Scotiabank Has Bullish Forecast for Methanex FY2025 Earnings

Methanex Co. (TSE:MX - Free Report) NASDAQ: MEOH - Equities researchers at Scotiabank boosted their FY2025 EPS estimates for shares of Methanex in a report issued on Wednesday, March 19th. Scotiabank analyst B. Isaacson now expects that the company will earn $5.51 per share for the year, up from their prior estimate of $4.85. Scotiabank has a "Hold" rating on the stock. The consensus estimate for Methanex's current full-year earnings is $5.95 per share. Scotiabank also issued estimates for Methanex's FY2026 earnings at $5.39 EPS.

Separately, Cibc World Mkts raised Methanex from a "hold" rating to a "strong-buy" rating in a report on Tuesday, December 10th. Two equities research analysts have rated the stock with a hold rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Buy".

Methanex Stock Performance

MX traded up C$0.15 during midday trading on Monday, hitting C$51.51. 155,660 shares of the company were exchanged, compared to its average volume of 167,249. The firm has a market capitalization of C$2.45 billion, a price-to-earnings ratio of 16.19, a price-to-earnings-growth ratio of 0.44 and a beta of 1.79. The company's 50 day simple moving average is C$64.28 and its 200 day simple moving average is C$62.38. The company has a current ratio of 1.34, a quick ratio of 1.59 and a debt-to-equity ratio of 148.53. Methanex has a 1-year low of C$49.21 and a 1-year high of C$78.18.

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Insider Activity

In other news, Director Karine Delbarre bought 1,081 shares of Methanex stock in a transaction on Tuesday, March 11th. The shares were bought at an average cost of C$53.07 per share, with a total value of C$57,368.72. Also, Senior Officer Kevin Maloney purchased 1,400 shares of the company's stock in a transaction dated Tuesday, March 11th. The stock was purchased at an average cost of C$53.55 per share, with a total value of C$74,969.02. Company insiders own 0.35% of the company's stock.

About Methanex

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.