Methanex - MEOH Stock Forecast, Price & News

9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Methanex in the last twelve months. There are currently 2 sell ratings, 3 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" MEOH shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MEOH, but not buy additional shares or sell existing shares.
View MEOH analyst ratings or view top-rated stocks.

9 analysts have issued 1 year price targets for Methanex's stock. Their MEOH share price forecasts range from $34.00 to $69.00. On average, they predict the company's stock price to reach $46.33 in the next twelve months. This suggests a possible upside of 0.1% 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 2023. Since then, MEOH stock has increased by 22.3% and is now trading at $46.29.
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Methanex saw a increase in short interest during the month of January. As of January 15th, there was short interest totaling 1,060,000 shares, an increase of 21.3% from the December 31st total of 873,900 shares. Based on an average daily trading volume, of 326,400 shares, the short-interest ratio is currently 3.2 days. Currently, 1.5% of the company's stock are short sold.
View Methanex's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 2nd 2023.
View our MEOH earnings forecast.

Methanex will be holding an earnings conference call on Friday, February 3rd at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link.

Methanex Co. (NASDAQ:MEOH) issued its earnings results on Tuesday, October, 26th. The specialty chemicals company reported $1.29 EPS for the quarter, missing analysts' consensus estimates of $1.32 by $0.03. The specialty chemicals company had revenue of $1.08 billion for the quarter, compared to analysts' expectations of $984.45 million. Methanex had a net margin of 11.22% and a trailing twelve-month return on equity of 20.91%. The firm's revenue was up 85.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($1.03) EPS.

Methanex declared a quarterly dividend on Thursday, January 26th. Investors of record on Friday, March 17th will be given a dividend of $0.175 per share on Friday, March 31st. This represents a $0.70 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date is Thursday, March 16th.
Read our dividend analysis for MEOH.

Methanex (NASDAQ:MEOH) pays an annual dividend of $0.70 per share and currently has a dividend yield of 1.55%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 10.95%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MEOH will have a dividend payout ratio of 21.94% 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 retail and institutional investors. Top institutional shareholders include M&G Investment Management Ltd. (20.13%), Addenda Capital Inc. (0.23%), National Bank of Canada FI (0.06%), Ritholtz Wealth Management (0.04%), Pinnacle Associates Ltd. (0.03%) and JTC Employer Solutions Trustee Ltd (0.00%).

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 $46.29.

Methanex (NASDAQ:MEOH) has a market capitalization of $3.21 billion and generates $4.41 billion in revenue each year. The specialty chemicals company earns $482.36 million in net income (profit) each year or $6.39 on an earnings per share basis.

The company employs 1,300 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.