Methanex Corporation (MEOH)
NASDAQ: MEOH · Real-Time Price · USD
39.09
-0.08 (-0.20%)
Nov 1, 2024, 4:00 PM EDT - Market closed
Methanex Stock Forecast
Stock Price Forecast
The 6 analysts with 12-month price forecasts for Methanex stock have an average target of 55.83, with a low estimate of 44 and a high estimate of 68. The average target predicts an increase of 42.82% from the current stock price of 39.09.
Analyst Consensus: Buy
* Price targets were last updated on Sep 16, 2024.
Analyst Ratings
The average analyst rating for Methanex stock from 6 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | May '24 | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Buy | 3 | 3 | 3 | 3 | 3 | 3 |
| Hold | 2 | 2 | 2 | 2 | 2 | 2 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 6 | 6 | 6 | 6 | 6 | 6 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| UBS | UBS | Strong Buy Maintains $58 → $54 | Strong Buy | Maintains | $58 → $54 | +38.14% | Sep 16, 2024 |
| Raymond James | Raymond James | Buy Maintains $62 → $54 | Buy | Maintains | $62 → $54 | +38.14% | Sep 11, 2024 |
| Piper Sandler | Piper Sandler | Buy Maintains $51 → $68 | Buy | Maintains | $51 → $68 | +73.96% | Sep 10, 2024 |
| Barclays | Barclays | Buy → Hold Downgrades $56 → $44 | Buy → Hold | Downgrades | $56 → $44 | +12.56% | Sep 10, 2024 |
| RBC Capital | RBC Capital | Hold Reiterates $55 | Hold | Reiterates | $55 | +40.70% | Sep 3, 2024 |
Financial Forecast
Revenue This Year
3.89B
from 3.72B
Increased by 4.45%
Revenue Next Year
4.41B
from 3.89B
Increased by 13.27%
EPS This Year
2.63
from 2.57
Increased by 2.42%
EPS Next Year
4.25
from 2.63
Increased by 61.53%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 4.5B | 5.4B | 5.9B |
| Avg | 3.9B | 4.4B | 4.9B |
| Low | 3.4B | 3.8B | 4.2B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 19.8% | 38.2% | 33.3% |
| Avg | 4.4% | 13.3% | 11.3% |
| Low | -8.2% | -2.7% | -5.0% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 3.17 | 5.71 | 6.25 |
| Avg | 2.63 | 4.25 | 5.35 |
| Low | 1.79 | 2.57 | 4.35 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 23.5% | 117.2% | 47.0% |
| Avg | 2.4% | 61.5% | 25.9% |
| Low | -30.2% | -2.4% | 2.4% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.