Methanex Corporation (MEOH)
NASDAQ: MEOH · IEX Real-Time Price · USD
47.71
-0.24 (-0.50%)
At close: Apr 24, 2024, 4:00 PM
48.77
+1.06 (2.22%)
After-hours: Apr 24, 2024, 5:12 PM EDT
Methanex Stock Forecast
Stock Price Forecast
The 6 analysts with 12-month price forecasts for Methanex stock have an average target of 54.17, with a low estimate of 45 and a high estimate of 60. The average target predicts an increase of 13.54% from the current stock price of 47.71.
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 | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 2 | 1 | 1 | 1 | 1 |
| Buy | 5 | 5 | 5 | 4 | 4 | 3 |
| Hold | 5 | 5 | 5 | 3 | 2 | 2 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 12 | 12 | 11 | 8 | 7 | 6 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| RBC Capital | RBC Capital | Hold Reiterates $45 | Hold | Reiterates | $45 | -5.68% | Apr 3, 2024 |
| Piper Sandler | Piper Sandler | Hold Maintains $50 | Hold | Maintains | $50 | +4.80% | Mar 7, 2024 |
| Barclays | Barclays | Buy Maintains $53 → $56 | Buy | Maintains | $53 → $56 | +17.38% | Feb 12, 2024 |
| UBS | UBS | Hold → Strong Buy Upgrades $51 → $60 | Hold → Strong Buy | Upgrades | $51 → $60 | +25.76% | Feb 8, 2024 |
| UBS | UBS | Hold Maintains $48 → $51 | Hold | Maintains | $48 → $51 | +6.90% | Jan 11, 2024 |
Financial Forecast
Revenue This Year
3.73B
from 3.72B
Increased by 0.28%
Revenue Next Year
4.09B
from 3.73B
Increased by 9.48%
EPS This Year
2.81
from 2.57
Increased by 9.51%
EPS Next Year
4.89
from 2.81
Increased by 73.76%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 4.6B | 5.2B | 4.3B |
| Avg | 3.7B | 4.1B | 4.1B |
| Low | 2.9B | 3.2B | 3.8B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 22.5% | 39.0% | 4.4% |
| Avg | 0.3% | 9.5% | 0.4% |
| Low | -22.5% | -13.8% | -6.4% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 4.18 | 5.90 | 7.39 |
| Avg | 2.81 | 4.89 | 6.79 |
| Low | 1.04 | 2.72 | 6.03 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 62.6% | 109.7% | 51.2% |
| Avg | 9.5% | 73.8% | 38.9% |
| Low | -59.6% | -3.2% | 23.2% |
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.