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

Raymond James Financial set a $45.00 price target on Methanex (NASDAQ:MEOH) (TSE:MX) in a research report released on Tuesday, MarketBeat Ratings reports. The brokerage currently has an outperform rating on the specialty chemicals company’s stock. 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.

MEOH has been the topic of several other reports. Piper Sandler set a $48.00 target price on Methanex and gave the company an “overweight” rating in a research report on Sunday, May 18th. Barclays lowered their price target on shares of Methanex from $57.00 to $41.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 1st. Scotiabank raised shares of Methanex from a “sector perform” rating to a “sector outperform” rating and set a $53.00 price target on the stock in a report on Monday, May 5th. JPMorgan Chase & Co. assumed coverage on shares of Methanex in a report on Tuesday, June 10th. They issued a “neutral” rating and a $33.00 price target on the stock. Finally, Wall Street Zen lowered shares of Methanex from a “buy” rating to a “hold” rating in a report on Thursday, May 1st. Four analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Methanex currently has a consensus rating of “Moderate Buy” and a consensus price target of $45.63.

Methanex Stock Down 0.2%

NASDAQ:MEOH traded down $0.06 during trading hours on Tuesday, reaching $34.02. The company’s stock had a trading volume of 59,056 shares, compared to its average volume of 560,674. The company has a market capitalization of $2.63 billion, a P/E ratio of 11.42 and a beta of 0.92. Methanex has a 12 month low of $25.46 and a 12 month high of $54.49. The company has a debt-to-equity ratio of 0.94, a quick ratio of 2.52 and a current ratio of 3.17. The stock has a 50 day moving average price of $34.00 and a two-hundred day moving average price of $38.15.

Methanex (NASDAQ:MEOH) (TSE:MX) last issued 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 business had revenue of $857.90 million for 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%. The business’s quarterly revenue was down 2.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.65 earnings per share. Equities analysts predict that Methanex will post 4.32 EPS for the current fiscal year.

Methanex Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 16th were paid a $0.185 dividend. The ex-dividend date of this dividend was Monday, June 16th. This represents a $0.74 annualized dividend and a dividend yield of 2.18%. Methanex’s dividend payout ratio (DPR) is 24.83%.

Hedge Funds Weigh In On Methanex

A number of institutional investors and hedge funds have recently modified their holdings of the company. Wellington Management Group LLP raised its holdings in shares of Methanex by 1.3% in the fourth quarter. Wellington Management Group LLP now owns 4,836,661 shares of the specialty chemicals company’s stock valued at $241,549,000 after buying an additional 62,467 shares during the last quarter. FMR LLC raised its holdings in shares of Methanex by 3.0% in the fourth quarter. FMR LLC now owns 3,330,889 shares of the specialty chemicals company’s stock valued at $166,384,000 after buying an additional 95,950 shares during the last quarter. Vanguard Group Inc. raised its holdings in Methanex by 0.7% during the first quarter. Vanguard Group Inc. now owns 2,131,471 shares of the specialty chemicals company’s stock worth $74,740,000 after purchasing an additional 14,611 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in Methanex by 41.8% during the first quarter. Bank of New York Mellon Corp now owns 1,276,649 shares of the specialty chemicals company’s stock worth $44,798,000 after purchasing an additional 376,365 shares in the last quarter. Finally, Mackenzie Financial Corp raised its holdings in Methanex by 13.7% during the first quarter. Mackenzie Financial Corp now owns 1,224,388 shares of the specialty chemicals company’s stock worth $42,931,000 after purchasing an additional 147,195 shares in the last quarter. Institutional investors and hedge funds own 73.49% of the company’s stock.

Methanex Company Profile

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.