Zacks Research Upgrades Methanex (NASDAQ:MEOH) to Strong-Buy

Methanex (NASDAQ:MEOH) (TSE:MX) was upgraded by analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued on Thursday, Zacks reports.

Other equities analysts have also issued research reports about the stock. National Bank Financial increased their price target on shares of Methanex from $70.00 to $79.00 and gave the stock an “outperform” rating in a report on Friday. Canadian Imperial Bank of Commerce upgraded shares of Methanex from a “neutral” rating to a “sector outperform” rating and upped their target price for the stock from $69.00 to $71.00 in a research report on Monday, July 20th. Wall Street Zen upgraded shares of Methanex from a “buy” rating to a “strong-buy” rating in a research report on Saturday, October 3rd. Royal Bank Of Canada reduced their target price on Methanex from $70.00 to $65.00 and set a “sector perform” rating on the stock in a research note on Wednesday, July 1st. Finally, UBS Group raised their price target on Methanex from $71.00 to $74.00 and gave the company a “buy” rating in a research report on Monday, October 5th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $69.89.

Methanex Price Performance

Shares of MEOH stock traded up $1.35 during trading on Thursday, hitting $64.96. The company had a trading volume of 579,428 shares, compared to its average volume of 635,802. The stock’s 50-day moving average is $59.61 and its two-hundred day moving average is $57.75. The stock has a market capitalization of $5.03 billion, a price-to-earnings ratio of 63.07 and a beta of 0.71. The company has a quick ratio of 1.35, a current ratio of 2.07 and a debt-to-equity ratio of 0.83. Methanex has a 52 week low of $32.00 and a 52 week high of $66.75.

Methanex (NASDAQ:MEOH) (TSE:MX) last announced its earnings results on Tuesday, July 28th. The specialty chemicals company reported $3.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.00 by ($0.13). Methanex had a net margin of 2.07% and a return on equity of 11.35%. The company had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.43 billion. During the same quarter in the previous year, the firm earned $0.97 earnings per share. The company’s revenue for the quarter was up 75.0% compared to the same quarter last year. As a group, analysts predict that Methanex will post 8.73 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of MEOH. Parkside Financial Bank & Trust bought a new stake in shares of Methanex in the 2nd quarter worth approximately $38,000. Nykredit A S bought a new position in shares of Methanex during the 2nd quarter valued at $83,000. State of Wyoming bought a new position in shares of Methanex during the 2nd quarter valued at $153,000. Fifth Third Bancorp raised its position in Methanex by 1,087.3% in the 1st quarter. Fifth Third Bancorp now owns 3,823 shares of the specialty chemicals company’s stock worth $228,000 after purchasing an additional 3,501 shares during the period. Finally, Park National Corp OH purchased a new position in Methanex in the 1st quarter worth $233,000. 73.49% of the stock is currently owned by institutional investors.

Key Methanex News

Here are the key news stories impacting Methanex this week:

• Positive Sentiment: Zacks upgraded Methanex to Rank #1, or “Strong Buy.” The upgrade reflects improving earnings expectations and could attract additional buying interest in the near term. Methanex Upgraded to Strong Buy
• Positive Sentiment: National Bank Financial raised its price target to $79 from $70 and maintained an “outperform” rating. The new target implies approximately 21.6% upside from the referenced price, reinforcing the bullish outlook. National Bank Financial Price Target Update
• Positive Sentiment: Scotiabank increased its Methanex earnings forecasts. Its FY2026 EPS estimate rose to $8.52 from $7.43, while its FY2027 estimate increased to $6.20 from $4.97. The revisions indicate expectations for stronger profitability than previously anticipated. Scotiabank Earnings Estimate Revisions
• Positive Sentiment: BMO maintained its $75 price target. Although the target was not raised, it remains above the current share price and supports the generally favorable analyst view. BMO Methanex Price Target
• Neutral Sentiment: A Zacks analysis also examined whether MEOH remains undervalued, highlighting value, growth and momentum factors. The article provides supporting analysis rather than a separate fundamental catalyst. Is Methanex Stock Undervalued

About Methanex

Methanex Corporation (NASDAQ:MEOH) is a global producer and supplier of methanol, a basic chemical used in the manufacture of formaldehyde, acetic acid, plastics, paints, adhesives, solvents and other products. Methanol is also used in fuel applications, including as a blending component and as a feedstock for the production of other fuels and chemicals.

Founded in 1992 and headquartered in Vancouver, British Columbia, Methanex operates an international production and distribution network.