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Methanex (MEOH) Stock Forecast & Price Target

$48.76
-0.84 (-1.69%)
(As of 11:07 AM ET)

Methanex - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Based on 8 Wall Street analysts who have issued ratings for Methanex in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 8 analysts, 3 have given a hold rating, and 5 have given a buy rating for MEOH.

Consensus Price Target

$56.88
16.64% Upside
High Forecast$64.00
Average Forecast$56.88
Low Forecast$48.00

According to the 8 analysts' twelve-month price targets for Methanex, the average price target is $56.88. The highest price target for MEOH is $64.00, while the lowest price target for MEOH is $48.00. The average price target represents a forecasted upside of 16.64% from the current price of $48.76.

TypeCurrent Forecast
7/24/23 to 7/23/24
1 Month Ago
6/24/23 to 6/23/24
3 Months Ago
4/25/23 to 4/24/24
1 Year Ago
7/24/22 to 7/24/23
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Hold
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
5 Buy rating(s)
5 Buy rating(s)
4 Buy rating(s)
6 Buy rating(s)
Hold
3 Hold rating(s)
3 Hold rating(s)
3 Hold rating(s)
4 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
1 Sell rating(s)
Consensus Price Target$56.88$56.38$53.50$52.09
Forecasted Upside16.64% Upside18.28% Upside21.45% Upside16.64% Upside
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MEOH Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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MEOH Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Methanex Stock vs. The Competition

TypeMethanexBasic Materials CompaniesS&P 500
Consensus Rating Score
2.63
2.64
2.51
Consensus RatingModerate BuyModerate BuyModerate Buy
Predicted Upside14.67% Upside305.43% Upside9.26% Upside
News Sentiment RatingNeutral News
Neutral News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
7/10/2024Scotiabank
5 of 5 stars
 Boost TargetSector Outperform ➝ Sector Outperform$58.00 ➝ $60.00+22.30%
7/9/2024UBS Group
4 of 5 stars
 Boost TargetBuy ➝ Buy$62.00 ➝ $64.00+34.96%
6/28/2024Royal Bank of Canada
4 of 5 stars
 Reiterated RatingSector Perform ➝ Sector Perform$55.00 ➝ $55.00+14.06%
6/10/2024Jefferies Financial Group
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 Boost TargetBuy$56.00 ➝ $60.00+17.51%
3/7/2024Piper Sandler
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 Reiterated RatingNeutral ➝ Neutral$50.00+18.09%
2/21/2024Raymond James
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 Lower TargetOutperform$67.00 ➝ $62.00+42.23%
2/12/2024Barclays
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 Boost TargetOverweight ➝ Overweight$53.00 ➝ $56.00+19.35%
1/10/2024CIBC
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 Boost TargetNeutral$46.00 ➝ $48.00+7.53%
3/13/2023Alembic Global Advisors
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 UpgradeNeutral ➝ Overweight$40.00 ➝ $60.00+25.34%
2/6/2023Tudor Pickering
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 UpgradeHold ➝ Buy$60.00+19.31%
2/6/2023Tudor, Pickering, Holt & Co.
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 UpgradeHold ➝ Buy$60.00+19.31%
2/6/2023BMO Capital Markets
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 Boost TargetOutperform$60.00 ➝ $65.00+29.25%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 11:37 AM ET.

MEOH Forecast - Frequently Asked Questions

What is Methanex's forecast for 2024?

According to the research reports of 8 Wall Street equities research analysts, the average twelve-month stock price forecast for Methanex is $56.88, with a high forecast of $64.00 and a low forecast of $48.00.

Should I buy or sell Methanex stock right now?

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Methanex in the last twelve months. There are currently 3 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" MEOH shares.

Does Methanex's stock price have much upside?

According to analysts, Methanex's stock has a predicted upside of 21.90% based on their 12-month stock forecasts.

What analysts cover Methanex?

Methanex has been rated by research analysts at Jefferies Financial Group, Royal Bank of Canada, Scotiabank, and UBS Group in the past 90 days.

Do Wall Street analysts like Methanex more than its competitors?

Analysts like Methanex less than other "basic materials" companies. The consensus rating score for Methanex is 2.63 while the average consensus rating score for "basic materials" companies is 2.64. Learn more on how MEOH compares to other companies.


This page (NASDAQ:MEOH) was last updated on 7/23/2024 by MarketBeat.com Staff

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