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NASDAQ:MEOH

Methanex - MEOH Stock Forecast, Price & News

$36.60
+0.83 (+2.32%)
(As of 08/8/2022 12:00 AM ET)
Add
Compare
Today's Range
$35.73
$36.84
50-Day Range
$34.23
$53.34
52-Week Range
$29.61
$56.79
Volume
366,791 shs
Average Volume
488,591 shs
Market Capitalization
$2.60 billion
P/E Ratio
5.67
Dividend Yield
1.62%
Price Target
$51.23

Methanex MarketRank™ Forecast

Analyst Rating
Hold
2.25 Rating Score
Upside/​Downside
40.0% Upside
$51.23 Price Target
Short Interest
Healthy
2.55% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
-0.45mentions 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.

2.77 out of 5 stars

Basic Materials Sector

22nd out of 224 stocks

Industrial Organic Chemicals Industry

2nd out of 23 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

Shares of MEOH opened at $35.77 on Monday. Methanex has a 12 month low of $29.61 and a 12 month high of $56.79. The stock has a fifty day moving average price of $41.14 and a 200-day moving average price of $47.44. The company has a current ratio of 2.35, a quick ratio of 1.77 and a debt-to-equity ratio of 0.90. The firm has a market cap of $2.54 billion, a PE ratio of 5.55 and a beta of 1.67.

Methanex (NASDAQ:MEOH - Get Rating) (TSE:MX) last released 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). Methanex had a net margin of 11.10% and a return on equity of 24.76%. The company had revenue of $1.14 billion for the quarter, compared to analysts' expectations of $1.18 billion. Equities research analysts predict that Methanex will post 5.78 earnings per share for the current fiscal year.

Methanex Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Friday, September 16th will be given a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a dividend yield of 1.96%. The ex-dividend date is Thursday, September 15th. This is a positive change from Methanex's previous quarterly dividend of $0.15. Methanex's payout ratio is presently 8.99%.

Wall Street Analysts Forecast Growth

MEOH has been the topic of several recent research reports. StockNews.com cut Methanex from a "buy" rating to a "hold" rating in a research report on Monday, August 1st. Barclays lowered their price objective on Methanex from $60.00 to $52.00 in a research report on Tuesday, August 2nd. UBS Group lowered their target price on Methanex from $36.00 to $34.00 and set a "sell" rating for the company in a report on Thursday, July 28th. Jefferies Financial Group upped their target price on Methanex from $67.00 to $73.00 in a research report on Thursday, June 16th. Finally, Scotiabank lowered Methanex from a "sector outperform" rating to a "sector perform" rating and set a $50.00 price target for the company. in a research report on Tuesday, May 31st. Two analysts have rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Methanex presently has a consensus rating of "Hold" and an average target price of $51.23.

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MEOH Stock News Headlines

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
UBS Group Trims Methanex (NASDAQ:MEOH) Target Price to $36.00
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
8/08/2022
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
+40.0%
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
$11.33 per share
Book Value
$26.27 per share

Miscellaneous

Free Float
69,427,000
Market Cap
$2.60 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 equities 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 equities 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 brokers have issued 1 year price objectives for Methanex's shares. Their MEOH stock forecasts range from $34.00 to $73.00. On average, they predict the company's share price to reach $51.23 in the next twelve months. This suggests a possible upside of 43.4% from the stock's current price.
View analysts price targets for MEOH
or view top-rated stocks among Wall Street analysts.

How has Methanex's stock price performed in 2022?

Methanex's stock was trading at $39.55 at the beginning of 2022. Since then, MEOH shares have decreased by 9.7% and is now trading at $35.73.
View the best growth stocks for 2022 here
.

When is Methanex's next earnings date?

Methanex 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 earnings results on Wednesday, July, 27th. The specialty chemicals company reported $1.16 EPS for the quarter, missing the consensus estimate of $1.85 by $0.69. The specialty chemicals company earned $1.14 billion during 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 1.96%. The ex-dividend date of this dividend is Thursday, September 15th. This is an increase 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 1.62%. 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 variety of retail and institutional investors. Top institutional shareholders include Scheer Rowlett & Associates Investment Management Ltd. (1.06%), Granite Investment Partners LLC (1.00%), Connor Clark & Lunn Investment Management Ltd. (0.80%), Becker Capital Management Inc. (0.57%), Victory Capital Management Inc. (0.52%) and TD Asset Management Inc. (0.40%).

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 $35.73.

How much money does Methanex make?

Methanex (NASDAQ:MEOH) has a market capitalization of $2.54 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?

Methanex 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 8/8/2022 by MarketBeat.com Staff

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