Should I buy or sell Methanex stock right now?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Methanex in the last year. There are currently 3 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" MEOH shares. View MEOH analyst ratings or view top-rated stocks .

What is Methanex's stock price target for 2024?

7 brokers have issued 12 month target prices for Methanex's shares. Their MEOH share price targets range from $45.00 to $62.00. On average, they anticipate the company's share price to reach $53.50 in the next twelve months. This suggests a possible upside of 14.3% from the stock's current price. View analysts price targets for MEOH or view top-rated stocks among Wall Street analysts .

How have MEOH shares performed in 2024?

Methanex's stock was trading at $47.36 at the beginning of 2024. Since then, MEOH shares have decreased by 1.2% and is now trading at $46.80. View the best growth stocks for 2024 here .

When is Methanex's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 24th 2024. View our MEOH earnings forecast .

How can I listen to Methanex's earnings call?

Methanex will be holding an earnings conference call on Thursday, April 25th at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link .

How were Methanex's earnings last quarter?

Methanex Co. (NASDAQ:MEOH) released its earnings results on Wednesday, January, 31st. The specialty chemicals company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.28 by $0.24. The specialty chemicals company earned $922 million during the quarter, compared to the consensus estimate of $901.21 million. Methanex had a trailing twelve-month return on equity of 6.71% and a net margin of 4.67%.

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

Methanex declared a quarterly dividend on Thursday, February 1st. Stockholders of record on Thursday, March 14th will be paid a dividend of $0.185 per share on Thursday, March 28th. This represents a $0.74 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date of this dividend is Wednesday, March 13th. Read our dividend analysis for MEOH .

Is Methanex a good dividend stock?

Methanex (NASDAQ:MEOH) pays an annual dividend of $0.74 per share and currently has a dividend yield of 1.56%. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 30.08%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MEOH will have a dividend payout ratio of 16.63% 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 Xtrackers California Municipal Bond ETF (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) .

Who are Methanex's major shareholders?

Methanex's stock is owned by a number of retail and institutional investors. Top institutional investors include Addenda Capital Inc. (0.24%).

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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NASDAQ:MEOH

Methanex (MEOH) Stock Price, News & Analysis

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Free MEOH Stock Alerts

$47.06

+0.17 (+0.36%)

(As of 05:32 PM ET)

Compare

Today's Range: $46.67
▼
$47.54
50-Day Range: $41.61
▼
$51.23
52-Week Range: $38.18
▼
$51.42

Volume: 131,913 shs
Average Volume: 293,990 shs
Market Capitalization: $3.17 billion

P/E Ratio: 19.13
Dividend Yield: 1.57%
Price Target: $53.50

Get Methanex alerts:

Methanex MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.57 Rating Score
Upside/Downside: 14.3% Upside
$53.50 Price Target
Short Interest: Healthy
1.95% of Float Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.27
Based on 6 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 106.98%
From $2.15 to $4.45 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.95 out of 5 stars

Basic Materials Sector

50th out of 171 stocks

Industrial Organic Chemicals Industry

3rd out of 19 stocks

3.3

Analyst's Opinion

Consensus Rating
Methanex has received a consensus rating of Moderate Buy. The company's average rating score is 2.57, and is based on 4 buy ratings, 3 hold ratings, and no sell ratings.
Amount of Analyst Coverage
Methanex has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

3.0

Short Interest

Percentage of Shares Shorted
1.95% of the float of Methanex has been sold short.
Short Interest Ratio / Days to Cover
Methanex has a short interest ratio ("days to cover") of 4.3.
Change versus previous month
Short interest in Methanex has recently decreased by 2.99%, indicating that investor sentiment is improving.

2.5

Dividend Strength

Dividend Yield
Methanex pays a meaningful dividend of 1.56%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Methanex has only been increasing its dividend for 3 years.
Dividend Coverage
The dividend payout ratio of Methanex is 30.08%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Methanex will have a dividend payout ratio of 16.63% next year. This indicates that Methanex will be able to sustain or increase its dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for MEOH.

1.8

News and Social Media Coverage

News Sentiment
Methanex has a news sentiment score of 0.27. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.39 average news sentiment score of Basic Materials companies.
News Coverage This Week
MarketBeat has tracked 6 news articles for Methanex this week, compared to 3 articles on an average week.
Search Interest
Only 4 people have searched for MEOH on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Methanex insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 1.00% of the stock of Methanex is held by insiders.
Percentage Held by Institutions
73.49% of the stock of Methanex is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

3.1

Earnings and Valuation

Earnings Growth
Earnings for Methanex are expected to grow by 106.98% in the coming year, from $2.15 to $4.45 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Methanex is 19.02, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 139.35.
Price to Earnings Ratio vs. Sector
The P/E ratio of Methanex is 19.02, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 131.60.
Price to Book Value per Share Ratio
Methanex has a P/B Ratio of 1.45. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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About Methanex Stock (NASDAQ:MEOH)

Methanex Corporation produces and supplies methanol in China, Europe, the United States, South America, South Korea, Canada, and Asia. 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.

MEOH Stock Price History

30 days | 90 days | 365 days | Advanced Chart

MEOH Stock News Headlines

April 18, 2024 | americanbankingnews.com

Q1 2024 EPS Estimates for Methanex Co. (NASDAQ:MEOH) Lifted by Raymond James

April 17, 2024 | americanbankingnews.com

Methanex (MEOH) Set to Announce Earnings on Wednesday

April 18, 2024 | InvestorPlace (Ad)

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April 14, 2024 | americanbankingnews.com

Methanex Co. (NASDAQ:MEOH) Given Average Recommendation of "Moderate Buy" by Brokerages

April 9, 2024 | investorplace.com

MEOH Stock Earnings: Methanex Beats EPS, Beats Revenue for Q4 2023

March 28, 2024 | finance.yahoo.com

MEOH: Raising target price to $47.00

March 15, 2024 | finance.yahoo.com

MEOH Apr 2024 50.000 put

March 15, 2024 | finance.yahoo.com

MEOH Oct 2024 45.000 put

April 18, 2024 | InvestorPlace (Ad)

The Next Nvidia?

March 12, 2024 | finance.yahoo.com

Sustainability in the Maritime Market Size & Trends

March 8, 2024 | globenewswire.com

Methanex Releases 2023 Sustainability Report

March 6, 2024 | finance.yahoo.com

DOW Apr 2024 64.000 call

March 4, 2024 | markets.businessinsider.com

Scotiabank Reaffirms Their Buy Rating on Methanex (MEOH)

March 4, 2024 | markets.businessinsider.com

Methanex (MEOH) Receives a Buy from Barclays

March 3, 2024 | prnewswire.com

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Investors of Methanex Corporation - MEOH

March 1, 2024 | finance.yahoo.com

DOW Mar 2024 45.000 put

February 28, 2024 | stockhouse.com

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Investors of Methanex Corporation - MEOH

February 27, 2024 | msn.com

SHAREHOLDER ALERT: Potential Recovery for Methanex Corporation (MEOH) Investors

February 26, 2024 | businesswire.com

Methanex Corporation (MEOH) Investigation: Bronstein, Gewirtz & Grossman, LLC Encourages Investors to Seek Compensation for Alleged Wrongdoings

February 22, 2024 | businesswire.com

Kirby McInerney LLP Announces Investigation of Shareholder Claims Against Methanex Corp. (MEOH)

February 21, 2024 | theglobeandmail.com

Methanex isn’t Canada’s biggest company, but it’s a true global champion

February 21, 2024 | finance.yahoo.com

Methanex (MEOH) Offers Updates on Geismar G3 Methanol Plant

February 21, 2024 | msn.com

S&P/TSX composite edges higher, U.S. stock markets down after holiday Monday

February 20, 2024 | globenewswire.com

Methanex Provides Update on Geismar 3 Methanol Plant in Geismar, Louisiana

February 12, 2024 | markets.businessinsider.com

Methanex (MEOH) Gets a Buy from Barclays

February 6, 2024 | seekingalpha.com

Methanex: New G3 Project, Natural Gas Supply Agreement Highlight Positive Outlook

February 2, 2024 | markets.businessinsider.com

Analysts Offer Insights on Materials Companies: Methanex (MEOH) and Corteva (CTVA)

See More Headlines

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Company Calendar

Last Earnings: 1/31/2024
Ex-Dividend for 3/28 Dividend: 3/13/2024
Dividend Payable: 3/28/2024
Today: 4/18/2024
Next Earnings (Confirmed): 4/24/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Basic Materials
Industry: Industrial organic chemicals
Sub-Industry: N/A
Current Symbol: NASDAQ:MEOH
CUSIP: N/A
CIK: 886977
Web: www.methanex.com
Phone: (604) 661-2600
Fax: 604-661-2676
Employees: 1,451
Year Founded: 1968

Price Target and Rating

Average Stock Price Target: $53.50
High Stock Price Target: $62.00
Low Stock Price Target: $45.00
Potential Upside/Downside: +13.9%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.57
Research Coverage: 7 Analysts

Profitability

EPS (Most Recent Fiscal Year): $2.46
Trailing P/E Ratio: 19.10
Forward P/E Ratio: 21.85
P/E Growth: N/A
Net Income: $174.14 million
Net Margins: 4.67%
Pretax Margin: 7.67%
Return on Equity: 6.71%
Return on Assets: 2.36%

Debt

Debt-to-Equity Ratio: 0.84
Current Ratio: 1.14
Quick Ratio: 0.81

Sales & Book Value

Annual Sales: $3.72 billion
Price / Sales: 0.85
Cash Flow: $7.99 per share
Price / Cash Flow: 5.88
Book Value: $32.25 per share
Price / Book: 1.46

Miscellaneous

Outstanding Shares: 67,390,000
Free Float: 66,713,000
Market Cap: $3.17 billion
Optionable: Optionable
Beta: 1.50

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Key Executives

Mr. Richard W. Sumner (Age 49)
President, CEO & Director
Comp: $1.85M
Mr. Dean Richardson
Senior VP of Finance & Chief Financial Officer
Ms. Karine Delbarre
Senior Vice President of Global Marketing & Logistics
Mr. Bradley W. Boyd
Senior Vice President of Corporate Resources
Mr. Gustavo Parra
Senior Vice President of Manufacturing
Sarah Herriott
Director of Investor Relations
Mr. Kevin Price
Senior VP, General Counsel & Corporate Secretary
Mr. Kevin M. Maloney
Senior Vice President of Corporate Development
Mark Allard
Senior Vice President of Low Carbon Solutions
Rawle Ramlochan
Plant Manager

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

MEOH Stock Analysis - Frequently Asked Questions

Should I buy or sell Methanex stock right now?: 7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Methanex in the last year. There are currently 3 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" MEOH shares.
View MEOH analyst ratings or view top-rated stocks.
What is Methanex's stock price target for 2024?: 7 brokers have issued 12 month target prices for Methanex's shares. Their MEOH share price targets range from $45.00 to $62.00. On average, they anticipate the company's share price to reach $53.50 in the next twelve months. This suggests a possible upside of 14.3% from the stock's current price.
View analysts price targets for MEOH or view top-rated stocks among Wall Street analysts.
How have MEOH shares performed in 2024?: Methanex's stock was trading at $47.36 at the beginning of 2024. Since then, MEOH shares have decreased by 1.2% and is now trading at $46.80.
View the best growth stocks for 2024 here.
When is Methanex's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 24th 2024.
View our MEOH earnings forecast.
How can I listen to Methanex's earnings call?: Methanex will be holding an earnings conference call on Thursday, April 25th at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link.
How were Methanex's earnings last quarter?: Methanex Co. (NASDAQ:MEOH) released its earnings results on Wednesday, January, 31st. The specialty chemicals company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.28 by $0.24. The specialty chemicals company earned $922 million during the quarter, compared to the consensus estimate of $901.21 million. Methanex had a trailing twelve-month return on equity of 6.71% and a net margin of 4.67%.

How often does Methanex pay dividends? What is the dividend yield for Methanex?: Methanex declared a quarterly dividend on Thursday, February 1st. Stockholders of record on Thursday, March 14th will be paid a dividend of $0.185 per share on Thursday, March 28th. This represents a $0.74 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date of this dividend is Wednesday, March 13th.
Read our dividend analysis for MEOH.
Is Methanex a good dividend stock?: Methanex (NASDAQ:MEOH) pays an annual dividend of $0.74 per share and currently has a dividend yield of 1.56%. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 30.08%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MEOH will have a dividend payout ratio of 16.63% 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 Xtrackers California Municipal Bond ETF (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).
Who are Methanex's major shareholders?: Methanex's stock is owned by a number of retail and institutional investors. Top institutional investors include Addenda Capital Inc. (0.24%).
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:MEOH) was last updated on 4/18/2024 by MarketBeat.com Staff

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