Methanex (NASDAQ:MEOH) Given a $45.00 Price Target by Raymond James Financial Analysts

Methanex (NASDAQ:MEOH) (TSE:MX) has been given a $45.00 target price by equities researchers at Raymond James Financial in a research note issued to investors on Tuesday, July 15th, Marketbeat Ratings reports. The brokerage presently has an “outperform” rating on the specialty chemicals company’s stock. Raymond James Financial’s target price suggests a potential upside of 31.31% from the stock’s current price. Raymond James Financial also issued estimates for Methanex’s Q2 2025 earnings at $0.40 EPS, Q3 2025 earnings at $0.72 EPS, Q4 2025 earnings at $1.27 EPS, FY2025 earnings at $3.69 EPS and FY2026 earnings at $4.20 EPS.

A number of other brokerages also recently issued reports on MEOH. Scotiabank raised Methanex from a “sector perform” rating to a “sector outperform” rating and set a $53.00 price target for the company in a report on Monday, May 5th. Wall Street Zen downgraded Methanex from a “buy” rating to a “hold” rating in a report on Thursday, May 1st. Barclays reduced their target price on Methanex from $57.00 to $41.00 and set an “equal weight” rating for the company in a report on Tuesday, April 1st. CIBC reduced their target price on Methanex from $47.00 to $44.00 and set an “outperformer” rating for the company in a report on Monday, May 5th. Finally, UBS Group boosted their target price on Methanex from $50.00 to $51.00 and gave the company a “buy” rating in a report on Wednesday, July 9th. Four equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $45.63.

Methanex Stock Up 2.3%

MEOH traded up $0.76 on Tuesday, hitting $34.27. 704,120 shares of the company were exchanged, compared to its average volume of 555,275. The company has a market cap of $2.65 billion, a price-to-earnings ratio of 7.67 and a beta of 0.92. The company has a current ratio of 3.17, a quick ratio of 2.52 and a debt-to-equity ratio of 0.94. The firm has a 50-day moving average price of $34.01 and a two-hundred day moving average price of $37.60. Methanex has a twelve month low of $25.46 and a twelve month high of $54.49.

Methanex (NASDAQ:MEOH) (TSE:MX) last announced its quarterly earnings results on Wednesday, April 30th. The specialty chemicals company reported $1.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.25 by $0.05. The company had revenue of $857.90 million during the quarter, compared to the consensus estimate of $1.06 billion. Methanex had a return on equity of 12.45% and a net margin of 6.00%. Methanex’s revenue for the quarter was down 2.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.65 EPS. On average, equities analysts predict that Methanex will post 4.32 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. Bank of New York Mellon Corp increased its holdings in Methanex by 41.8% in the 1st quarter. Bank of New York Mellon Corp now owns 1,276,649 shares of the specialty chemicals company’s stock valued at $44,798,000 after purchasing an additional 376,365 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Methanex by 1.8% during the fourth quarter. Vanguard Group Inc. now owns 2,116,860 shares of the specialty chemicals company’s stock valued at $105,779,000 after acquiring an additional 37,658 shares in the last quarter. Proficio Capital Partners LLC acquired a new stake in shares of Methanex during the fourth quarter valued at about $1,170,000. Ameriprise Financial Inc. grew its stake in shares of Methanex by 3.4% during the fourth quarter. Ameriprise Financial Inc. now owns 11,778 shares of the specialty chemicals company’s stock valued at $588,000 after acquiring an additional 383 shares in the last quarter. Finally, Two Sigma Advisers LP bought a new position in shares of Methanex during the fourth quarter worth about $934,000. 73.49% of the stock is owned by hedge funds and other institutional investors.

About Methanex

Methanex Corporation produces and supplies methanol in China, Europe, the United States, South America, South Korea, Canada, and Asia. 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.