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S&P 500   3,911.74
DOW   31,500.68
QQQ   294.61
S&P 500   3,911.74
DOW   31,500.68
QQQ   294.61
S&P 500   3,911.74
DOW   31,500.68
QQQ   294.61
S&P 500   3,911.74
DOW   31,500.68
QQQ   294.61
NASDAQ:MEOH

Methanex Stock Forecast, Price & News

$40.16
+2.47 (+6.55%)
(As of 06/24/2022 12:00 AM ET)
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Today's Range
$37.60
$40.21
50-Day Range
$37.69
$55.90
52-Week Range
$29.61
$56.79
Volume
688,384 shs
Average Volume
520,974 shs
Market Capitalization
$2.91 billion
P/E Ratio
6.32
Dividend Yield
1.54%
Price Target
$54.15
30 days | 90 days | 365 days | Advanced Chart

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MEOH Stock Forecast (MarketRank)

Overall MarketRank

2.79 out of 5 stars

Basic Materials Sector

36th out of 242 stocks

Industrial Organic Chemicals Industry

5th out of 25 stocks

Analyst Opinion: 4.1Community Rank: 4.4Dividend Strength: 2.5Insider Behavior: 1.7Valuation: 1.3 5 -4 -3 -2 -1 -
Methanex logo

About Methanex (NASDAQ:MEOH)

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 Stock News Headlines

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Industry, Sector and Symbol

Industry
Industrial organic chemicals
Sub-Industry
N/A
Current Symbol
NASDAQ:MEOH
Employees
1,300
Year Founded
1968

Company Calendar

Ex-Dividend for 3/31 Dividend
3/16/2022
Dividend Payable
3/31/2022
Last Earnings
4/27/2022
Ex-Dividend for 6/30 Dividend
6/15/2022
Today
6/25/2022
Dividend Payable
6/30/2022
Next Earnings (Estimated)
7/27/2022
Fiscal Year End
12/31/2022

Price Target and Rating

Average Stock Price Forecast
$54.15
High Stock Price Forecast
$73.00
Low Stock Price Forecast
$35.00
Forecasted Upside/Downside
+34.8%
Consensus Rating
Hold
Rating Score (0-4)
2.25
Research Coverage
12 Analysts

Profitability

Net Income
$482.36 million
Pretax Margin
15.10%

Debt

Sales & Book Value

Annual Sales
$4.41 billion
Cash Flow
$11.78 per share
Book Value
$26.27 per share

Miscellaneous

Free Float
71,685,000
Market Cap
$2.91 billion
Optionable
Optionable
Beta
1.71

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Methanex Frequently Asked Questions

Should I buy or sell Methanex stock right now?

12 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Methanex in the last twelve months. There are currently 2 sell ratings, 5 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" Methanex stock. 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 analyst ratings for Methanex
or view top-rated stocks.

What is Methanex's stock price forecast for 2022?

12 brokerages have issued 12-month target prices for Methanex's shares. Their MEOH stock forecasts range from $35.00 to $73.00. On average, they anticipate Methanex's share price to reach $54.15 in the next twelve months. This suggests a possible upside of 34.8% from the stock's current price.
View analysts' price targets for Methanex
or view top-rated stocks among Wall Street analysts.

How has Methanex's stock price performed in 2022?

Methanex's stock was trading at $39.55 at the beginning of 2022. Since then, MEOH stock has increased by 1.5% and is now trading at $40.16.
View the best growth stocks for 2022 here
.

When is Methanex's next earnings date?

Methanex is scheduled to release its next quarterly earnings announcement on Wednesday, July 27th 2022.
View our earnings forecast for Methanex
.

How were Methanex's earnings last quarter?

Methanex Co. (NASDAQ:MEOH) released its earnings results on Wednesday, April, 27th. The specialty chemicals company reported $2.16 EPS for the quarter, topping the consensus estimate of $2.09 by $0.07. The specialty chemicals company earned $1.18 billion during the quarter, compared to analysts' expectations of $1.16 billion. Methanex had a trailing twelve-month return on equity of 27.41% and a net margin of 10.87%. The firm's quarterly revenue was up 15.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.07 earnings per share.
View Methanex's earnings history
.

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

Methanex declared a quarterly dividend on Friday, April 29th. Stockholders of record on Thursday, June 16th will be paid a dividend of $0.145 per share on Thursday, June 30th. This represents a $0.58 annualized dividend and a dividend yield of 1.44%. The ex-dividend date is Wednesday, June 15th. This is a positive change from Methanex's previous quarterly dividend of $0.13.
View Methanex's dividend history
.

Is Methanex a good dividend stock?

Methanex(NASDAQ:MEOH) pays an annual dividend of $0.58 per share and currently has a dividend yield of 1.54%. Methanex 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 of Methanex is 9.13%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Methanex will have a dividend payout ratio of 14.43% next year. This indicates that Methanex will be able to sustain or increase its dividend.
View Methanex's dividend history.

Who are Methanex's key executives?

Methanex's management team includes the following people:
  • Mr. John N. Floren, Pres, CEO & Director (Age 63, Pay $3.77M)
  • Mr. Ian P. Cameron, Sr. VP of Fin. & CFO
  • Ms. Vanessa L. James, Sr. VP of Corp. Devel. & Sustainability
  • Mr. Kevin L. Henderson, Sr. VP of Manufacturing
  • Mr. Bradley W. Boyd, Sr. VP of Corp. Resources
  • Sarah Herriott, Director of Investor Relations
  • Mr. Kevin Price, Gen. Counsel & Corp. Sec.
  • Mr. Richard W. Sumner, Sr. VP of Global Marketing & Logistics

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 many different retail and institutional investors. Top institutional shareholders include Wellington Management Group LLP (5.81%), Mackenzie Financial Corp (2.23%), Bank of Montreal Can (1.18%), Scheer Rowlett & Associates Investment Management Ltd. (1.06%), Connor Clark & Lunn Investment Management Ltd. (1.03%) and Granite Investment Partners LLC (0.98%).

Which major investors are selling Methanex stock?

MEOH stock was sold by a variety of institutional investors in the last quarter, including Wellington Management Group LLP, Group One Trading L.P., Goldman Sachs Group Inc., Raymond James & Associates, Invesco Ltd., Granite Investment Partners LLC, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp, and Walleye Trading LLC.

Which major investors are buying Methanex stock?

MEOH stock was purchased by a variety of institutional investors in the last quarter, including Mackenzie Financial Corp, Victory Capital Management Inc., Acadian Asset Management LLC, Connor Clark & Lunn Investment Management Ltd., Principal Financial Group Inc., EHP Funds Inc., Hillsdale Investment Management Inc., and American Century Companies Inc..

How do I buy shares of Methanex?

Shares of MEOH 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 $40.16.

How much money does Methanex make?

Methanex (NASDAQ:MEOH) has a market capitalization of $2.91 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 $6.349990 on an earnings per share basis.

How many employees does Methanex have?

Methanex employs 1,300 workers across the globe.

When was Methanex founded?

Methanex was founded in 1968.

How can I contact Methanex?

Methanex's mailing address is 1800 WATERFRONT CENTER 200 BURRARD STREET, VANCOUVER A1, V6C 3M1. The official website for Methanex is www.methanex.com. The specialty chemicals company can be reached via phone at (604) 661-2600, via email at [email protected], or via fax at 604-661-2676.

This page (NASDAQ:MEOH) was last updated on 6/25/2022 by MarketBeat.com Staff

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