Methanex (MEOH) Stock Price, News & Analysis

Company Overview

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. The company owns and manages a fleet of approximately 30 ocean-going vessels. It serves chemical and petrochemical producers. Methanex Corporation was incorporated in 1968 and is headquartered in Vancouver, Canada.

Key Stats

• Today's Range: $40.70 to $41.40
• 50-Day Range: $36.58 to $46.69
• 52-Week Range: $36.13 to $56.43
• Volume: 184,850 shs
• Average Volume: 299,743 shs
• Market Capitalization: $2.77 billion
• P/E Ratio: 19.10
• Dividend Yield: 1.80%
• Price Target: $55.38
• Consensus Rating: Moderate Buy

Methanex Stock Analysis - MarketRank™

Methanex scored higher than 95% of companies evaluated by MarketBeat, and ranked 11th out of 195 stocks in the basic materials sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 4.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Methanex has received a consensus rating of Moderate Buy. The company's average rating score is 2.63, and is based on 5 buy ratings, 3 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Methanex has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 3.1 / 5
• Proj. Earnings Growth: 53.94%

Earnings Growth

Earnings for Methanex are expected to grow by 53.94% in the coming year, from $2.41 to $3.71 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Methanex is 19.10, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 133.47.

Price to Earnings Ratio vs. Sector

The P/E ratio of Methanex is 19.10, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 127.25.

Price to Book Value per Share Ratio

Methanex has a P/B Ratio of 1.27. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

0.94% of the float of Methanex has been sold short.

Short Interest Ratio / Days to Cover

Methanex has a short interest ratio ("days to cover") of 1.8, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Methanex has recently increased by 24.93%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Yield

Methanex pays a meaningful dividend of 1.76%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Methanex does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Methanex is 31.36%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Methanex will have a dividend payout ratio of 19.95% next year. This indicates that Methanex will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

0.94% of the float of Methanex has been sold short.

Short Interest Ratio / Days to Cover

Methanex has a short interest ratio ("days to cover") of 1.8, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Methanex has recently increased by 24.93%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.7 / 5
• News Sentiment: N/A

News Sentiment

Methanex has a news sentiment score of 0.84. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.35 average news sentiment score of Basic Materials companies.

News Coverage This Week

MarketBeat has tracked 1 news article for Methanex this week, compared to 4 articles on an average week.

MarketBeat Follows

2 people have added Methanex to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Methanex insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 1.00% of the stock of Methanex is held by insiders.

Percentage Held by Institutions

73.49% of the stock of Methanex is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

MEOH Stock Analysis - Frequently Asked Questions

How have MEOH shares performed this year?

Methanex's stock was trading at $47.36 at the start of the year. Since then, MEOH stock has decreased by 13.3% and is now trading at $41.07.
View the best growth stocks for 2024 here.

How were Methanex's earnings last quarter?

Methanex Co. (NASDAQ:MEOH) released its earnings results on Tuesday, July, 30th. The specialty chemicals company reported $0.62 EPS for the quarter, topping analysts' consensus estimates of $0.52 by $0.10. The business's revenue for the quarter was down 2.0% compared to the same quarter last year.

Who are Methanex's major shareholders?

Methanex's top institutional shareholders include Ritholtz Wealth Management (0.02%) and Value Partners Investments Inc. (0.01%).

How do I buy shares of Methanex?

Shares of MEOH stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Methanex own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Methanex investors own include NVIDIA (NVDA), Broadcom (AVGO), Meta Platforms (META), General Electric (GE), Adobe (ADBE), AbbVie (ABBV) and Micron Technology (MU).

Company Calendar

• Last Earnings: 7/30/2024
• Ex-Dividend for 9/30 Dividend: 9/16/2024
• Dividend Payable: 9/30/2024
• Today: 10/17/2024
• Next Earnings (Confirmed): 11/06/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Basic Materials
• Industry: Industrial organic chemicals
• Sub-Industry: Chemicals
• Current Symbol: NASDAQ:MEOH
• CUSIP: N/A
• CIK: 886977
• Web: www.methanex.com
• Phone: (604) 661-2600
• Fax: 604-661-2676
• Employees: 1,451
• Year Founded: 1968

Price Target and Rating

• Average Stock Price Target: $55.38
• High Stock Price Target: $68.00
• Low Stock Price Target: $44.00
• Potential Upside/Downside: +34.8%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.63
• Research Coverage: 8 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $2.36
• Trailing P/E Ratio: 19.10
• Forward P/E Ratio: 17.04
• P/E Growth: N/A
• Net Income: $174.14 million
• Net Margins: 4.05%
• Pretax Margin: 5.91%
• Return on Equity: 5.44%
• Return on Assets: 1.90%

Debt

• Debt-to-Equity Ratio: 0.80
• Current Ratio: 1.25
• Quick Ratio: 0.87

Sales & Book Value

• Annual Sales: $3.58 billion
• Price / Sales: 0.77
• Cash Flow: $7.69 per share
• Price / Cash Flow: 5.34
• Book Value: $32.25 per share
• Price / Book: 1.27

Miscellaneous

• Outstanding Shares: 67,387,000
• Free Float: 66,713,000
• Market Cap: $2.77 billion
• Optionable: Optionable
• Beta: 1.35