Methanex Corporation (NASDAQ:MEOH) Stock Rated “Moderate Buy” by Sell-Side Analysts

Shares of Methanex Corporation (NASDAQ:MEOH) (TSE:MX) have earned an average recommendation of “Moderate Buy” from the eleven brokerages that are covering the company, Marketbeat.com reports. Four research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $71.33.

A number of brokerages have issued reports on MEOH. Zacks Research raised Methanex from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 15th. National Bank Financial lifted their price target on shares of Methanex from $70.00 to $79.00 and gave the company an “outperform” rating in a research report on Friday, October 16th. Weiss Ratings raised shares of Methanex from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, October 12th. UBS Group boosted their price objective on shares of Methanex from $71.00 to $74.00 and gave the stock a “buy” rating in a research note on Monday, October 5th. Finally, Wall Street Zen raised shares of Methanex from a “buy” rating to a “strong-buy” rating in a report on Saturday, October 3rd.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its holdings in Methanex by 4.7% during the first quarter. Dimensional Fund Advisors LP now owns 1,127,046 shares of the specialty chemicals company’s stock valued at $67,116,000 after acquiring an additional 50,681 shares during the period. Bank of America Corp DE bought a new position in shares of Methanex in the second quarter worth about $56,683,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Methanex in the second quarter worth about $53,605,000. Man Group plc bought a new position in shares of Methanex in the second quarter worth about $35,078,000. Finally, BlackRock Inc. acquired a new position in shares of Methanex during the 2nd quarter worth about $26,154,000. Institutional investors and hedge funds own 73.49% of the company’s stock.

Methanex Price Performance

Shares of NASDAQ:MEOH opened at $71.57 on Monday. The stock has a market capitalization of $5.54 billion, a P/E ratio of 15.76 and a beta of 0.72. The business has a 50-day moving average of $61.17 and a two-hundred day moving average of $56.29. Methanex has a fifty-two week low of $34.01 and a fifty-two week high of $72.32. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.69 and a quick ratio of 1.26.

Methanex (NASDAQ:MEOH) (TSE:MX) last issued its quarterly earnings data on Thursday, October 29th. The specialty chemicals company reported $3.69 EPS for the quarter, beating analysts’ consensus estimates of $2.84 by $0.85. Methanex had a return on equity of 20.89% and a net margin of 7.62%. The business had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same quarter in the prior year, the firm posted $0.06 EPS. The firm’s revenue for the quarter was up 49.7% on a year-over-year basis. On average, equities research analysts predict that Methanex will post 9.20 EPS for the current fiscal year.

Key Methanex News

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

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.