Methanex - MEOH Stock Forecast, Price & News

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Methanex in the last year. There are currently 2 sell ratings, 3 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street 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.
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9 brokerages have issued 12-month target prices for Methanex's shares. Their MEOH share price forecasts range from $34.00 to $69.00. On average, they anticipate the company's stock price to reach $46.33 in the next year. This suggests that the stock has a possible downside of 7.9%.
View analysts price targets for MEOH or view top-rated stocks among Wall Street analysts.

Methanex's stock was trading at $37.86 on January 1st, 2023. Since then, MEOH shares have increased by 32.8% and is now trading at $50.29.
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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 shares of the company are sold short.
View Methanex's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 26th 2023.
View our MEOH earnings forecast.

Methanex Co. (NASDAQ:MEOH) posted its quarterly earnings results on Friday, February, 3rd. The specialty chemicals company reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.27. The specialty chemicals company earned $986 million during the quarter, compared to the consensus estimate of $878.55 million. Methanex had a trailing twelve-month return on equity of 20.91% and a net margin of 11.22%. The business's quarterly revenue was down 21.3% on a year-over-year basis. During the same period last year, the business earned $2.43 EPS.

Methanex announced a quarterly dividend on Thursday, January 26th. Shareholders of record on Friday, March 17th will be paid a dividend of $0.175 per share on Friday, March 31st. This represents a $0.70 annualized dividend and a yield of 1.39%. 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 1.43%. 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 15.66%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MEOH will have a dividend payout ratio of 22.65% 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 many different institutional and retail investors. Top institutional shareholders include M&G Investment Management Ltd. (20.13%), Bank of Montreal Can (1.26%), Addenda Capital Inc. (0.23%), National Bank of Canada FI (0.06%), Ritholtz Wealth Management (0.04%) and Pinnacle Associates Ltd. (0.03%).

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 $50.29.

Methanex (NASDAQ:MEOH) has a market capitalization of $3.48 billion and generates $4.58 billion in revenue each year. The specialty chemicals company earns $482.36 million in net income (profit) each year or $4.47 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.