Methanex Stock Forecast, Price & News

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

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.

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.

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.

Some companies that are related to Methanex include Braskem (BAK), Braskem (BRKMY), Sensient Technologies (SXT), Renewable Energy Group (REGI), NewMarket (NEU), Green Plains (GPRE), Westlake Chemical Partners (WLKP), Origin Materials (ORGN), Amyris (AMRS), Codexis (CDXS), Gevo (GEVO), REX American Resources (REX), Gores Holdings VIII (GIIX), FutureFuel (FF) and Alto Ingredients (ALTO).
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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 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%).

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.

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..

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.
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One share of MEOH stock can currently be purchased for approximately $40.16.

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.

Methanex employs 1,300 workers across the globe.

Methanex was founded in 1968.

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.