FY2025 EPS Estimates for Methanex Reduced by Raymond James

Methanex Co. (NASDAQ:MEOH) (TSE:MX) – Equities research analysts at Raymond James dropped their FY2025 EPS estimates for Methanex in a report issued on Tuesday, October 22nd. Raymond James analyst S. Hansen now expects that the specialty chemicals company will earn $4.58 per share for the year, down from their prior forecast of $4.88. Raymond James has a “Outperform” rating and a $54.00 price target on the stock. The consensus estimate for Methanex’s current full-year earnings is $2.41 per share.

Methanex (NASDAQ:MEOH) (TSE:MX) last announced its earnings results on Tuesday, July 30th. The specialty chemicals company reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.10. Methanex had a return on equity of 5.44% and a net margin of 4.05%. The firm had revenue of $920.00 million for the quarter, compared to the consensus estimate of $954.26 million. During the same period in the previous year, the business earned $0.60 EPS. The firm’s revenue for the quarter was down 2.0% on a year-over-year basis.

A number of other research analysts have also issued reports on MEOH. UBS Group cut their price target on shares of Methanex from $58.00 to $54.00 and set a “buy” rating on the stock in a research note on Monday, September 16th. Scotiabank raised their target price on Methanex from $58.00 to $60.00 and gave the stock a “sector outperform” rating in a research note on Wednesday, July 10th. Royal Bank of Canada reiterated a “sector perform” rating and set a $55.00 price target on shares of Methanex in a research note on Tuesday, September 3rd. Barclays lowered Methanex from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from $56.00 to $44.00 in a research report on Tuesday, September 10th. Finally, Piper Sandler raised their price target on shares of Methanex from $51.00 to $68.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 10th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $55.38.

Methanex Stock Performance

MEOH opened at $40.38 on Thursday. The company has a market cap of $2.72 billion, a P/E ratio of 17.11 and a beta of 1.35. The company has a quick ratio of 0.87, a current ratio of 1.25 and a debt-to-equity ratio of 0.80. The firm’s 50-day moving average price is $42.31 and its 200-day moving average price is $46.68. Methanex has a 52-week low of $36.13 and a 52-week high of $56.43.

Hedge Funds Weigh In On Methanex

Several institutional investors and hedge funds have recently modified their holdings of the business. Headlands Technologies LLC raised its stake in shares of Methanex by 346.5% during the 1st quarter. Headlands Technologies LLC now owns 902 shares of the specialty chemicals company’s stock worth $40,000 after buying an additional 700 shares during the period. Larson Financial Group LLC acquired a new position in shares of Methanex during the 1st quarter worth about $45,000. Blue Trust Inc. lifted its stake in Methanex by 52,500.0% in the 2nd quarter. Blue Trust Inc. now owns 1,578 shares of the specialty chemicals company’s stock valued at $70,000 after buying an additional 1,575 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in Methanex by 572.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,910 shares of the specialty chemicals company’s stock worth $93,000 after buying an additional 1,626 shares during the last quarter. Finally, Squarepoint Ops LLC acquired a new position in shares of Methanex during the second quarter valued at approximately $201,000. Hedge funds and other institutional investors own 73.49% of the company’s stock.

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.