Streetbeat News

MEOH

Methanex Corporation

https://www.methanex.com

Industry

Chemicals

Methanex Corporation produces and supplies methanol in North America, the Asia Pacific, Europe, and South America. The company also purchases methanol produced by others under methanol offtake contracts and on the spot market. In addition, it owns and leases storage and terminal facilities. The company owns and manages a fleet of approximately 30 ocean-going vessels. It serves chemical and petrochemical producers. Methanex Corporation was incorporated in 1968 and is headquartered in Vancouver, Canada.

Open

37.11

Mkt cap

2.5B

Volume

326K

High

38.15

P/E Ratio

15.78

52-wk high

56.43

Low

37.11

Div yield

0.01

52-wk low

35.67

UBS analyst Joshua Spector upgrades Methanex (NASDAQ:MEOH) from Neutral to Buy and increases the price target from $51 to $60.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 11:17 am

Methanex Corporation (NASDAQ:MEOH) reported Q4 adjusted earnings per share (EPS) of $0.52, surpassing the analyst consensus estimate of $0.32 by 62.5%. However, this represents a 28.77% decrease from the $0.73 EPS reported in the same quarter last year. The company's quarterly sales reached $922.00 million, exceeding the consensus estimate of $867.39 million by 6.30%, but marking a 6.49% decline from the $986.00 million in sales reported in the same period the previous year.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 10:42 pm

UBS analyst Joshua Spector has maintained a Neutral rating on Methanex (NASDAQ:MEOH) and increased the price target from $48 to $51.

Portfolio Pulse from Benzinga Newsdesk

January 11, 2024 | 3:41 pm

UBS analyst Joshua Spector has maintained a Neutral rating on Methanex Corporation (NASDAQ:MEOH) and increased the price target from $45 to $48.

Portfolio Pulse from Benzinga Newsdesk

December 14, 2023 | 4:03 pm

Over the past 3 months, 8 Wall Street analysts have provided ratings for Methanex (NASDAQ:MEOH), with an average price target of $48.38, representing an upside from the current price of $42.69. The consensus among these analysts is leaning towards a neutral stance, with 3 somewhat bullish and 5 indifferent ratings. The current average price target has increased by 3.49% from the previous target of $46.75. Analysts typically review stocks quarterly or after major company updates, basing their predictions on financial performance and business predictability.

Portfolio Pulse from Benzinga Insights

December 01, 2023 | 5:00 pm

RBC Capital analyst Nelson Ng has reiterated a 'Sector Perform' rating on Methanex (NASDAQ:MEOH), maintaining a price target of $45. No further details or analysis were provided in the article.

Portfolio Pulse from Benzinga Newsdesk

December 01, 2023 | 4:19 pm

Methanex Corporation estimates that its Egypt methanol production facility, which experienced an unplanned outage in mid-October due to a mechanical failure in the synthesis gas compressor, will resume production towards the end of Q1 of 2024. Methanex holds a 50% equity interest in the 1.26 million tonne facility, equivalent to 0.63 million tonnes per annum.

Portfolio Pulse from Benzinga Newsdesk

November 22, 2023 | 10:19 pm

UBS analyst Joshua Spector has upgraded Methanex (NASDAQ:MEOH) from Sell to Neutral and raised the price target from $40 to $45.

Portfolio Pulse from Benzinga Newsdesk

November 02, 2023 | 8:52 am

RBC Capital analyst Nelson Ng has reiterated Methanex (NASDAQ:MEOH) with a Sector Perform and maintains a $45 price target.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 4:13 pm

Barclays analyst Michael Leithead has maintained an Overweight rating on Methanex (NASDAQ:MEOH), but lowered the price target from $50 to $48.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 1:48 pm

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