Research Analysts’ Weekly Ratings Changes for Methanex (MEOH)

Several brokerages have updated their recommendations and price targets on shares of Methanex (NASDAQ: MEOH) in the last few weeks:

• 2/10/2025 – Methanex had its price target raised by analysts at Barclays PLC from $54.00 to $57.00. They now have an “equal weight” rating on the stock.
• 2/7/2025 – Methanex had its price target raised by analysts at UBS Group AG from $53.00 to $66.00. They now have a “buy” rating on the stock.
• 2/3/2025 – Methanex had its price target raised by analysts at CIBC from $59.00 to $63.00. They now have an “outperformer” rating on the stock.
• 1/31/2025 – Methanex had its “sector perform” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $55.00 price target on the stock.
• 1/30/2025 – Methanex had its price target raised by analysts at Scotiabank from $60.00 to $66.00. They now have a “sector outperform” rating on the stock.
• 1/27/2025 – Methanex had its price target raised by analysts at Barclays PLC from $46.00 to $54.00. They now have an “equal weight” rating on the stock.
• 1/14/2025 – Methanex had its price target raised by analysts at Raymond James from $54.00 to $60.00. They now have an “outperform” rating on the stock.
• 1/6/2025 – Methanex had its “sector perform” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $55.00 price target on the stock.

Methanex Stock Down 3.1 %

MEOH stock traded down $1.55 on Tuesday, hitting $48.28. 526,847 shares of the company’s stock were exchanged, compared to its average volume of 423,406. Methanex Co. has a 12-month low of $36.13 and a 12-month high of $56.43. The firm has a 50 day moving average price of $49.01 and a two-hundred day moving average price of $44.96. The company has a debt-to-equity ratio of 1.01, a quick ratio of 2.00 and a current ratio of 2.62. The stock has a market cap of $3.25 billion, a P/E ratio of 20.90 and a beta of 1.36.

Methanex (NASDAQ:MEOH) (TSE:MX) last announced its earnings results on Wednesday, January 29th. The specialty chemicals company reported $1.24 earnings per share for the quarter, topping the consensus estimate of $0.94 by $0.30. Methanex had a return on equity of 10.97% and a net margin of 4.41%. As a group, equities research analysts expect that Methanex Co. will post 4.2 EPS for the current fiscal year.

Methanex Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be paid a dividend of $0.185 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $0.74 annualized dividend and a yield of 1.53%. Methanex’s dividend payout ratio (DPR) is 32.03%.

Institutional Trading of Methanex

Several large investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC raised its holdings in Methanex by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 104,871 shares of the specialty chemicals company’s stock worth $4,340,000 after purchasing an additional 1,203 shares during the period. Barclays PLC raised its holdings in Methanex by 64.9% in the 3rd quarter. Barclays PLC now owns 20,447 shares of the specialty chemicals company’s stock worth $845,000 after purchasing an additional 8,047 shares during the period. Blue Trust Inc. raised its holdings in Methanex by 15.0% in the 4th quarter. Blue Trust Inc. now owns 2,845 shares of the specialty chemicals company’s stock worth $142,000 after purchasing an additional 371 shares during the period. Public Employees Retirement System of Ohio acquired a new position in Methanex in the 3rd quarter worth about $1,092,000. Finally, Point72 Asset Management L.P. raised its holdings in Methanex by 1,495.7% in the 3rd quarter. Point72 Asset Management L.P. now owns 138,827 shares of the specialty chemicals company’s stock worth $5,739,000 after purchasing an additional 130,127 shares during the period. Hedge funds and other institutional investors own 73.49% of the company’s stock.

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.