Methanex (MEOH) Stock Forecast, Price Target & Predictions
MEOH Stock Forecast
Methanex stock forecast is as follows: an average price target of $57.20 (represents a 21.39% upside from MEOH’s last price of $47.12) and a rating consensus of 'Buy', based on 23 wall street analysts offering a 1-year stock forecast.
MEOH Price Target
The average price target for Methanex (MEOH) is $57.20 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 21.39% upside from MEOH's last price of $47.12.
MEOH Analyst Ratings
According to 23 Wall Street analysts, Methanex's rating consensus is 'Buy'. The analyst rating breakdown for MEOH stock is 0 'Strong Buy' (0.00%), 12 'Buy' (52.17%), 11 'Hold' (47.83%), 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% | 27.33% |
| Sep 16, 2024 | Joshua Spector | UBS | $54.00 | $38.45 | 40.46% | 14.60% |
| Sep 10, 2024 | Mike Leithead | Barclays | $44.00 | $37.28 | 18.03% | -6.62% |
| Sep 10, 2024 | Charles Neivert | Piper Sandler | $68.00 | $37.24 | 82.57% | 44.31% |
| Sep 03, 2024 | Ben Isaacson | Scotiabank | $60.00 | $44.52 | 34.77% | 27.33% |
| Aug 07, 2024 | Charles Neivert | Piper Sandler | $51.00 | $42.20 | 20.85% | 8.23% |
| Jun 03, 2024 | Nelson Ng | RBC Capital | $55.00 | $53.68 | 2.46% | 16.72% |
| Apr 29, 2024 | Ben Isaacson | Scotiabank | $58.00 | $50.35 | 15.19% | 23.09% |
| Feb 08, 2024 | Joshua Spector | UBS | $60.00 | $44.94 | 33.51% | 27.33% |
| Nov 01, 2023 | UBS | $45.00 | $43.30 | 3.93% | -4.50% | |
| Feb 06, 2023 | RBC Capital | $50.00 | $51.36 | -2.65% | 6.11% | |
| Nov 30, 2022 | RBC Capital | $45.00 | $40.38 | 11.44% | -4.50% | |
| May 02, 2022 | Michael Leithead | Barclays | $63.00 | $50.16 | 25.60% | 33.70% |
| Oct 29, 2021 | Jacob Bout | CIBC | $53.32 | $44.53 | 19.73% | 13.15% |
| Oct 05, 2021 | Ben Isaacson | Scotiabank | $56.00 | $51.50 | 8.74% | 18.85% |
| Sep 27, 2021 | Laurence Alexander | Jefferies | $56.00 | $47.86 | 17.01% | 18.85% |
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 27.33% increase from MEOH last price ($47.12).
Methanex Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | - | 9 |
| Avg Price Target | - | - | $56.67 |
| Last Closing Price | $47.12 | $47.12 | $47.12 |
| Upside/Downside | -100.00% | -100.00% | 20.27% |
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 $47.12. This month's average price target is down NaN% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Dec 10, 2024 | CIBC | Neutral | Outperform | Upgrade |
| Dec 02, 2024 | RBC Capital | Sector Perform | Sector Perform | Hold |
| 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 |
| Jul 09, 2024 | UBS | Buy | Buy | Hold |
| Jun 28, 2024 | RBC Capital | Sector Perform | Sector Perform | Hold |
| Jun 03, 2024 | RBC Capital | Sector Perform | Sector Perform | Hold |
| Apr 29, 2024 | Scotiabank | Outperform | Outperform | Hold |
| Apr 29, 2024 | Scotiabank | Sector Outperform | Sector Outperform | Hold |
| Feb 08, 2024 | UBS | Neutral | Buy | Upgrade |
| Nov 01, 2023 | UBS | Neutral | Upgrade | |
| Oct 30, 2023 | Scotiabank | Outperform | Sector Outperform | Upgrade |
| Sep 19, 2023 | Raymond James | Outperform | Upgrade | |
| Sep 19, 2023 | Daiwa | Neutral | Downgrade | |
| Apr 11, 2023 | Piper Sandler | Neutral | Upgrade | |
| Mar 13, 2023 | Morgan Stanley | Equal-Weight | Initialise | |
| Mar 13, 2023 | Credit Suisse | Outperform | Initialise | |
| Mar 13, 2023 | Cowen & Co. | Market Perform | Downgrade | |
| Mar 13, 2023 | Bernstein | Market Perform | Downgrade | |
| Mar 13, 2023 | Truist Financial | Market Perform | Upgrade | |
| Mar 13, 2023 | Wells Fargo | Equal-Weight | Downgrade | |
| Mar 13, 2023 | Citigroup | Buy | Upgrade | |
| Mar 13, 2023 | Vertical Research | Buy | Upgrade | |
| Mar 13, 2023 | Seaport Global | Buy | Upgrade | |
| Mar 13, 2023 | Alembic Global | Overweight | Upgrade | |
| Feb 06, 2023 | RBC Capital | Sector Perform | Sector Perform | Hold |
| Feb 06, 2023 | Tudor Pickering | Buy | Upgrade | |
| Nov 30, 2022 | Jefferies | Hold | Initialise | |
| Nov 30, 2022 | Janney Montgomery | Neutral | Initialise | |
| Nov 30, 2022 | Benchmark | Hold | Downgrade | |
| Nov 30, 2022 | Wolfe Research | Peer Perform | Downgrade | |
| Nov 30, 2022 | RBC Capital | Sector Perform | Outperform | Initialise |
| Nov 30, 2022 | RBC Capital | Sector Perform | Downgrade | |
| Sep 26, 2022 | Scotiabank | Sector Outperform | Outperform | Upgrade |
| Sep 26, 2022 | Scotiabank | Sector Outperform | Upgrade | |
| May 02, 2022 | Barclays | Overweight | Overweight | Hold |
Methanex's last stock rating was published by CIBC on Dec 10, 2024. The company Upgrade its MEOH rating from "Neutral" to "Outperform".
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 | $1.08B | $980.27M | $997.66M | $1.05B | $1.09B | $1.01B | $987.80M | $1.01B | $957.37M | $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 | $1.15B | $1.04B | $1.06B | $1.11B | $1.16B | $1.07B | $1.05B | $1.05B | $1.01B | $918.91M | $1.02B | $914.00M | $898.51M | $901.33M | $936.81M | $1.01B | $979.20M | $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 | $1.00B | $908.75M | $924.87M | $970.13M | $1.01B | $932.11M | $915.73M | $947.84M | $917.95M | $801.66M | $885.93M | $797.37M | $820.42M | $633.04M | $817.27M | $880.49M | $854.25M | $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 | 2 | 2 | 2 | 4 | 6 | 4 | 4 | 2 | 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 4 analysts is $881.59M, with a low forecast of $817.27M, and a high forecast of $936.81M. 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 | 2 | 2 | 2 | 4 | 6 | 4 | 4 | 2 | 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 | $199.06M | $180.60M | $183.81M | $192.80M | $201.22M | $185.25M | $181.99M | $186.25M | $176.38M | $159.32M | $176.07M | $271.52M | $160.07M | $139.46M | $162.42M | $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 | $211.53M | $191.92M | $195.32M | $204.88M | $213.82M | $196.85M | $193.39M | $193.70M | $186.76M | $169.30M | $187.10M | $325.83M | $165.54M | $166.06M | $172.59M | $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 | $184.54M | $167.43M | $170.40M | $178.73M | $186.54M | $171.73M | $168.71M | $174.63M | $169.12M | $147.69M | $163.22M | $217.22M | $151.15M | $116.63M | $150.57M | $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% |
4 analysts predict MEOH's average Quarter EBITDA for Jun 23 to be $162.42M, with a high of $172.59M and a low of $150.57M. This is -30.31% 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 | 2 | 2 | 2 | 4 | 6 | 4 | 4 | 2 | 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 | $64.70M | $59.22M | $59.63M | $61.19M | $68.46M | $56.62M | $53.06M | $67.12M | $70.42M | $38.78M | $35.39M | $112.15M | $20.85M | $-3.62M | $36.62M | $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 | $69.96M | $64.04M | $64.48M | $66.18M | $74.03M | $61.23M | $57.38M | $69.38M | $87.42M | $41.94M | $35.65M | $134.58M | $34.26M | $5.07M | $39.60M | $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 | $58.56M | $53.60M | $53.97M | $55.39M | $61.96M | $51.25M | $48.03M | $65.61M | $52.61M | $35.10M | $35.13M | $89.72M | $3.72M | $-14.48M | $33.15M | $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 $36.62M, with a range of $33.15M to $39.60M. MEOH's average Quarter net income forecast represents a -59.35% 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 | 2 | 2 | 2 | 4 | 6 | 4 | 4 | 2 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 3 | 10 | 10 | 10 | 9 | 9 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Avg Forecast | $77.54M | $70.35M | $71.60M | $75.10M | $78.38M | $72.16M | $70.89M | $72.55M | $68.71M | $62.06M | $68.59M | $61.73M | $62.35M | $54.33M | $63.27M | $68.16M | $66.13M | $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 | $82.40M | $74.76M | $76.08M | $79.81M | $83.29M | $76.68M | $75.33M | $75.45M | $72.75M | $65.95M | $72.88M | $65.60M | $64.48M | $64.69M | $67.23M | $72.43M | $70.27M | $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 | $71.89M | $65.22M | $66.38M | $69.62M | $72.66M | $66.90M | $65.72M | $68.02M | $65.88M | $57.53M | $63.58M | $57.23M | $58.88M | $45.43M | $58.65M | $63.19M | $61.31M | $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 | 2 | 2 | 2 | 4 | 6 | 4 | 4 | 2 | 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 | $0.96 | $0.88 | $0.88 | $0.91 | $1.01 | $0.84 | $0.79 | $0.99 | $1.04 | $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 | $1.04 | $0.95 | $0.96 | $0.98 | $1.10 | $0.91 | $0.85 | $1.03 | $1.29 | $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 | $0.87 | $0.79 | $0.80 | $0.82 | $0.92 | $0.76 | $0.71 | $0.97 | $0.78 | $0.52 | $0.52 | $0.30 | $0.06 | $-0.21 | $0.49 | $0.86 | $0.40 | $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 4 Wall Street analysts, Methanex's projected average Quarter EPS for Jun 23 is $0.54, with a low estimate of $0.49 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 |
|---|---|---|---|---|---|
| TROX | Tronox | $10.14 | $20.00 | 97.24% | Buy |
| GPRE | Green Plains | $10.88 | $21.00 | 93.01% | Buy |
| ASIX | AdvanSix | $30.10 | $39.00 | 29.57% | Buy |
| HUN | Huntsman | $18.56 | $23.00 | 23.92% | Buy |
| WLKP | Westlake Chemical Partners LP | $23.56 | $29.00 | 23.09% | Buy |
| MEOH | Methanex | $47.12 | $57.20 | 21.39% | Buy |
| LXU | LSB Industries | $8.25 | $10.00 | 21.21% | Buy |