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NASDAQ:MEOH

Methanex (MEOH) Stock Price, News & Analysis

$52.28
+0.05 (+0.10%)
(As of 05/23/2024 ET)
Today's Range
$51.85
$52.68
50-Day Range
$43.08
$55.04
52-Week Range
$38.18
$56.43
Volume
208,627 shs
Average Volume
340,071 shs
Market Capitalization
$3.52 billion
P/E Ratio
22.15
Dividend Yield
1.42%
Price Target
$54.88

Methanex MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.57 Rating Score
Upside/​Downside
5.0% Upside
$54.88 Price Target
Short Interest
Healthy
1.35% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.75mentions of Methanex in the last 14 days
Based on 2 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
88.37%
From $2.15 to $4.05 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.08 out of 5 stars

Basic Materials Sector

84th out of 171 stocks

Industrial Organic Chemicals Industry

8th out of 17 stocks

MEOH stock logo

About Methanex Stock (NASDAQ:MEOH)

Methanex Corporation produces and supplies methanol in China, Europe, the United States, South America, South Korea, Canada, and Asia. 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 Stock Price History

MEOH Stock News Headlines

Methanex declares $0.185 dividend
Methanex: Q1 Earnings Snapshot
Methanex Corporation – Notice of Cash Dividend
MEOH: Raising target price to $47.00
MEOH Apr 2024 50.000 put
MEOH Oct 2024 45.000 put
Sustainability in the Maritime Market Size & Trends
Methanex Releases 2023 Sustainability Report
DOW Apr 2024 64.000 call
Scotiabank Reaffirms Their Buy Rating on Methanex (MEOH)
Methanex (MEOH) Receives a Buy from Barclays
DOW Mar 2024 45.000 put
See More Headlines
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Company Calendar

Ex-Dividend for 3/28 Dividend
3/13/2024
Dividend Payable
3/28/2024
Last Earnings
4/24/2024
Today
5/24/2024
Ex-Dividend for 6/28 Dividend
6/14/2024
Dividend Payable
6/28/2024
Next Earnings (Estimated)
7/24/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Industrial organic chemicals
Sub-Industry
N/A
Current Symbol
NASDAQ:MEOH
Employees
1,451
Year Founded
1968

Price Target and Rating

Average Stock Price Target
$54.88
High Stock Price Target
$62.00
Low Stock Price Target
$48.00
Potential Upside/Downside
+5.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.57
Research Coverage
7 Analysts

Profitability

Net Income
$174.14 million
Pretax Margin
7.03%

Debt

Sales & Book Value

Annual Sales
$3.72 billion
Cash Flow
$8.09 per share
Book Value
$32.95 per share

Miscellaneous

Free Float
66,713,000
Market Cap
$3.52 billion
Optionable
Optionable
Beta
1.47

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Key Executives

  • Mr. Richard W. Sumner (Age 49)
    President, CEO & Director
    Comp: $1.82M
  • Mr. Dean Richardson
    Senior VP of Finance & Chief Financial Officer
  • Ms. Karine Delbarre
    Senior Vice President of Global Marketing & Logistics
  • Mr. Bradley W. Boyd
    Senior Vice President of Corporate Resources
  • Mr. Gustavo Parra
    Senior Vice President of Manufacturing
  • Sarah Herriott
    Director of Investor Relations
  • Mr. Kevin Price
    Senior VP, General Counsel & Corporate Secretary
  • Mr. Kevin M. Maloney
    Senior Vice President of Corporate Development
  • Mark Allard
    Senior Vice President of Low Carbon Solutions
  • Rawle Ramlochan
    Plant Manager

MEOH Stock Analysis - Frequently Asked Questions

Should I buy or sell Methanex stock right now?

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Methanex in the last year. There are currently 3 hold ratings and 4 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.

What is Methanex's stock price target for 2024?

7 analysts have issued 1-year price objectives for Methanex's stock. Their MEOH share price targets range from $48.00 to $62.00. On average, they predict the company's stock price to reach $54.88 in the next year. This suggests a possible upside of 5.0% 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 2024?

Methanex's stock was trading at $47.36 at the start of the year. Since then, MEOH shares have increased by 10.4% and is now trading at $52.28.
View the best growth stocks for 2024 here
.

When is Methanex's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 24th 2024.
View our MEOH earnings forecast
.

How were Methanex's earnings last quarter?

Methanex Co. (NASDAQ:MEOH) released its quarterly earnings data on Wednesday, April, 24th. The specialty chemicals company reported $0.65 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.30 by $0.35. The specialty chemicals company earned $916 million during the quarter, compared to analyst estimates of $908.50 million. Methanex had a net margin of 4.63% and a trailing twelve-month return on equity of 5.38%.

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

Methanex declared a quarterly dividend on Wednesday, April 24th. Shareholders of record on Friday, June 14th will be given a dividend of $0.185 per share on Friday, June 28th. This represents a $0.74 annualized dividend and a dividend yield of 1.42%. The ex-dividend date is Friday, June 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 1.38%. 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 31.36%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MEOH will have a dividend payout ratio of 18.27% 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?
Who are Methanex's major shareholders?

Methanex's stock is owned by many different retail and institutional investors. Top institutional shareholders include M&G Plc (19.44%), Vanguard Group Inc. (3.69%), Dixon Mitchell Investment Counsel Inc. (1.58%), Addenda Capital Inc. (0.24%), Swiss National Bank (0.19%) and Westbourne Investment Advisors Inc. (0.16%).

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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:MEOH) was last updated on 5/24/2024 by MarketBeat.com Staff

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