Methanex - MEOH Stock Forecast, Price & News

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Methanex in the last year. There are currently 2 sell ratings, 4 hold ratings and 6 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.
View MEOH analyst ratings or view top-rated stocks.

12 Wall Street research analysts have issued 12-month price objectives for Methanex's stock. Their MEOH share price forecasts range from $34.00 to $73.00. On average, they expect the company's stock price to reach $50.92 in the next year. This suggests a possible upside of 64.6% 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 21.8% and is now trading at $30.93.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 26th 2022.
View our MEOH earnings forecast.

Methanex Co. (NASDAQ:MEOH) issued its quarterly earnings results on Wednesday, July, 27th. The specialty chemicals company reported $1.16 earnings per share for the quarter, missing the consensus estimate 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%.

Methanex announced a quarterly dividend on Thursday, July 14th. Shareholders of record on Friday, September 16th will be given a dividend of $0.175 per share on Friday, September 30th. This represents a $0.70 annualized dividend and a dividend yield of 2.26%. The ex-dividend date is Thursday, September 15th. This is a positive change from the stock's previous quarterly dividend of $0.15.
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 2.38%. 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 10.85%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MEOH will have a dividend payout ratio of 19.39% 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 institutional and retail investors. Top institutional investors include M&G Investment Management Ltd. (20.18%), FMR LLC (5.77%), Mackenzie Financial Corp (1.21%), Scheer Rowlett & Associates Investment Management Ltd. (1.06%), Granite Investment Partners LLC (1.00%) and Connor Clark & Lunn Investment Management Ltd. (0.80%).

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 $30.93.

Methanex (NASDAQ:MEOH) has a market capitalization of $2.17 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.

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.