Methanex (MEOH) Stock Forecast, Price Target & Predictions
MEOH Stock Forecast
Methanex stock forecast is as follows: an average price target of $56.62 (represents a 50.03% upside from MEOH’s last price of $37.74) and a rating consensus of 'Hold', based on 22 wall street analysts offering a 1-year stock forecast.
MEOH Price Target
The average price target for Methanex (MEOH) is $56.62 based on 1-year price targets from 22 Wall Street analysts in the past 3 months, with a price target range of $68.00 to $44.00. This represents a potential 50.03% upside from MEOH's last price of $37.74.
MEOH Analyst Ratings
According to 22 Wall Street analysts, Methanex's rating consensus is 'Hold'. The analyst rating breakdown for MEOH stock is 0 'Strong Buy' (0.00%), 10 'Buy' (45.45%), 12 'Hold' (54.55%), 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 10, 2024 | Mike Leithead | Barclays | $44.00 | $37.28 | 18.03% | 16.59% |
| Sep 10, 2024 | Charles Neivert | Piper Sandler | $68.00 | $37.24 | 82.57% | 80.18% |
| Sep 03, 2024 | Ben Isaacson | Scotiabank | $60.00 | $44.52 | 34.77% | 58.98% |
| Aug 07, 2024 | Charles Neivert | Piper Sandler | $51.00 | $42.20 | 20.85% | 35.14% |
| Jun 03, 2024 | Nelson Ng | RBC Capital | $55.00 | $53.68 | 2.46% | 45.73% |
| Apr 29, 2024 | Ben Isaacson | Scotiabank | $58.00 | $50.35 | 15.19% | 53.68% |
| Feb 08, 2024 | Joshua Spector | UBS | $60.00 | $44.94 | 33.51% | 58.98% |
| Nov 01, 2023 | - | UBS | $45.00 | $43.30 | 3.93% | 19.24% |
| Feb 06, 2023 | - | RBC Capital | $50.00 | $51.36 | -2.65% | 32.49% |
| Nov 30, 2022 | - | RBC Capital | $45.00 | $40.38 | 11.44% | 19.24% |
The latest Methanex stock forecast, released on Sep 10, 2024 by Mike Leithead from Barclays, set a price target of $44.00, which represents a 18.03% increase from the stock price at the time of the forecast ($37.28), and a 16.59% increase from MEOH last price ($37.74).
Methanex Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 3 | 4 | 8 |
| Avg Price Target | $57.33 | $55.75 | $55.13 |
| Last Closing Price | $37.74 | $37.74 | $37.74 |
| Upside/Downside | 51.91% | 47.72% | 46.08% |
In the current month, the average price target of Methanex stock is $57.33, according to 3 Wall Street analysts offering twelve months forecast. The average price target represents a 51.91% increase as opposed to Methanex's last price of $37.74. This month's average price target is up 2.83% compared to last quarter, and up 3.99% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| 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 |
| Jul 09, 2024 | UBS | Buy | Buy | Hold |
| Jun 28, 2024 | RBC Capital | Sector Perform | Sector Perform | Hold |
Methanex's last stock rating was published by Piper Sandler on Sep 10, 2024. The company gave MEOH a "Overweight" 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 | $1.11B | $994.99M | $999.85M | $1.08B | $1.09B | $1.02B | $994.06M | $999.58M | $1.03B | $860.62M | $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 | $1.22B | $1.10B | $1.10B | $1.19B | $1.20B | $1.12B | $1.10B | $1.10B | $1.13B | $872.66M | $1.05B | $947.47M | $898.51M | $901.33M | $971.12M | $1.05B | $1.02B | $1.04B | $1.19B | $1.26B | $1.26B | $1.03B | $952.97M | $834.91M | $678.58M | $474.78M | $520.33M | $738.63M | $779.07M | $670.49M |
| Low Forecast | $975.38M | $873.13M | $877.40M | $949.73M | $954.42M | $893.76M | $872.32M | $877.16M | $901.73M | $840.94M | $838.62M | $754.78M | $820.42M | $633.04M | $773.62M | $833.46M | $808.63M | $831.69M | $1.04B | $1.10B | $1.10B | $893.62M | $828.52M | $725.87M | $589.96M | $412.77M | $452.38M | $642.17M | $677.33M | $582.93M |
| # Analysts | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 5 | 4 | 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 $773.62M, and a high forecast of $971.12M. 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 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 5 | 4 | 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 | $224.52M | $200.98M | $201.96M | $218.61M | $219.69M | $205.73M | $200.79M | $201.91M | $207.56M | $173.84M | $193.04M | $271.52M | $175.50M | $152.90M | $178.07M | $246.84M | $186.13M | $25.28M | $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 | $247.32M | $221.39M | $222.47M | $240.81M | $242.00M | $226.62M | $221.18M | $222.41M | $228.64M | $176.27M | $212.64M | $325.83M | $181.49M | $182.06M | $196.16M | $296.21M | $205.03M | $30.33M | $240.88M | $316.80M | $255.43M | $207.62M | $192.49M | $323.39M | $137.07M | $95.90M | $105.10M | $167.89M | $157.37M | $135.43M |
| Low Forecast | $197.02M | $176.37M | $177.23M | $191.84M | $192.79M | $180.53M | $176.20M | $177.18M | $182.14M | $169.86M | $169.39M | $217.22M | $165.72M | $127.87M | $156.27M | $197.47M | $163.34M | $20.22M | $209.42M | $211.20M | $222.07M | $180.50M | $167.35M | $215.59M | $119.17M | $83.38M | $91.38M | $111.93M | $136.81M | $117.75M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.94% | 0.99% | 7.05% | 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 $196.16M and a low of $156.27M. 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 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 5 | 4 | 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 | $81.31M | $68.30M | $66.47M | $74.13M | $71.76M | $59.51M | $61.24M | $68.14M | $56.05M | $32.08M | $35.34M | $112.15M | $20.82M | $-3.61M | $36.56M | $101.95M | $29.82M | $-89.19M | $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 | $92.04M | $77.32M | $75.24M | $83.91M | $81.23M | $67.36M | $69.32M | $77.13M | $63.45M | $43.03M | $40.00M | $134.58M | $34.20M | $5.06M | $41.39M | $122.34M | $33.76M | $-71.35M | $118.68M | $130.85M | $176.54M | $94.61M | $85.19M | $127.93M | $10.38M | $-51.89M | $-54.77M | $24.29M | $-4.39M | $-3.79M |
| Low Forecast | $68.36M | $57.42M | $55.88M | $62.32M | $60.33M | $50.03M | $51.49M | $57.29M | $47.12M | $11.73M | $29.71M | $89.72M | $3.72M | $-14.45M | $30.74M | $81.56M | $25.08M | $-107.03M | $98.86M | $87.23M | $147.05M | $78.81M | $70.96M | $85.29M | $8.64M | $-62.29M | $-65.75M | $16.19M | $-5.27M | $-4.55M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.88% | 1.96% | -1.44% | 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 $30.74M to $41.39M. 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 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 5 | 4 | 2 | 4 | 6 | 3 | 3 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 3 | 10 | 10 | 10 | 9 | 9 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Avg Forecast | $114.28M | $102.30M | $102.80M | $111.28M | $111.83M | $104.72M | $102.21M | $102.78M | $105.66M | $88.49M | $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 | $125.89M | $112.69M | $113.24M | $122.58M | $123.19M | $115.36M | $112.59M | $113.21M | $116.38M | $89.73M | $108.24M | $97.42M | $92.38M | $92.67M | $99.85M | $107.57M | $104.37M | $107.34M | $122.61M | $129.93M | $130.02M | $105.68M | $97.98M | $85.84M | $69.77M | $48.82M | $53.50M | $75.95M | $80.10M | $68.94M |
| Low Forecast | $100.29M | $89.77M | $90.21M | $97.65M | $98.13M | $91.90M | $89.69M | $90.19M | $92.72M | $86.47M | $86.23M | $77.61M | $84.36M | $65.09M | $79.54M | $85.70M | $83.14M | $85.51M | $106.60M | $112.96M | $113.04M | $91.88M | $85.19M | $74.63M | $60.66M | $42.44M | $46.51M | $66.03M | $69.64M | $59.94M |
| 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 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 5 | 4 | 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 | $1.21 | $1.01 | $0.99 | $1.10 | $1.06 | $0.88 | $0.91 | $1.01 | $0.83 | $0.48 | $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 | $1.37 | $1.15 | $1.12 | $1.25 | $1.21 | $1.00 | $1.03 | $1.14 | $0.94 | $0.64 | $0.59 | $0.35 | $0.51 | $0.08 | $0.61 | $1.08 | $0.50 | $0.70 | $1.76 | $2.17 | $2.62 | $1.40 | $1.26 | $1.13 | $0.15 | $-0.77 | $-0.81 | $0.09 | $-0.07 | $-0.06 |
| Low Forecast | $1.01 | $0.85 | $0.83 | $0.92 | $0.90 | $0.74 | $0.76 | $0.85 | $0.70 | $0.17 | $0.44 | $0.26 | $0.06 | $-0.21 | $0.46 | $0.80 | $0.37 | $0.52 | $1.47 | $1.81 | $2.18 | $1.17 | $1.05 | $0.94 | $0.13 | $-0.92 | $-0.98 | $0.07 | $-0.08 | $-0.07 |
| 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 $0.46 and a high estimate of $0.61. 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 | $12.58 | $28.80 | 128.93% | Buy |
| LXU | LSB Industries | $7.39 | $14.46 | 95.67% | Buy |
| TROX | Tronox | $12.05 | $20.43 | 69.54% | Buy |
| HUN | Huntsman | $22.06 | $35.23 | 59.70% | Buy |
| ASIX | AdvanSix | $27.44 | $43.00 | 56.71% | - |
| MEOH | Methanex | $37.74 | $56.62 | 50.03% | Hold |
| WLKP | Westlake Chemical Partners LP | $22.41 | $29.00 | 29.41% | Buy |
| UNVR | Univar Solutions | $36.14 | $36.00 | -0.39% | Buy |
MEOH Forecast FAQ
Is Methanex a good buy?
No, according to 22 Wall Street analysts, Methanex (MEOH) is considered a 'Hold'. The rating consensus is based on 0 'Strong Buy' and 10 'Buy' recommendations, accounting for 45.45% of MEOH's total ratings.
What is MEOH's price target?
Methanex (MEOH) average price target is $56.62 with a range of $44 to $68, implying a 50.03% from its last price of $37.74. The data is based on 22 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Methanex stock go up soon?
According to Wall Street analysts' prediction for MEOH stock, the company can go up by 50.03% (from the last price of $37.74 to the average price target of $56.62), up by 80.18% based on the highest stock price target, and up by 16.59% based on the lowest stock price target.
Can Methanex stock reach $60?
MEOH's highest twelve months analyst stock price target of $68 supports the claim that Methanex can reach $60 in the near future.
What is Methanex's current price target trend?
3 Wall Street analysts forecast a $57.33 price target for Methanex (MEOH) this month, up 51.91% from its last price of $37.74. Compared to the last 3 and 12 months, the average price target increased by 47.72% and increased by 46.08%, respectively.
What are Methanex's analysts' financial forecasts?
Methanex's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $4.1B (high $4.52B, low $3.6B), average EBITDA is $828.12M (high $912.22M, low $726.7M), average net income is $260.64M (high $295.05M, low $219.14M), average SG&A $421.54M (high $464.35M, low $369.91M), and average EPS is $3.87 (high $4.38, low $3.25). MEOH's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $4.19B (high $4.61B, low $3.68B), average EBITDA is $846.07M (high $931.99M, low $742.45M), average net income is $290.2M (high $328.51M, low $244M), average SG&A $430.67M (high $474.41M, low $377.93M), and average EPS is $4.31 (high $4.87, low $3.62).
Did the MEOH's actual financial results beat the analysts' financial forecasts?
Based on Methanex's last annual report (Dec 2022), the company's revenue was $4.31B, beating the average analysts forecast of $4.19B by 2.84%. Apple's EBITDA was $1.09B, beating the average prediction of $703.23M by 54.37%. The company's net income was $353.83M, beating the average estimation of $160.13M by 120.96%. Apple's SG&A was $0, missing the average forecast of $431.05M by -100.00%. Lastly, the company's EPS was $4.95, beating the average prediction of $4.72 by 4.80%. In terms of the last quarterly report (Mar 2023), Methanex's revenue was $1.04B, beating the average analysts' forecast of $949.79M by 9.33%. The company's EBITDA was $233.08M, missing the average prediction of $246.84M by -5.58%. Methanex's net income was $90.1M, missing the average estimation of $101.95M by -11.63%. The company's SG&A was $0, missing the average forecast of $97.66M by -100.00%. Lastly, the company's EPS was $1.31, beating the average prediction of $0.951 by 37.81%