NASDAQ:MEOH Methanex (MEOH) Stock Forecast, Price & News $42.26 -0.17 (-0.40%) (As of 09/22/2023 ET) Add Compare Share Share Today's Range$42.17▼$43.1950-Day Range$40.49▼$45.4352-Week Range$28.73▼$54.83Volume169,597 shsAverage Volume233,656 shsMarket Capitalization$2.85 billionP/E Ratio13.81Dividend Yield1.75%Price Target$54.90 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media Methanex MarketRank™ ForecastAnalyst RatingModerate Buy2.70 Rating ScoreUpside/Downside29.9% Upside$54.90 Price TargetShort InterestBearish2.27% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainabilityN/ANews Sentiment0.38Based on 15 Articles This WeekInsider TradingN/AProj. Earnings Growth52.87%From $1.57 to $2.40 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.77 out of 5 starsBasic Materials Sector29th out of 167 stocksIndustrial Organic Chemicals Industry2nd out of 19 stocks 3.4 Analyst's Opinion Consensus RatingMethanex 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/DownsideAccording to analysts' consensus price target of $54.90, Methanex has a forecasted upside of 29.9% from its current price of $42.26.Amount of Analyst CoverageMethanex has only been the subject of 3 research reports in the past 90 days. Previous Next 2.0 Short Interest Percentage of Shares Shorted2.27% of the float of Methanex has been sold short.Short Interest Ratio / Days to CoverMethanex has a short interest ratio ("days to cover") of 5.8.Change versus previous monthShort interest in Methanex has recently increased by 11.03%, indicating that investor sentiment is decreasing significantly. Previous Next 2.5 Dividend Strength Dividend YieldMethanex pays a meaningful dividend of 1.75%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthMethanex has only been increasing its dividend for 3 years.Dividend CoverageThe dividend payout ratio of Methanex is 24.18%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased 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. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for MEOH. Previous Next 2.4 News and Social Media Coverage News SentimentMethanex has a news sentiment score of 0.38. 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 is a lower news sentiment than the 0.49 average news sentiment score of Basic Materials companies.News Coverage This WeekMarketBeat has tracked 15 news articles for Methanex this week, compared to 2 articles on an average week.MarketBeat Follows2 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. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Methanex insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 1.00% of the stock of Methanex is held by insiders.Percentage Held by Institutions71.00% of the stock of Methanex is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 3.1 Earnings and Valuation Earnings GrowthEarnings 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 MarketThe P/E ratio of Methanex is 13.81, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 113.01.Price to Earnings Ratio vs. SectorThe P/E ratio of Methanex is 13.81, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 97.30.Price to Book Value per Share RatioMethanex has a P/B Ratio of 1.21. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Methanex (NASDAQ:MEOH) StockMethanex 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.Read More MEOH Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart MEOH Stock News HeadlinesSeptember 23, 2023 | americanbankingnews.comZacks Research Equities Analysts Cut Earnings Estimates for Methanex Co. (NASDAQ:MEOH)September 22, 2023 | americanbankingnews.comBrokers Offer Predictions for Methanex Co.'s Q3 2023 Earnings (NASDAQ:MEOH)September 24, 2023 | Chaikin Analytics (Ad)His system isolated NVIDIA - Here's His Next Buy.Most investors don't know the truth about A.I. 50-year Wall Street Insider Marc Chaikin reveals what you should be doing to profit. Learn more here.September 20, 2023 | finance.yahoo.comMethanex (MEOH) Stock Jumps 5.6%: Will It Continue to Soar?September 20, 2023 | americanbankingnews.comMethanex (NASDAQ:MEOH) Upgraded by Raymond James to "Outperform"September 19, 2023 | za.investing.comMethanex provides 'solid value at current levels' - Raymond JamesSeptember 19, 2023 | finance.yahoo.comUnveiling Methanex (MEOH)'s Value: Is It Really Priced Right? A Comprehensive GuideSeptember 11, 2023 | finance.yahoo.comTop 14 Methanol Companies, Worldwide 2023: MarketsandMarkets 360 Quadrant PublishedSeptember 24, 2023 | Chaikin Analytics (Ad)His system isolated NVIDIA - Here's His Next Buy.Most investors don't know the truth about A.I. 50-year Wall Street Insider Marc Chaikin reveals what you should be doing to profit. Learn more here.September 5, 2023 | markets.businessinsider.comMethanex (MEOH) Gets a Hold from RBC CapitalAugust 30, 2023 | seekingalpha.comMethanex: Buying The 7.2% Yielding Bonds For Income And Shares For Capital GainsAugust 25, 2023 | finance.yahoo.comMethanex (MEOH) Down 3.6% Since Last Earnings Report: Can It Rebound?August 7, 2023 | finance.yahoo.com5.9% CAGR for Methanol Market Size to Reach $41.97Bn by 2028 with Formaldehyde Segment Driving Growth During 2021–2028 | The Insight PartnersAugust 1, 2023 | markets.businessinsider.comAnalysts Offer Insights on Materials Companies: West Fraser Timber Co (WFG), Fortescue Metals Group Ltd (OtherFSUMF) and Methanex (MEOH)July 31, 2023 | markets.businessinsider.comBarclays Sticks to Its Buy Rating for Methanex (MEOH)July 27, 2023 | finance.yahoo.comMethanex's (MEOH) Q2 Earnings & Revenues Surpass EstimatesJuly 26, 2023 | finance.yahoo.comMethanex (MEOH) Beats Q2 Earnings and Revenue EstimatesJuly 26, 2023 | finance.yahoo.comMethanex (MEOH) Q2 Earnings: How Key Metrics Compare to Wall Street EstimatesJuly 13, 2023 | benzinga.comMethanol Market Expected to Hit $38.0 billion by 2028, at a CAGR of 4.2%| MarketsandMarkets™July 12, 2023 | benzinga.comBarclays Maintains Overweight on Methanex, Lowers Price Target to $50July 11, 2023 | markets.businessinsider.comWhere Methanex Stands With AnalystsJuly 11, 2023 | markets.businessinsider.comBarclays Sticks to Their Buy Rating for Methanex (MEOH)June 28, 2023 | hk.finance.yahoo.comMethanol Market Size & Share to Surpass $43.68 Billion by 2030 | Vantage Market ResearchJune 26, 2023 | markets.businessinsider.comMethanex (MEOH) Receives a Buy from Alembic GlobalJune 12, 2023 | msn.comNasdaq, Methanex And Other Big Stocks Moving Lower On MondayJune 12, 2023 | msn.comMethanex downgraded to Sector Perform at Scotiabank; advises selling shortJune 8, 2023 | msn.comMethanex Corporation: The G3 Project Should Bring Strong FCFSee More Headlines Receive MEOH Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Methanex and its competitors with MarketBeat's FREE daily newsletter. Email Address MEOH Company Calendar Ex-Dividend for 6/30 Dividend6/15/2023Dividend Payable6/30/2023Last Earnings7/26/2023Ex-Dividend for 9/30 Dividend9/14/2023Today9/24/2023Dividend Payable9/30/2023Next Earnings (Estimated)10/25/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Industrial organic chemicals Sub-IndustryN/A SectorBasic Materials Current SymbolNASDAQ:MEOH CUSIPN/A CIK886977 Webwww.methanex.com Phone(604) 661-2600Fax604-661-2676Employees1,410Year Founded1968Price Target and Rating Average Stock Price Forecast$54.90 High Stock Price Forecast$65.00 Low Stock Price Forecast$45.00 Forecasted Upside/Downside+29.9%Consensus RatingModerate Buy Rating Score (0-4)2.70 Research Coverage10 Analysts Profitability EPS (Most Recent Fiscal Year)$3.06 Trailing P/E Ratio13.81 Forward P/E Ratio26.92 P/E GrowthN/ANet Income$353.83 million Net Margins5.70% Pretax Margin11.11% Return on Equity9.09% Return on Assets3.29% Debt Debt-to-Equity Ratio0.93 Current Ratio1.87 Quick Ratio1.34 Sales & Book Value Annual Sales$4.31 billion Price / Sales0.66 Cash Flow$10.33 per share Price / Cash Flow4.09 Book Value$35.06 per share Price / Book1.21Miscellaneous Outstanding Shares67,380,000Free Float66,703,000Market Cap$2.85 billion OptionableOptionable Beta1.62 Social Links 10 Best Stocks to Own in 2023Click the link below and we'll send you MarketBeat's list of the 10 best stocks to own in 2023 and why they should be in your portfolio. Get This Free Report Key ExecutivesMr. Richard W. Sumner (Age 48)Pres, CEO & Director Comp: $1.01MMr. Dean RichardsonSr. VP of Fin. & Chief Financial OfficerSarah HerriottDirector of Investor RelationsMr. Kevin PriceSr. VP, Gen. Counsel & Corp. Sec.Mr. Kevin M. MaloneySr. VP of Corp. Devel.Ms. Karine DelbarreSr. VP of Marketing & LogisticsMr. Bradley W. BoydSr. VP of Corp. ResourcesMark AllardSr. VP of Low Carbon SolutionsMr. Gustavo ParraSr. VP of ManufacturingMore ExecutivesKey CompetitorsSensient TechnologiesNYSE:SXTGreen PlainsNASDAQ:GPRENewMarketNYSE:NEUWestlake Chemical PartnersNYSE:WLKPScotts Miracle-GroNYSE:SMGView All CompetitorsInstitutional OwnershipBarclays PLCBought 12,896 shares on 9/21/2023Ownership: 0.033%Alberta Investment Management CorpSold 99,104 shares on 8/24/2023Ownership: 0.593%CIBC Asset Management IncBought 323 shares on 8/15/2023Ownership: 0.099%Citadel Advisors LLCBought 5,500 shares on 8/15/2023Ownership: 0.000%Alliancebernstein L.P.Bought 2,148 shares on 8/15/2023Ownership: 0.018%View All Institutional Transactions MEOH Stock - Frequently Asked Questions Should I buy or sell Methanex stock right now? 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. What is Methanex's stock price forecast for 2023? 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. How have MEOH shares performed in 2023? 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. 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) 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. 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 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. 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 1.75%. 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. 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." Who are Methanex's major shareholders? 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%). 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 $42.26. How much money does Methanex make? 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. 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 9/24/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Methanex Co. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. 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