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S&P 500   4,305.20
DOW   34,152.01
QQQ   332.28
3 Stocks Set to Lead the Nasdaq Bull Market
Wall Street is keeping these stocks a Secret from You.. (Ad)pixel
3 Blowout Earnings Reports That Could Mark Turning Points
Companies facing 1st tax on stock buybacks in Biden bill
Will CrowdStrike Extend Its Streak Of Topping Earnings Views?
Market Wizard Who Accurately Predicted 2022 Market Collapse Has Shocking New Forecast (Ad)
Is Ford About To Crush Workhorse Group? 
Home Depot Results Point To Sluggish 2nd Half
Skyworks Solutions Is Worth A Look At These Prices 
Shocking Transcript: Financial Chaos Now Brace yourself for what's coming next (Ad)
S&P 500   4,305.20
DOW   34,152.01
QQQ   332.28
3 Stocks Set to Lead the Nasdaq Bull Market
Wall Street is keeping these stocks a Secret from You.. (Ad)pixel
3 Blowout Earnings Reports That Could Mark Turning Points
Companies facing 1st tax on stock buybacks in Biden bill
Will CrowdStrike Extend Its Streak Of Topping Earnings Views?
Market Wizard Who Accurately Predicted 2022 Market Collapse Has Shocking New Forecast (Ad)
Is Ford About To Crush Workhorse Group? 
Home Depot Results Point To Sluggish 2nd Half
Skyworks Solutions Is Worth A Look At These Prices 
Shocking Transcript: Financial Chaos Now Brace yourself for what's coming next (Ad)
S&P 500   4,305.20
DOW   34,152.01
QQQ   332.28
3 Stocks Set to Lead the Nasdaq Bull Market
Wall Street is keeping these stocks a Secret from You.. (Ad)pixel
3 Blowout Earnings Reports That Could Mark Turning Points
Companies facing 1st tax on stock buybacks in Biden bill
Will CrowdStrike Extend Its Streak Of Topping Earnings Views?
Market Wizard Who Accurately Predicted 2022 Market Collapse Has Shocking New Forecast (Ad)
Is Ford About To Crush Workhorse Group? 
Home Depot Results Point To Sluggish 2nd Half
Skyworks Solutions Is Worth A Look At These Prices 
Shocking Transcript: Financial Chaos Now Brace yourself for what's coming next (Ad)
NASDAQ:MEOH

Methanex - MEOH Stock Forecast, Price & News

$37.28
+0.34 (+0.92%)
(As of 08/16/2022 12:00 AM ET)
Add
Compare
Today's Range
$36.75
$37.77
50-Day Range
$34.23
$53.34
52-Week Range
$29.61
$56.79
Volume
275,497 shs
Average Volume
481,155 shs
Market Capitalization
$2.61 billion
P/E Ratio
5.78
Dividend Yield
1.57%
Price Target
$51.23

Methanex MarketRank™ Forecast

Analyst Rating
Hold
2.25 Rating Score
Upside/​Downside
37.4% Upside
$51.23 Price Target
Short Interest
Healthy
2.19% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
1.04mentions of Methanex in the last 14 days
Based on 5 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-30.62%
From $5.78 to $4.01 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.98 out of 5 stars

Basic Materials Sector

11th out of 170 stocks

Industrial Organic Chemicals Industry

1st out of 21 stocks

MEOH stock logo

About Methanex (NASDAQ:MEOH) Stock

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.

Methanex Stock Performance

NASDAQ:MEOH traded up $0.34 during trading hours on Tuesday, reaching $37.28. 275,497 shares of the company's stock were exchanged, compared to its average volume of 481,155. Methanex has a 1-year low of $29.61 and a 1-year high of $56.79. The company has a quick ratio of 1.77, a current ratio of 2.35 and a debt-to-equity ratio of 0.90. The firm has a market capitalization of $2.61 billion, a price-to-earnings ratio of 5.78 and a beta of 1.67. The company has a 50-day moving average of $39.49 and a 200 day moving average of $47.10.

Methanex (NASDAQ:MEOH - Get Rating) (TSE:MX) last issued its quarterly earnings results on Wednesday, July 27th. The specialty chemicals company reported $1.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.85 by ($0.69). Methanex had a net margin of 11.10% and a return on equity of 24.76%. The company had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.18 billion. Research analysts anticipate that Methanex will post 5.78 EPS for the current year.

Methanex Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Friday, September 16th will be paid a $0.175 dividend. This is a boost from Methanex's previous quarterly dividend of $0.15. This represents a $0.70 annualized dividend and a yield of 1.88%. The ex-dividend date of this dividend is Thursday, September 15th. Methanex's payout ratio is currently 8.99%.

Analysts Set New Price Targets

Several research firms have weighed in on MEOH. Jefferies Financial Group boosted their target price on shares of Methanex from $67.00 to $73.00 in a report on Thursday, June 16th. Raymond James lowered their price objective on Methanex from $58.00 to $50.00 and set a "market perform" rating for the company in a research report on Friday, July 29th. Barclays reduced their target price on Methanex from $60.00 to $52.00 in a research report on Tuesday, August 2nd. Piper Sandler lowered their price target on Methanex from $48.00 to $40.00 and set an "underweight" rating for the company in a report on Friday, July 29th. Finally, Royal Bank of Canada reduced their price objective on shares of Methanex from $60.00 to $55.00 and set an "outperform" rating on the stock in a report on Friday, July 29th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $51.23.

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MEOH Stock News Headlines

Methanex (NASDAQ:MEOH) Lifted to Buy at StockNews.com
Methanex (NASDAQ:MEOH) Downgraded by StockNews.com to Hold
Methanex (NASDAQ:MEOH) Price Target Cut to $52.00
Methanex (NASDAQ:MEOH) PT Lowered to $55.00
Methanex (NASDAQ:MEOH) Price Target Cut to $40.00
Expert Ratings for Methanex
Expert Ratings for Methanex - Benzinga
Methanex: Q2 Earnings Snapshot - Greenwich Time
Methanex Reports Second Quarter 2022 Results
Methanex Q2 2022 Earnings Preview - Seeking Alpha
Methanex (MEOH) Scheduled to Post Earnings on Wednesday
See More Headlines
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MEOH Company Calendar

Ex-Dividend for 6/30 Dividend
6/15/2022
Dividend Payable
6/30/2022
Last Earnings
7/27/2022
Today
8/16/2022
Ex-Dividend for 9/30 Dividend
9/15/2022
Dividend Payable
9/30/2022
Next Earnings (Estimated)
10/26/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

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

Price Target and Rating

Average Stock Price Forecast
$51.23
High Stock Price Forecast
$73.00
Low Stock Price Forecast
$34.00
Forecasted Upside/Downside
+37.4%
Consensus Rating
Hold
Rating Score (0-4)
2.25
Research Coverage
12 Analysts

Profitability

Net Income
$482.36 million
Pretax Margin
15.36%

Debt

Sales & Book Value

Annual Sales
$4.41 billion
Cash Flow
$10.74 per share
Book Value
$26.27 per share

Miscellaneous

Free Float
69,427,000
Market Cap
$2.61 billion
Optionable
Optionable
Beta
1.67

Social Links


Key Executives

  • Mr. John N. Floren (Age 63)
    Pres, CEO & Director
    Comp: $3.64M
  • 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













MEOH Stock - 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" 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.

What is Methanex's stock price forecast for 2022?

12 analysts have issued twelve-month price targets for Methanex's shares. Their MEOH share price forecasts range from $34.00 to $73.00. On average, they anticipate the company's share price to reach $51.23 in the next twelve months. This suggests a possible upside of 37.4% 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 2022?

Methanex's stock was trading at $39.55 at the beginning of 2022. Since then, MEOH shares have decreased by 5.7% and is now trading at $37.28.
View the best growth stocks for 2022 here
.

When is Methanex's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 26th 2022.
View our MEOH earnings forecast
.

How were Methanex's earnings last quarter?

Methanex Co. (NASDAQ:MEOH) posted its quarterly earnings data on Wednesday, July, 27th. The specialty chemicals company reported $1.16 earnings per share for the quarter, missing analysts' consensus estimates of $1.85 by $0.69. The specialty chemicals company had revenue of $1.14 billion for the quarter, compared to analysts' expectations of $1.18 billion. Methanex had a trailing twelve-month return on equity of 24.76% and a net margin of 11.10%.

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

Methanex announced a quarterly dividend on Thursday, July 14th. Shareholders of record on Friday, September 16th will be paid a dividend of $0.175 per share on Friday, September 30th. This represents a $0.70 annualized dividend and a dividend yield of 1.88%. The ex-dividend date of this dividend is Thursday, September 15th. This is a boost from the stock's previous quarterly dividend of $0.15.
Read our dividend analysis for MEOH
.

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 1.57%. 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 8.99%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MEOH will have a dividend payout ratio of 14.46% 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 number of retail and institutional investors. Top institutional investors include FMR LLC (5.77%), Mackenzie Financial Corp (1.21%), Scheer Rowlett & Associates Investment Management Ltd. (1.06%), Granite Investment Partners LLC (1.00%), Connor Clark & Lunn Investment Management Ltd. (0.80%) and Becker Capital Management Inc. (0.57%).

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 $37.28.

How much money does Methanex make?

Methanex (NASDAQ:MEOH) has a market capitalization of $2.61 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 $6.45 on an earnings per share basis.

How many employees does Methanex have?

The company 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 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 8/17/2022 by MarketBeat.com Staff

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