Should I buy or sell Methanex stock right now?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Methanex in the last year. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" MX shares. View MX analyst ratings or view top-rated stocks .

What is Methanex's stock price target for 2024?

2 analysts have issued 1 year price objectives for Methanex's stock. Their MX share price targets range from C$50.00 to C$50.00. On average, they predict the company's share price to reach C$50.00 in the next year. This suggests that the stock has a possible downside of 24.2%. View analysts price targets for MX or view top-rated stocks among Wall Street analysts .

How have MX shares performed in 2024?

Methanex's stock was trading at C$62.68 on January 1st, 2024. Since then, MX stock has increased by 5.2% and is now trading at C$65.93. 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 MX earnings forecast .

How were Methanex's earnings last quarter?

Methanex Co. (TSE:MX) posted its quarterly earnings results on Wednesday, January, 31st. The company reported $0.71 EPS for the quarter, beating the consensus estimate of $0.37 by $0.34. The firm earned $1.26 billion during the quarter, compared to the consensus estimate of $1.23 billion. Methanex had a trailing twelve-month return on equity of 12.35% and a net margin of 4.68%.

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

Methanex announced a quarterly dividend on Thursday, February 1st. Stockholders of record on Thursday, March 14th will be paid a dividend of 0.245 per share on Thursday, March 28th. This represents a $0.98 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date of this dividend is Wednesday, March 13th. Read our dividend analysis for MX .

Is Methanex a good dividend stock?

Methanex (TSE:MX) pays an annual dividend of C$1.01 per share and currently has a dividend yield of 1.48%. The dividend payout ratio is 28.86%. 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?

Based on aggregate information from My MarketBeat watchlists, some companies that other Methanex investors own include Toronto-Dominion Bank (TD) , Bank of Nova Scotia (BNS) , Suncor Energy (SU) , Air Canada (AC) , Magna International (MG) , BCE (BCE) , Royal Bank of Canada (RY) , Canadian National Railway (CNR) , Enbridge (ENB) and Canadian Natural Resources (CNQ) .

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 .

TSE:MX

Methanex (MX) Stock Price, News & Analysis

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Free MX Stock Alerts

C$65.93

+1.10 (+1.70%)

(As of 04/19/2024 ET)

Compare

Today's Range: C$65.15
▼
C$67.54
50-Day Range: C$56.18
▼
C$69.60
52-Week Range: C$50.57
▼
C$69.75

Volume: 162,039 shs
Average Volume: 96,822 shs
Market Capitalization: C$4.44 billion

P/E Ratio: 18.84
Dividend Yield: 1.53%
Price Target: C$50.00

Stock Analysis Analyst Forecasts Chart Competitors Dividend Earnings Headlines Insider Trades

Get Methanex alerts:

Methanex MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.50 Rating Score
Upside/Downside: 24.2% Downside
C$50.00 Price Target
Short Interest: N/A
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.92
Based on 4 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: N/A

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.

1.44 out of 5 stars

1.3

Analyst's Opinion

Consensus Rating
Methanex has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings.
Amount of Analyst Coverage
Methanex has received no research coverage in the past 90 days.

N/A

Short Interest

Short Interest
There is no current short interest data available for MX.

1.7

Dividend Strength

Dividend Yield
Methanex pays a meaningful dividend of 1.48%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Methanex does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Methanex is 28.86%. This payout ratio is at a healthy, sustainable level, below 75%.

N/A

Sustainability and ESG

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

2.7

News and Social Media Coverage

News Sentiment
Methanex has a news sentiment score of 0.92. 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 higher news sentiment than the 0.42 average news sentiment score of Basic Materials companies.
News Coverage This Week
MarketBeat has tracked 4 news articles for Methanex this week, compared to 1 article on an average week.
Search Interest
Only 8 people have searched for MX on MarketBeat in the last 30 days. This is a decrease of -56% 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 0.33% of the stock of Methanex is held by insiders.
Percentage Held by Institutions
82.77% of the stock of Methanex is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Methanex is 18.84, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 145.54.
Price to Earnings Ratio vs. Sector
The P/E ratio of Methanex is 18.84, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 141.83.
Price to Earnings Growth Ratio
Methanex has a PEG Ratio of 0.44. PEG Ratios below 1 indicate that a company could be undervalued.
Price to Book Value per Share Ratio
Methanex has a P/B Ratio of 2.30. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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About Methanex Stock (TSE:MX)

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.

MX Stock Price History

30 days | 90 days | 365 days | Advanced Chart

MX Stock News Headlines

April 18, 2024 | americanbankingnews.com

Q1 2024 Earnings Estimate for Methanex Co. (TSE:MX) Issued By Raymond James

April 17, 2024 | americanbankingnews.com

Methanex (MX) Scheduled to Post Earnings on Wednesday

April 20, 2024 | Altimetry (Ad)

Secret Bull Market Starts in This Unusual Sector

April 11, 2024 | americanbankingnews.com

Methanex (TSE:MX) Stock Passes Above Two Hundred Day Moving Average of $60.11

March 16, 2024 | finance.yahoo.com

MEOH Apr 2024 45.000 call

February 23, 2024 | msn.com

TSX Today: What to Watch for in Stocks on Wednesday, February 21

February 23, 2024 | finance.yahoo.com

MEOH Jul 2024 55.000 call

February 20, 2024 | theglobeandmail.com

Market movers: Stocks seeing action on Tuesday Feb. 20 - and why

April 20, 2024 | Altimetry (Ad)

Secret Bull Market Starts in This Unusual Sector

February 20, 2024 | msn.com

Methanex delays production start-up at Louisiana methanol plant

February 20, 2024 | msn.com

Commercial production at new Methanex plant in Louisiana delayed after problems

February 20, 2024 | finance.yahoo.com

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

February 16, 2024 | wsj.com

Methanex Corp.

January 31, 2024 | theglobeandmail.com

Methanex Reports Higher Fourth Quarter 2023 Earnings as Methanol Prices Strengthen; Geismar 3 in Start Up Process

January 20, 2024 | ca.finance.yahoo.com

MEOH Feb 2024 30.000 put

January 16, 2024 | finance.yahoo.com

Methanex Corporation to Speak at the 27th Annual CIBC Western Institutional Investor Conference

December 5, 2023 | ca.finance.yahoo.com

Methanex Corporation (MX.TO)

November 22, 2023 | msn.com

Methanex says Egypt methanol facility impacted by outage

November 22, 2023 | finance.yahoo.com

Methanex Corporation Provides Update on Egypt Operations

November 13, 2023 | finance.yahoo.com

Investing in Methanex (TSE:MX) three years ago would have delivered you a 30% gain

November 12, 2023 | theglobeandmail.com

Closing Bell: Methanex Corp up on Wednesday (MX)

October 25, 2023 | finance.yahoo.com

Be Wary Of Methanex (TSE:MX) And Its Returns On Capital

October 20, 2023 | finance.yahoo.com

Methanex's Commitment to Environment, Health and Safety Recognized With Three Responsible Care® Awards

October 13, 2023 | msn.com

Methanex lowers EBITDA outlook after opening one Trinidad plant, closing another

October 10, 2023 | finance.yahoo.com

Pleasing Signs As A Number Of Insiders Buy Methanex Stock

September 26, 2023 | finance.yahoo.com

Methanex Corporation's (TSE:MX) large institutional owners must be happy as stock continues to impress, up 6.3% over the past week

September 18, 2023 | finance.yahoo.com

Methanex Corporation Appoints John Sampson to its Board of Directors

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: 4/19/2024
Next Earnings (Confirmed): 4/24/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: TSE
Sector: Basic Materials
Industry: Chemicals
Sub-Industry: N/A
Current Symbol: TSE:MX
CUSIP: N/A
CIK: N/A
Web: www.methanex.com
Phone: +1-604-6612600
Fax: N/A
Employees: 1,451
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: C$50.00
High Stock Price Target: C$50.00
Low Stock Price Target: C$50.00
Potential Upside/Downside: -25.1%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.50
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): C$3.50
Trailing P/E Ratio: 19.07
Forward P/E Ratio: 20.11
P/E Growth: 0.44
Net Income: C$174.14 million
Net Margins: 4.68%
Pretax Margin: N/A
Return on Equity: 12.35%
Return on Assets: 2.52%

Debt

Debt-to-Equity Ratio: 138.70
Current Ratio: 1.14
Quick Ratio: 1.59

Sales & Book Value

Annual Sales: C$3.72 billion
Price / Sales: 1.21
Cash Flow: C$18.33 per share
Price / Cash Flow: 3.64
Book Value: C$28.65 per share
Price / Book: 2.33

Miscellaneous

Outstanding Shares: 67,390,000
Free Float: N/A
Market Cap: C$4.50 billion
Optionable: Not Optionable
Beta: 1.94

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Key Executives

Mr. Dean Richardson
Senior VP of Finance & Chief Financial Officer
Rawle Ramlochan
Plant Manager

Key Competitors

View All Competitors

Insiders

Alejandro Larrive
Sold 1,000 shares
Total: C$64,480.00 ($64.48/share)

View All Insider Transactions

MX Stock Analysis - Frequently Asked Questions

Should I buy or sell Methanex stock right now?: 2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Methanex in the last year. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" MX shares.
View MX analyst ratings or view top-rated stocks.
What is Methanex's stock price target for 2024?: 2 analysts have issued 1 year price objectives for Methanex's stock. Their MX share price targets range from C$50.00 to C$50.00. On average, they predict the company's share price to reach C$50.00 in the next year. This suggests that the stock has a possible downside of 24.2%.
View analysts price targets for MX or view top-rated stocks among Wall Street analysts.
How have MX shares performed in 2024?: Methanex's stock was trading at C$62.68 on January 1st, 2024. Since then, MX stock has increased by 5.2% and is now trading at C$65.93.
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 MX earnings forecast.
How were Methanex's earnings last quarter?: Methanex Co. (TSE:MX) posted its quarterly earnings results on Wednesday, January, 31st. The company reported $0.71 EPS for the quarter, beating the consensus estimate of $0.37 by $0.34. The firm earned $1.26 billion during the quarter, compared to the consensus estimate of $1.23 billion. Methanex had a trailing twelve-month return on equity of 12.35% and a net margin of 4.68%.

How often does Methanex pay dividends? What is the dividend yield for Methanex?: Methanex announced a quarterly dividend on Thursday, February 1st. Stockholders of record on Thursday, March 14th will be paid a dividend of 0.245 per share on Thursday, March 28th. This represents a $0.98 dividend on an annualized basis and a dividend yield of 1.49%. The ex-dividend date of this dividend is Wednesday, March 13th.
Read our dividend analysis for MX.
Is Methanex a good dividend stock?: Methanex (TSE:MX) pays an annual dividend of C$1.01 per share and currently has a dividend yield of 1.48%. The dividend payout ratio is 28.86%. 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?: Based on aggregate information from My MarketBeat watchlists, some companies that other Methanex investors own include Toronto-Dominion Bank (TD), Bank of Nova Scotia (BNS), Suncor Energy (SU), Air Canada (AC), Magna International (MG), BCE (BCE), Royal Bank of Canada (RY), Canadian National Railway (CNR), Enbridge (ENB) and Canadian Natural Resources (CNQ).
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.

This page (TSE:MX) was last updated on 4/20/2024 by MarketBeat.com Staff

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Methanex (MX) Stock Price, News & Analysis

Methanex MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

Company Ownership

Earnings and Valuation

About Methanex Stock (TSE:MX)

MX Stock Price History

MX Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders

MX Stock Analysis - Frequently Asked Questions

Overall MarketRank^™