Methanex (MEOH) Stock Forecast, Price & News

10 Wall Street equities research 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 equities research analysts is that investors should "moderate buy" MEOH shares.
View MEOH analyst ratings or view top-rated stocks.

10 Wall Street analysts have issued twelve-month price targets for Methanex's stock. Their MEOH share price forecasts range from $45.00 to $65.00. On average, they anticipate the company's share price to reach $54.90 in the next twelve months. This suggests a possible upside of 29.9% 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 beginning of the year. Since then, MEOH stock has increased by 11.6% and is now trading at $42.26.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 25th 2023.
View our MEOH earnings forecast.

Methanex Co. (NASDAQ:MEOH) posted its quarterly earnings data on Wednesday, July, 26th. The specialty chemicals company reported $0.60 earnings per share for the quarter, beating analysts' consensus estimates of $0.55 by $0.05. The specialty chemicals company had revenue of $939 million for the quarter, compared to the consensus estimate 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 quarterly revenue was down 17.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.16 EPS.

Methanex declared a quarterly dividend on Thursday, July 13th. Investors of record on Saturday, September 16th will be paid a dividend of $0.185 per share on Saturday, September 30th. This represents a $0.74 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date is Thursday, September 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 1.75%. 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.

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

Methanex's stock is owned by a variety of institutional and retail investors. Top institutional investors include M&G Investment Management Ltd. (19.64%), Bank of Montreal Can (1.38%), Dimensional Fund Advisors LP (1.26%), Mackenzie Financial Corp (0.92%), Becker Capital Management Inc. (0.80%) and Granite Investment Partners LLC (0.75%).

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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One share of MEOH stock can currently be purchased for approximately $42.26.

Methanex (NASDAQ:MEOH) has a market capitalization of $2.85 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.

The company employs 1,410 workers across the globe.

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.