Scotiabank Has Bullish Estimate for Methanex FY2026 Earnings

Methanex Corporation (NASDAQ:MEOH) (TSE:MX) – Investment analysts at Scotiabank increased their FY2026 EPS estimates for shares of Methanex in a research report issued on Tuesday, October 13th. Scotiabank analyst B. Isaacson now anticipates that the specialty chemicals company will earn $8.52 per share for the year, up from their prior estimate of $7.43. The consensus estimate for Methanex’s current full-year earnings is $8.45 per share. Scotiabank also issued estimates for Methanex’s FY2027 earnings at $6.20 EPS.

Several other research firms also recently issued reports on MEOH. Royal Bank Of Canada dropped their target price on Methanex from $70.00 to $65.00 and set a “sector perform” rating on the stock in a research report on Wednesday, July 1st. Wall Street Zen upgraded Methanex from a “buy” rating to a “strong-buy” rating in a research report on Saturday, October 3rd. National Bank Financial set a $70.00 price target on Methanex and gave the company an “outperform” rating in a research report on Monday, July 13th. Weiss Ratings upgraded Methanex from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday. Finally, Zacks Research lowered Methanex from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 22nd. Six investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, Methanex presently has a consensus rating of “Moderate Buy” and an average price target of $68.89.

Methanex Trading Up 0.3%

Shares of MEOH stock opened at $63.61 on Friday. The company’s fifty day simple moving average is $59.37 and its two-hundred day simple moving average is $57.70. The company has a debt-to-equity ratio of 0.83, a current ratio of 2.07 and a quick ratio of 1.35. Methanex has a 1 year low of $32.00 and a 1 year high of $66.75. The stock has a market capitalization of $4.92 billion, a price-to-earnings ratio of 61.76 and a beta of 0.71.

Methanex (NASDAQ:MEOH) (TSE:MX) last released its quarterly earnings data on Tuesday, July 28th. The specialty chemicals company reported $3.87 EPS for the quarter, missing the consensus estimate of $4.00 by ($0.13). Methanex had a return on equity of 11.35% and a net margin of 2.07%. The business had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.43 billion. During the same period last year, the business posted $0.97 earnings per share. The firm’s quarterly revenue was up 75.0% on a year-over-year basis.

Hedge Funds Weigh In On Methanex

A number of large investors have recently modified their holdings of the company. Parkside Financial Bank & Trust bought a new position in shares of Methanex in the second quarter valued at approximately $38,000. Nykredit A S bought a new stake in Methanex during the 2nd quarter worth approximately $83,000. State of Wyoming bought a new stake in Methanex during the 2nd quarter worth approximately $153,000. Baader Bank Aktiengesellschaft purchased a new stake in Methanex in the 1st quarter worth approximately $220,000. Finally, Deutsche Bank AG purchased a new stake in Methanex in the 2nd quarter worth approximately $221,000. 73.49% of the stock is currently owned by institutional investors.

About Methanex

Methanex Corporation (NASDAQ:MEOH) is a global producer and supplier of methanol, a basic chemical used in the manufacture of formaldehyde, acetic acid, plastics, paints, adhesives, solvents and other products. Methanol is also used in fuel applications, including as a blending component and as a feedstock for the production of other fuels and chemicals.

Founded in 1992 and headquartered in Vancouver, British Columbia, Methanex operates an international production and distribution network.