Scotiabank Increases Methanex (NASDAQ:MEOH) Price Target to $70.00

Methanex (NASDAQ:MEOH) (TSE:MX) had its price objective raised by research analysts at Scotiabank from $60.00 to $70.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm currently has a “sector outperform” rating on the specialty chemicals company’s stock. Scotiabank’s price objective indicates a potential upside of 15.95% from the stock’s previous close. Scotiabank also issued estimates for Methanex’s Q1 2026 earnings at $0.54 EPS.

Several other equities analysts have also issued reports on MEOH. Zacks Research raised shares of Methanex from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 14th. Canadian Imperial Bank of Commerce lifted their price objective on shares of Methanex from $52.00 to $59.00 and gave the company a “neutral” rating in a report on Tuesday, March 17th. Weiss Ratings reissued a “hold (c)” rating on shares of Methanex in a report on Monday, December 29th. BMO Capital Markets lifted their price objective on shares of Methanex from $65.00 to $70.00 and gave the company an “outperform” rating in a report on Wednesday, March 18th. Finally, UBS Group lifted their price objective on shares of Methanex from $60.00 to $70.00 and gave the company a “buy” rating in a report on Thursday, April 9th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, Methanex has a consensus rating of “Moderate Buy” and an average price target of $59.20.

Methanex Stock Performance

Shares of NASDAQ:MEOH opened at $60.37 on Wednesday. The firm has a market cap of $4.67 billion, a PE ratio of 53.42 and a beta of 0.56. The firm’s 50 day simple moving average is $55.16 and its 200-day simple moving average is $45.47. Methanex has a one year low of $29.93 and a one year high of $66.75. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.37 and a current ratio of 2.06.

Methanex (NASDAQ:MEOH) (TSE:MX) last issued its earnings results on Thursday, March 5th. The specialty chemicals company reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.95). The company had revenue of $968.81 million for the quarter, compared to analysts’ expectations of $1.03 billion. Methanex had a return on equity of 5.35% and a net margin of 2.21%.The business’s revenue was up 2.1% compared to the same quarter last year. During the same period last year, the business posted $1.24 earnings per share. As a group, equities analysts predict that Methanex will post 4.55 EPS for the current year.

Hedge Funds Weigh In On Methanex

Several hedge funds and other institutional investors have recently bought and sold shares of the business. NewEdge Advisors LLC increased its holdings in Methanex by 33.3% in the 3rd quarter. NewEdge Advisors LLC now owns 2,000 shares of the specialty chemicals company’s stock worth $80,000 after buying an additional 500 shares during the period. Value Partners Investments Inc. increased its holdings in Methanex by 3.0% in the 3rd quarter. Value Partners Investments Inc. now owns 19,842 shares of the specialty chemicals company’s stock worth $789,000 after buying an additional 570 shares during the period. Parkside Financial Bank & Trust increased its holdings in Methanex by 61.0% in the 4th quarter. Parkside Financial Bank & Trust now owns 2,143 shares of the specialty chemicals company’s stock worth $85,000 after buying an additional 812 shares during the period. Franklin Resources Inc. increased its holdings in Methanex by 8.2% in the 4th quarter. Franklin Resources Inc. now owns 10,706 shares of the specialty chemicals company’s stock worth $425,000 after buying an additional 813 shares during the period. Finally, Amundi increased its holdings in Methanex by 3.9% in the 1st quarter. Amundi now owns 22,791 shares of the specialty chemicals company’s stock worth $800,000 after buying an additional 848 shares during the period. Institutional investors and hedge funds own 73.49% of the company’s stock.

Methanex Company Profile

Methanex Corporation is a Vancouver, Canada–based company and one of the world’s largest producers and suppliers of methanol. The company manufactures methanol, a key feedstock for a wide range of chemical products and industrial applications. Methanex markets its product to customers in energy, plastics, paints and coatings, and various chemical sectors, positioning the company as a critical link in the global supply chain for basic chemicals.

The company’s core product, methanol, serves as a building block for downstream chemicals such as formaldehyde, acetic acid and methyl tertiary butyl ether (MTBE).