Methanex (MEOH) Stock Forecast, Price Target & Predictions
MEOH Stock Forecast
Methanex stock forecast is as follows: an average price target of $56.29 (represents a 33.10% upside from MEOH’s last price of $42.29) and a rating consensus of 'Hold', based on 23 wall street analysts offering a 1-year stock forecast.
MEOH Price Target
The average price target for Methanex (MEOH) is $56.29 based on 1-year price targets from 23 Wall Street analysts in the past 3 months, with a price target range of $68.00 to $44.00. This represents a potential 33.10% upside from MEOH's last price of $42.29.
MEOH Analyst Ratings
According to 23 Wall Street analysts, Methanex's rating consensus is 'Hold'. The analyst rating breakdown for MEOH stock is 0 'Strong Buy' (0.00%), 11 'Buy' (47.83%), 12 'Hold' (52.17%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Methanex Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Sep 17, 2024 | Joel Jackson | BMO Capital | $60.00 | $39.55 | 51.71% | 41.88% |
| Sep 16, 2024 | Joshua Spector | UBS | $54.00 | $38.45 | 40.46% | 27.69% |
| Sep 10, 2024 | Mike Leithead | Barclays | $44.00 | $37.28 | 18.03% | 4.04% |
| Sep 10, 2024 | Charles Neivert | Piper Sandler | $68.00 | $37.24 | 82.57% | 60.79% |
| Sep 03, 2024 | Ben Isaacson | Scotiabank | $60.00 | $44.52 | 34.77% | 41.88% |
| Aug 07, 2024 | Charles Neivert | Piper Sandler | $51.00 | $42.20 | 20.85% | 20.60% |
| Jun 03, 2024 | Nelson Ng | RBC Capital | $55.00 | $53.68 | 2.46% | 30.05% |
| Apr 29, 2024 | Ben Isaacson | Scotiabank | $58.00 | $50.35 | 15.19% | 37.15% |
| Feb 08, 2024 | Joshua Spector | UBS | $60.00 | $44.94 | 33.51% | 41.88% |
| Nov 01, 2023 | - | UBS | $45.00 | $43.30 | 3.93% | 6.41% |
The latest Methanex stock forecast, released on Sep 17, 2024 by Joel Jackson from BMO Capital, set a price target of $60.00, which represents a 51.71% increase from the stock price at the time of the forecast ($39.55), and a 41.88% increase from MEOH last price ($42.29).
Methanex Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 5 | 9 |
| Avg Price Target | - | $57.20 | $56.67 |
| Last Closing Price | $42.29 | $42.29 | $42.29 |
| Upside/Downside | -100.00% | 35.26% | 34.00% |
In the current month, the average price target of Methanex stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Methanex's last price of $42.29. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Sep 17, 2024 | BMO Capital | Outperform | Outperform | Hold |
| Sep 16, 2024 | UBS | Buy | Buy | Hold |
| Sep 10, 2024 | Piper Sandler | Overweight | Overweight | Hold |
| Sep 10, 2024 | Barclays | Overweight | Equal-Weight | Downgrade |
| Sep 09, 2024 | Raymond James | Outperform | Outperform | Hold |
| Sep 09, 2024 | Scotiabank | Outperform | Outperform | Hold |
| Sep 03, 2024 | Scotiabank | Sector Outperform | Sector Outperform | Hold |
| Aug 07, 2024 | Piper Sandler | Neutral | Overweight | Upgrade |
| Jul 18, 2024 | CIBC | Neutral | Neutral | Hold |
| Jul 10, 2024 | Scotiabank | Outperform | Outperform | Hold |
Methanex's last stock rating was published by BMO Capital on Sep 17, 2024. The company gave MEOH a "Outperform" rating, the same as its previous rate.
Methanex Financial Forecast
Methanex Revenue Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $1.04B | $986.12M | $1.01B | $1.14B | $1.18B | $1.25B | $1.08B | $1.07B | $1.02B | $811.32M | $581.26M | $512.29M | $745.09M | $1.16B | $649.69M |
| Avg Forecast | $1.07B | $951.71M | $975.56M | $1.03B | $1.09B | $1.00B | $1.00B | $992.66M | $958.47M | $864.75M | $955.66M | $860.12M | $868.82M | $756.98M | $881.59M | $949.79M | $921.48M | $947.76M | $1.13B | $1.20B | $1.20B | $972.16M | $901.33M | $789.66M | $641.81M | $449.05M | $492.14M | $698.61M | $736.85M | $634.16M |
| High Forecast | $1.14B | $1.01B | $1.04B | $1.09B | $1.16B | $1.06B | $1.07B | $1.06B | $995.33M | $918.61M | $1.02B | $913.70M | $898.51M | $901.33M | $936.50M | $1.01B | $978.88M | $947.76M | $1.13B | $1.20B | $1.20B | $972.16M | $901.33M | $789.66M | $641.81M | $449.05M | $492.14M | $698.61M | $736.85M | $634.16M |
| Low Forecast | $1.01B | $893.37M | $915.75M | $963.49M | $1.02B | $939.29M | $942.96M | $931.42M | $919.76M | $811.73M | $897.07M | $807.40M | $820.42M | $633.04M | $827.54M | $891.56M | $864.99M | $947.76M | $1.13B | $1.20B | $1.20B | $972.16M | $901.33M | $789.66M | $641.81M | $449.05M | $492.14M | $698.61M | $736.85M | $634.16M |
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 5 | 4 | 2 | 2 | 4 | 6 | 3 | 3 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 3 | 10 | 10 | 10 | 9 | 9 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.09% | 1.07% | 1.07% | 1.01% | 0.98% | 1.05% | 1.11% | 1.19% | 1.29% | 1.26% | 1.29% | 1.04% | 1.07% | 1.57% | 1.02% |
Methanex's average Quarter revenue forecast for Jun 23 based on 3 analysts is $881.59M, with a low forecast of $827.54M, and a high forecast of $936.50M. MEOH's average Quarter revenue forecast represents a -15.10% decrease compared to the company's last Quarter revenue of $1.04B (Mar 23).
Methanex EBITDA Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 5 | 4 | 2 | 2 | 4 | 6 | 3 | 3 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 3 | 10 | 10 | 10 | 9 | 9 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $233.08M | $183.92M | $178.12M | $305.27M | $305.09M | $343.64M | $226.94M | $265.06M | $264.63M | $90.94M | $24.90M | $32.20M | $157.40M | $138.59M | $89.26M |
| Avg Forecast | $216.52M | $192.24M | $197.06M | $207.33M | $220.11M | $202.12M | $202.91M | $200.51M | $193.60M | $174.67M | $193.04M | $271.52M | $175.50M | $152.90M | $178.07M | $246.84M | $56.36M | $191.44M | $227.82M | $264.00M | $241.59M | $196.37M | $182.06M | $269.49M | $129.64M | $90.70M | $99.41M | $139.91M | $148.84M | $128.10M |
| High Forecast | $230.01M | $204.21M | $209.33M | $220.24M | $233.82M | $214.71M | $215.55M | $213.89M | $201.05M | $185.55M | $205.06M | $325.83M | $181.49M | $182.06M | $189.17M | $296.21M | $67.63M | $191.44M | $227.82M | $316.80M | $241.59M | $196.37M | $182.06M | $323.39M | $129.64M | $90.70M | $99.41M | $167.89M | $148.84M | $128.10M |
| Low Forecast | $203.25M | $180.45M | $184.98M | $194.62M | $206.61M | $189.73M | $190.47M | $188.14M | $185.78M | $163.96M | $181.20M | $217.22M | $165.72M | $127.87M | $167.16M | $197.47M | $45.09M | $191.44M | $227.82M | $211.20M | $241.59M | $196.37M | $182.06M | $215.59M | $129.64M | $90.70M | $99.41M | $111.93M | $148.84M | $128.10M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.94% | 3.26% | 0.93% | 1.34% | 1.16% | 1.42% | 1.16% | 1.46% | 0.98% | 0.70% | 0.27% | 0.32% | 1.13% | 0.93% | 0.70% |
3 analysts predict MEOH's average Quarter EBITDA for Jun 23 to be $178.07M, with a high of $189.17M and a low of $167.16M. This is -23.60% lower than Methanex's previous annual EBITDA (Mar 23) of $233.08M.
Methanex Net Income Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 5 | 4 | 2 | 2 | 4 | 6 | 3 | 3 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 3 | 10 | 10 | 10 | 9 | 9 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $90.10M | $58.37M | $128.02M | $125.08M | $118.52M | $220.93M | $70.53M | $106.55M | $104.69M | $-26.82M | $-87.88M | $-64.75M | $22.77M | $8.98M | $-9.91M |
| Avg Forecast | $56.29M | $53.77M | $56.36M | $56.31M | $63.77M | $54.17M | $55.74M | $65.77M | $71.28M | $38.72M | $35.34M | $112.15M | $20.82M | $-3.61M | $36.56M | $101.95M | $-16.62M | $41.65M | $110.46M | $109.04M | $164.31M | $88.05M | $79.28M | $106.61M | $9.66M | $-57.98M | $-61.20M | $20.24M | $-4.91M | $-4.24M |
| High Forecast | $60.84M | $58.12M | $60.92M | $60.87M | $68.93M | $58.56M | $60.25M | $68.76M | $112.92M | $41.85M | $35.60M | $134.58M | $34.20M | $5.06M | $39.52M | $122.34M | $-13.30M | $41.65M | $110.46M | $130.85M | $164.31M | $88.05M | $79.28M | $127.93M | $9.66M | $-57.98M | $-61.20M | $24.29M | $-4.91M | $-4.24M |
| Low Forecast | $51.80M | $49.48M | $51.87M | $51.83M | $58.69M | $49.86M | $51.30M | $64.27M | $51.25M | $35.63M | $35.08M | $89.72M | $3.72M | $-14.45M | $33.65M | $81.56M | $-19.95M | $41.65M | $110.46M | $87.23M | $164.31M | $88.05M | $79.28M | $85.29M | $9.66M | $-57.98M | $-61.20M | $16.19M | $-4.91M | $-4.24M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.88% | -3.51% | 3.07% | 1.13% | 1.09% | 1.34% | 0.80% | 1.34% | 0.98% | -2.78% | 1.52% | 1.06% | 1.13% | -1.83% | 2.34% |
Methanex's average Quarter net income forecast for Jun 23 is $36.56M, with a range of $33.65M to $39.52M. MEOH's average Quarter net income forecast represents a -59.42% decrease compared to the company's last Quarter net income of $90.10M (Mar 23).
Methanex SG&A Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 5 | 4 | 2 | 2 | 4 | 6 | 3 | 3 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 3 | 10 | 10 | 10 | 9 | 9 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Avg Forecast | $110.21M | $97.85M | $100.31M | $105.54M | $112.04M | $102.89M | $103.29M | $102.07M | $98.55M | $88.91M | $98.26M | $88.44M | $89.33M | $77.83M | $90.64M | $97.66M | $94.75M | $97.45M | $115.97M | $122.89M | $122.97M | $99.96M | $92.67M | $81.19M | $65.99M | $46.17M | $50.60M | $71.83M | $75.76M | $65.20M |
| High Forecast | $117.08M | $103.95M | $106.55M | $112.11M | $119.02M | $109.29M | $109.72M | $108.88M | $102.34M | $94.45M | $104.38M | $93.95M | $92.38M | $92.67M | $96.29M | $103.74M | $100.65M | $97.45M | $115.97M | $122.89M | $122.97M | $99.96M | $92.67M | $81.19M | $65.99M | $46.17M | $50.60M | $71.83M | $75.76M | $65.20M |
| Low Forecast | $103.46M | $91.86M | $94.16M | $99.07M | $105.17M | $96.58M | $96.95M | $95.77M | $94.57M | $83.46M | $92.24M | $83.02M | $84.36M | $65.09M | $85.09M | $91.67M | $88.94M | $97.45M | $115.97M | $122.89M | $122.97M | $99.96M | $92.67M | $81.19M | $65.99M | $46.17M | $50.60M | $71.83M | $75.76M | $65.20M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Methanex's average Quarter SG&A projection for undefined is $NaN, based on undefined Wall Street analysts, with a range of $NaN to $NaN. The forecast indicates a NaN% fall compared to MEOH last annual SG&A of $NaN (undefined).
Methanex EPS Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 5 | 4 | 2 | 2 | 4 | 6 | 3 | 3 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 3 | 10 | 10 | 10 | 9 | 9 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $1.31 | $0.84 | $1.82 | $1.74 | $1.60 | $2.92 | $0.93 | $1.40 | $1.37 | $-0.35 | $-1.15 | $-0.85 | $0.30 | $0.12 | $-0.13 |
| Avg Forecast | $0.84 | $0.80 | $0.84 | $0.84 | $0.95 | $0.80 | $0.83 | $0.98 | $1.06 | $0.57 | $0.52 | $0.31 | $0.31 | $-0.05 | $0.54 | $0.95 | $0.44 | $0.62 | $1.64 | $2.02 | $2.44 | $1.31 | $1.18 | $1.05 | $0.14 | $-0.86 | $-0.91 | $0.08 | $-0.07 | $-0.06 |
| High Forecast | $0.90 | $0.86 | $0.90 | $0.90 | $1.02 | $0.87 | $0.89 | $1.02 | $1.68 | $0.62 | $0.53 | $0.31 | $0.51 | $0.08 | $0.59 | $1.03 | $0.48 | $0.62 | $1.64 | $2.02 | $2.44 | $1.31 | $1.18 | $1.05 | $0.14 | $-0.86 | $-0.91 | $0.08 | $-0.07 | $-0.06 |
| Low Forecast | $0.77 | $0.73 | $0.77 | $0.77 | $0.87 | $0.74 | $0.76 | $0.95 | $0.76 | $0.53 | $0.52 | $0.30 | $0.06 | $-0.21 | $0.50 | $0.87 | $0.41 | $0.62 | $1.64 | $2.02 | $2.44 | $1.31 | $1.18 | $1.05 | $0.14 | $-0.86 | $-0.91 | $0.08 | $-0.07 | $-0.06 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.38% | 1.90% | 2.95% | 1.06% | 0.79% | 1.20% | 0.71% | 1.19% | 1.30% | -2.44% | 1.34% | 0.94% | 3.61% | -1.65% | 2.07% |
According to 3 Wall Street analysts, Methanex's projected average Quarter EPS for Jun 23 is $0.54, with a low estimate of $0.50 and a high estimate of $0.59. This represents a -58.59% decrease compared to MEOH previous annual EPS of $1.31 (Mar 23).
Methanex Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| GPRE | Green Plains | $10.82 | $27.40 | 153.23% | Buy |
| TROX | Tronox | $10.91 | $19.43 | 78.09% | Buy |
| LXU | LSB Industries | $8.73 | $14.83 | 69.87% | Buy |
| HUN | Huntsman | $19.67 | $33.31 | 69.34% | Buy |
| ASIX | AdvanSix | $30.31 | $41.00 | 35.27% | Buy |
| MEOH | Methanex | $42.29 | $56.29 | 33.10% | Hold |
| WLKP | Westlake Chemical Partners LP | $22.61 | $29.00 | 28.26% | Buy |
| UNVR | Univar Solutions | $36.14 | $36.00 | -0.39% | Buy |