Methanex Corporation (MEOH)
NASDAQ: MEOH · IEX Real-Time Price · USD
48.16
+0.55 (1.16%)
At close: Jul 2, 2024, 4:00 PM
48.14
-0.02 (-0.04%)
After-hours: Jul 2, 2024, 5:01 PM EDT
Methanex Stock Forecast
Stock Price Forecast
The 6 analysts with 12-month price forecasts for Methanex stock have an average target of 56.83, with a low estimate of 50 and a high estimate of 62. The average target predicts an increase of 18.00% from the current stock price of 48.16.
Analyst Consensus: Buy
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 | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Buy | 5 | 4 | 4 | 3 | 3 | 3 |
| Hold | 5 | 3 | 2 | 2 | 2 | 2 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 11 | 8 | 7 | 6 | 6 | 6 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| RBC Capital | RBC Capital | Hold Reiterates $55 | Hold | Reiterates | $55 | +14.20% | Jun 28, 2024 |
| RBC Capital | RBC Capital | Hold Maintains $50 → $55 | Hold | Maintains | $50 → $55 | +14.20% | Jun 3, 2024 |
| Scotiabank | Scotiabank | Buy Maintains $54 → $58 | Buy | Maintains | $54 → $58 | +20.43% | Apr 29, 2024 |
| UBS | UBS | Strong Buy Maintains $59 → $62 | Strong Buy | Maintains | $59 → $62 | +28.74% | Apr 25, 2024 |
| RBC Capital | RBC Capital | Hold Reiterates $45 | Hold | Reiterates | $45 | -6.56% | Apr 3, 2024 |
Financial Forecast
Revenue This Year
3.89B
from 3.72B
Increased by 4.47%
Revenue Next Year
4.13B
from 3.89B
Increased by 6.14%
EPS This Year
2.62
from 2.57
Increased by 2.10%
EPS Next Year
4.58
from 2.62
Increased by 74.44%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 4.6B | 5.1B | 4.2B |
| Avg | 3.9B | 4.1B | 4.1B |
| Low | 3.1B | 3.6B | 3.8B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 22.3% | 31.5% | 1.8% |
| Avg | 4.5% | 6.1% | -1.4% |
| Low | -16.1% | -8.4% | -7.3% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 3.52 | 5.78 | 6.16 |
| Avg | 2.62 | 4.58 | 5.21 |
| Low | 1.69 | 2.39 | 4.16 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 36.9% | 120.1% | 34.6% |
| Avg | 2.1% | 74.4% | 13.7% |
| Low | -34.4% | -8.9% | -9.2% |
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.