Methanex Corporation (NASDAQ:MEOH) Stock Has Consensus Price Target of $70.56

Shares of Methanex Corporation (NASDAQ:MEOH) (TSE:MX) have earned an average recommendation of “Moderate Buy” from the eleven ratings firms that are currently covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $71.33.

A number of analysts have recently weighed in on the stock. Weiss Ratings upgraded shares of Methanex from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, October 12th. Raymond James Financial raised their target price on shares of Methanex from $65.00 to $72.00 and gave the company a “market perform” rating in a research note on Monday. National Bank Financial lifted their target price on shares of Methanex from $70.00 to $79.00 and gave the stock an “outperform” rating in a report on Friday, October 16th. UBS Group boosted their target price on shares of Methanex from $71.00 to $74.00 and gave the stock a “buy” rating in a research report on Monday, October 5th. Finally, Wall Street Zen upgraded shares of Methanex from a “buy” rating to a “strong-buy” rating in a report on Saturday, October 3rd.

Methanex News Roundup

Here are the key news stories impacting Methanex this week:

• Positive Sentiment: Q3 earnings and revenue exceeded expectations. Methanex reported EPS of $3.69, above the $2.84 analyst consensus cited by MarketBeat and the $3.17 estimate cited by Zacks. Revenue rose 49.7% year over year to approximately $1.36 billion, also surpassing expectations. Methanex Q3 earnings results
• Positive Sentiment: Profitability and cash generation strengthened significantly. Net income attributable to shareholders reached $265 million, while adjusted EBITDA was $543 million and adjusted net income was $284 million. Results compare with just $0.06 of EPS in the year-ago quarter, signaling a sharp improvement in operating performance. Methanex reports higher third-quarter earnings and cash flows
• Positive Sentiment: Methanex authorized a share buyback of up to 5% of its outstanding stock. The company may repurchase and cancel as many as 3,868,213 shares between November 4, 2026 and November 3, 2027. Buybacks can support EPS and increase each remaining shareholder’s ownership interest if completed. Methanex announces 5% share repurchase program

Hedge Funds Weigh In On Methanex

Large investors have recently made changes to their positions in the business. State of Wyoming bought a new stake in shares of Methanex in the third quarter valued at approximately $322,000. Engineers Gate Manager LP increased its position in Methanex by 482.8% during the second quarter. Engineers Gate Manager LP now owns 75,384 shares of the specialty chemicals company’s stock worth $3,479,000 after acquiring an additional 62,449 shares during the period. Nykredit A S bought a new position in Methanex during the second quarter worth $83,000. Parkside Financial Bank & Trust bought a new position in Methanex during the second quarter worth $38,000. Finally, Readystate Asset Management LP acquired a new position in Methanex during the 2nd quarter valued at $2,255,000. Institutional investors and hedge funds own 73.49% of the company’s stock.

Methanex Stock Up 14.0%

MEOH opened at $71.57 on Monday. The business has a 50 day moving average price of $61.17 and a 200 day moving average price of $56.29. Methanex has a twelve month low of $34.01 and a twelve month high of $72.32. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.35 and a current ratio of 2.07. The firm has a market cap of $5.54 billion, a P/E ratio of 8.13 and a beta of 0.71.

Methanex (NASDAQ:MEOH) (TSE:MX) last announced its quarterly earnings results on Thursday, October 29th. The specialty chemicals company reported $3.69 EPS for the quarter, beating the consensus estimate of $2.84 by $0.85. Methanex had a return on equity of 21.53% and a net margin of 7.62%. The company had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter last year, the company posted $0.06 earnings per share. The company’s revenue for the quarter was up 49.7% compared to the same quarter last year. Research analysts forecast that Methanex will post 9.20 EPS for the current year.

Methanex Company Profile

Methanex Corporation is a global producer and supplier of methanol, a clear, biodegradable liquid chemical used in a wide range of industrial and consumer applications. The company markets methanol to customers worldwide and supports distribution through a global network of production facilities, storage terminals and transportation infrastructure.

Methanol is used to manufacture formaldehyde, acetic acid, solvents, adhesives, plastics and other chemical products. It is also used in fuel applications, including as a blending component, a feedstock for biodiesel and in the production of olefins and other alternative fuels.

Founded in 1992 and headquartered in Vancouver, British Columbia, Methanex operates production facilities and related assets in several regions, including North America, South America and New Zealand.