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: 0.22
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

3.4

Analyst's Opinion

Consensus Rating
Methanex has received a consensus rating of Moderate Buy. The company's average rating score is 2.70, and is based on 7 buy ratings, 3 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $54.90, Methanex has a forecasted upside of 28.4% from its current price of $42.75.
Amount of Analyst Coverage
Methanex has only been the subject of 2 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
2.19% of the float of Methanex has been sold short.
Short Interest Ratio / Days to Cover
Methanex has a short interest ratio ("days to cover") of 5.8.
Change versus previous month
Short interest in Methanex has recently decreased by 3.31%, indicating that investor sentiment is improving.

2.5

Dividend Strength

Dividend Yield
Methanex pays a meaningful dividend of 1.69%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Methanex has only been increasing its dividend for 3 years.
Dividend Coverage
The dividend payout ratio of Methanex is 24.18%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Methanex will have a dividend payout ratio of 30.83% next year. This indicates that Methanex will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for MEOH.

2.9

News and Social Media Coverage

News Sentiment
Methanex has a news sentiment score of 0.22. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Basic Materials companies.
News Coverage This Week
MarketBeat has tracked 5 news articles for Methanex this week, compared to 2 articles on an average week.
Search Interest
1 people have searched for MEOH on MarketBeat in the last 30 days.
MarketBeat Follows
2 people have added Methanex to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Methanex insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 1.00% of the stock of Methanex is held by insiders.
Percentage Held by Institutions
71.00% of the stock of Methanex is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.1

Earnings and Valuation

Earnings Growth
Earnings for Methanex are expected to grow by 52.87% in the coming year, from $1.57 to $2.40 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Methanex is 13.97, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 112.43.
Price to Earnings Ratio vs. Sector
The P/E ratio of Methanex is 13.97, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 91.25.
Price to Book Value per Share Ratio
Methanex has a P/B Ratio of 1.22. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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

30 days | 90 days | 365 days | Advanced Chart

MEOH Stock News Headlines

October 3, 2023 | americanbankingnews.com

Methanex (NASDAQ:MEOH) Rating Reiterated by Royal Bank of Canada

October 3, 2023 | americanbankingnews.com

Methanex (NASDAQ:MEOH) Receives "Sector Perform" Rating from Royal Bank of Canada

October 4, 2023 | Behind the Markets (Ad)

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October 2, 2023 | realmoney.thestreet.com

Methanex Is Having Trouble Lighting Up

September 28, 2023 | finance.yahoo.com

$41+ Billion Global Methanol Market is Expected to Grow at a CAGR of over 4.1% During 2023-2030 | Vantage Market Research

September 27, 2023 | americanbankingnews.com

Methanex Co. (NASDAQ:MEOH) Receives Average Recommendation of "Moderate Buy" from Analysts

September 25, 2023 | americanbankingnews.com

Q4 2024 Earnings Estimate for Methanex Co. (NASDAQ:MEOH) Issued By Zacks Research

September 20, 2023 | finance.yahoo.com

Methanex (MEOH) Stock Jumps 5.6%: Will It Continue to Soar?

October 4, 2023 | Goldco (Ad)

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September 19, 2023 | za.investing.com

Methanex provides 'solid value at current levels' - Raymond James

September 19, 2023 | finance.yahoo.com

Unveiling Methanex (MEOH)'s Value: Is It Really Priced Right? A Comprehensive Guide

September 11, 2023 | finance.yahoo.com

Top 14 Methanol Companies, Worldwide 2023: MarketsandMarkets 360 Quadrant Published

September 5, 2023 | markets.businessinsider.com

Methanex (MEOH) Gets a Hold from RBC Capital

August 30, 2023 | seekingalpha.com

Methanex: Buying The 7.2% Yielding Bonds For Income And Shares For Capital Gains

August 25, 2023 | finance.yahoo.com

Methanex (MEOH) Down 3.6% Since Last Earnings Report: Can It Rebound?

August 7, 2023 | finance.yahoo.com

5.9% CAGR for Methanol Market Size to Reach $41.97Bn by 2028 with Formaldehyde Segment Driving Growth During 2021–2028 | The Insight Partners

August 1, 2023 | markets.businessinsider.com

Analysts Offer Insights on Materials Companies: West Fraser Timber Co (WFG), Fortescue Metals Group Ltd (OtherFSUMF) and Methanex (MEOH)

July 31, 2023 | markets.businessinsider.com

Barclays Sticks to Its Buy Rating for Methanex (MEOH)

July 27, 2023 | finance.yahoo.com

Methanex's (MEOH) Q2 Earnings & Revenues Surpass Estimates

July 26, 2023 | finance.yahoo.com

Methanex (MEOH) Beats Q2 Earnings and Revenue Estimates

July 26, 2023 | finance.yahoo.com

Methanex (MEOH) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates

July 13, 2023 | benzinga.com

Methanol Market Expected to Hit $38.0 billion by 2028, at a CAGR of 4.2%| MarketsandMarkets™

July 12, 2023 | benzinga.com

Barclays Maintains Overweight on Methanex, Lowers Price Target to $50

July 11, 2023 | markets.businessinsider.com

Where Methanex Stands With Analysts

July 11, 2023 | markets.businessinsider.com

Barclays Sticks to Their Buy Rating for Methanex (MEOH)

June 28, 2023 | hk.finance.yahoo.com

Methanol Market Size & Share to Surpass $43.68 Billion by 2030 | Vantage Market Research

June 26, 2023 | markets.businessinsider.com

Methanex (MEOH) Receives a Buy from Alembic Global

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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

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Industrial organic chemicals
Sub-Industry: N/A
Sector: Basic Materials
Current Symbol: NASDAQ:MEOH
CUSIP: N/A
CIK: 886977
Web: www.methanex.com
Phone: (604) 661-2600
Fax: 604-661-2676
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

EPS (Most Recent Fiscal Year): $3.06
Trailing P/E Ratio: 14.12
Forward P/E Ratio: 27.52
P/E Growth: N/A
Net Income: $353.83 million
Net Margins: 5.70%
Pretax Margin: 11.11%
Return on Equity: 9.09%
Return on Assets: 3.29%

Debt

Debt-to-Equity Ratio: 0.93
Current Ratio: 1.87
Quick Ratio: 1.34

Sales & Book Value

Annual Sales: $4.31 billion
Price / Sales: 0.68
Cash Flow: $10.22 per share
Price / Cash Flow: 4.23
Book Value: $35.06 per share
Price / Book: 1.23

Miscellaneous

Outstanding Shares: 67,380,000
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

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

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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