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TSE:MX

Methanex - MX Stock Forecast, Price & News

C$47.89
+0.17 (+0.36%)
(As of 08/16/2022 03:26 PM ET)
Add
Compare
Today's Range
C$47.33
C$48.53
50-Day Range
C$44.85
C$67.19
52-Week Range
C$37.85
C$71.63
Volume
104,174 shs
Average Volume
225,580 shs
Market Capitalization
C$3.37 billion
P/E Ratio
5.43
Dividend Yield
1.91%
Price Target
C$54.77

Methanex MarketRank™ Forecast

Analyst Rating
Hold
2.23 Rating Score
Upside/​Downside
14.2% Upside
C$54.77 Price Target
Short Interest
N/A
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
Acquiring Shares
C$11,592 Bought Last Quarter
Proj. Earnings Growth
N/A

Overall MarketRank

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

2.15 out of 5 stars

MX stock logo

About Methanex (TSE:MX) 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 Price Performance

Shares of MX traded down C$1.43 during midday trading on Monday, reaching C$47.72. The stock had a trading volume of 97,619 shares, compared to its average volume of 226,426. The company's 50-day moving average is C$51.28 and its 200 day moving average is C$60.19. Methanex has a 12-month low of C$37.85 and a 12-month high of C$71.63. The company has a current ratio of 2.35, a quick ratio of 1.66 and a debt-to-equity ratio of 125.85. The company has a market capitalization of C$3.35 billion and a price-to-earnings ratio of 5.36.

Methanex (TSE:MX - Get Rating) (NASDAQ:MEOH) last posted its quarterly earnings data on Wednesday, July 27th. The company reported C$1.48 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of C$2.38 by C($0.90). The firm had revenue of C$1.45 billion during the quarter, compared to analysts' expectations of C$1.51 billion. On average, equities analysts predict that Methanex will post 4.8699997 EPS for the current fiscal year.

Methanex Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Friday, September 16th will be paid a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date of this dividend is Thursday, September 15th. This is a positive change from Methanex's previous quarterly dividend of $0.16. Methanex's payout ratio is 5.90%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on MX. Barclays lowered their target price on Methanex to C$52.00 and set a "buy" rating on the stock in a research note on Tuesday, August 2nd. Scotiabank lowered Methanex to a "hold" rating and set a C$50.00 target price on the stock. in a research note on Tuesday, May 31st. Alembic Global Advisors restated a "hold" rating and issued a C$40.00 target price on shares of Methanex in a research note on Monday, May 9th. Piper Sandler lowered Methanex to a "sell" rating and set a C$48.00 target price on the stock. in a research note on Tuesday, May 10th. Finally, BMO Capital Markets restated a "buy" rating and issued a C$65.00 target price on shares of Methanex in a research note on Friday, April 29th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of C$54.77.

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MX Stock News Headlines

Barclays Trims Methanex (TSE:MX) Target Price to C$52.00
Methanex (TSE:MX) Stock Price Down 6.9%
Methanex (MX) Set to Announce Earnings on Wednesday
See More Headlines
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MX Company Calendar

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

Industry, Sector and Symbol

Industry
Chemicals
Sub-Industry
N/A
CIK
N/A
Fax
N/A
Employees
1,300
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
C$54.77
High Stock Price Forecast
C$75.00
Low Stock Price Forecast
C$36.00
Forecasted Upside/Downside
+14.4%
Consensus Rating
Hold
Rating Score (0-4)
2.23
Research Coverage
13 Analysts

Profitability

Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$4.64 billion
Cash Flow
C$12.17 per share
Book Value
C$29.25 per share

Miscellaneous

Free Float
N/A
Market Cap
C$3.37 billion
Optionable
Optionable
Beta
N/A

Key Executives

  • Mr. John N. Floren (Age 63)
    Pres, CEO & Director
    Comp: $4.75M
  • 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













MX Stock - Frequently Asked Questions

Should I buy or sell Methanex stock right now?

13 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Methanex in the last year. There are currently 2 sell ratings, 6 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" MX shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MX, but not buy additional shares or sell existing shares.
View MX analyst ratings
or view top-rated stocks.

What is Methanex's stock price forecast for 2022?

13 Wall Street analysts have issued 12 month price targets for Methanex's shares. Their MX share price forecasts range from C$36.00 to C$75.00. On average, they expect the company's stock price to reach C$54.77 in the next year. This suggests a possible upside of 14.8% from the stock's current price.
View analysts price targets for MX
or view top-rated stocks among Wall Street analysts.

How have MX shares performed in 2022?

Methanex's stock was trading at C$50.04 at the beginning of 2022. Since then, MX stock has decreased by 4.6% and is now trading at C$47.72.
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 MX earnings forecast
.

How were Methanex's earnings last quarter?

Methanex Co. (TSE:MX) released its earnings results on Wednesday, July, 27th. The company reported $1.48 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.38 by $0.90. The company earned $1.45 billion during the quarter, compared to the consensus estimate of $1.51 billion.

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

Methanex declared a quarterly dividend on Thursday, July 14th. Shareholders of record on Friday, September 16th will be paid a dividend of 0.225 per share on Friday, September 30th. This represents a $0.90 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date is Thursday, September 15th. This is an increase from the stock's previous quarterly dividend of C$0.16.
Read our dividend analysis for MX
.

Is Methanex a good dividend stock?

Methanex (TSE:MX) pays an annual dividend of C$0.52 per share and currently has a dividend yield of 1.85%. The dividend payout ratio is 5.90%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for MX.

What other stocks do shareholders of Methanex own?
What is Methanex's stock symbol?

Methanex trades on the Toronto Stock Exchange (TSX) under the ticker symbol "MX."

How do I buy shares of Methanex?

Shares of MX stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

What is Methanex's stock price today?

One share of MX stock can currently be purchased for approximately C$47.72.

How much money does Methanex make?

Methanex (TSE:MX) has a market capitalization of C$3.35 billion and generates C$4.64 billion in revenue each year.

How many employees does Methanex have?

The company employs 1,300 workers across the globe.

How can I contact Methanex?

Methanex's mailing address is 1800-200 Burrard St, VANCOUVER, BC V6C 3M1, Canada. The official website for the company is www.methanex.com. The company can be reached via phone at +1-604-6612600.

This page (TSE:MX) was last updated on 8/16/2022 by MarketBeat.com Staff

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