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

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

12 equities research analysts have issued twelve-month target prices for Methanex's stock. Their MEOH share price targets range from $45.00 to $65.00. On average, they anticipate the company's share price to reach $53.75 in the next year. This suggests a possible upside of 25.9% 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 start of the year. Since then, MEOH shares have increased by 12.8% and is now trading at $42.69.
View the best growth stocks for 2023 here.

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) issued its quarterly earnings data on Wednesday, October, 25th. The specialty chemicals company reported $0.02 EPS for the quarter, beating analysts' consensus estimates of ($0.08) by $0.10. The specialty chemicals company earned $823 million during the quarter, compared to analyst estimates of $754.57 million. Methanex had a net margin of 4.80% and a trailing twelve-month return on equity of 7.21%. The company's revenue for the quarter was down 18.7% on a year-over-year basis. During the same period last year, the business posted $0.69 EPS.

Methanex announced a quarterly dividend on Thursday, November 16th. Shareholders of record on Friday, December 15th will be given a dividend of $0.185 per share on Friday, December 29th. This represents a $0.74 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date 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 1.77%. 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 a number of retail and institutional investors. Top institutional shareholders include FMR LLC (7.41%), Connor Clark & Lunn Investment Management Ltd. (1.56%), Mackenzie Financial Corp (1.10%), Becker Capital Management Inc. (0.80%), Boston Partners (0.60%) and TD Asset Management Inc (0.57%).

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.