Methanex - MEOH Stock Forecast, Price & News

10 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 3 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.

10 Wall Street research analysts have issued 1 year target prices for Methanex's shares. Their MEOH share price forecasts range from $34.00 to $73.00. On average, they predict the company's stock price to reach $48.27 in the next twelve months. This suggests a possible upside of 26.0% 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 $39.55 at the start of the year. Since then, MEOH shares have decreased by 3.1% and is now trading at $38.32.
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Methanex saw a decline in short interest during the month of November. As of November 15th, there was short interest totaling 468,600 shares, a decline of 23.8% from the October 31st total of 615,300 shares. Based on an average daily trading volume, of 430,800 shares, the short-interest ratio is presently 1.1 days. Currently, 0.7% of the shares of the stock are sold short.
View Methanex's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, January 25th 2023.
View our MEOH earnings forecast.

Methanex Co. (NASDAQ:MEOH) announced its earnings results on Tuesday, October, 26th. The specialty chemicals company reported $1.29 EPS for the quarter, missing the consensus estimate 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 trailing twelve-month return on equity of 20.91% and a net margin of 11.22%. Methanex's revenue for the quarter was up 85.5% on a year-over-year basis. During the same period in the prior year, the firm earned ($1.03) EPS.

Methanex announced a quarterly dividend on Thursday, November 17th. Stockholders of record on Saturday, December 17th will be paid a dividend of $0.175 per share on Saturday, December 31st. This represents a $0.70 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date of this dividend is Thursday, December 15th.
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 1.81%. 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 21.28% 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 investors include Vanguard Group Inc. (2.79%), Balyasny Asset Management LLC (1.23%), Dimensional Fund Advisors LP (0.81%), Mackenzie Financial Corp (0.80%), Granite Investment Partners LLC (0.74%) and Renaissance Technologies LLC (0.37%).

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 $38.32.

Methanex (NASDAQ:MEOH) has a market capitalization of $2.68 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.