-2600, via email at invest@methanex.com, or via fax at 604-661-2676.

This page (NASDAQ:MEOH) was last updated on 10/4/2023 by MarketBeat.com Staff

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