FY2025 EPS Estimates for Methanex Cut by Raymond James

Methanex Co. (NASDAQ:MEOH) (TSE:MX) – Stock analysts at Raymond James reduced their FY2025 EPS estimates for Methanex in a research report issued on Tuesday, October 22nd. Raymond James analyst S. Hansen now anticipates that the specialty chemicals company will post earnings of $4.58 per share for the year, down from their prior estimate of $4.88. Raymond James currently 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.

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

Methanex Stock Performance

Shares of MEOH opened at $40.56 on Thursday. The company has a market capitalization of $2.73 billion, a price-to-earnings ratio of 18.87 and a beta of 1.35. Methanex has a 52-week low of $36.13 and a 52-week high of $56.43. 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 stock has a 50 day moving average price of $42.11 and a 200 day moving average price of $46.57.

Methanex (NASDAQ:MEOH) (TSE:MX) last released its quarterly earnings data on Tuesday, July 30th. The specialty chemicals company reported $0.62 earnings per share (EPS) 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 business had revenue of $920.00 million during the quarter, compared to analysts’ expectations of $954.26 million. During the same period in the prior year, the firm posted $0.60 EPS. The business’s quarterly revenue was down 2.0% compared to the same quarter last year.

Institutional Investors Weigh In On Methanex

Large investors have recently modified their holdings of the stock. BNP Paribas Financial Markets acquired a new position in Methanex in the 1st quarter valued at $494,000. Duality Advisers LP acquired a new position in shares of Methanex during the first quarter worth about $779,000. M&G Plc purchased a new position in Methanex during the first quarter worth about $589,459,000. Swiss National Bank lifted its position in Methanex by 0.6% in the first quarter. Swiss National Bank now owns 127,500 shares of the specialty chemicals company’s stock valued at $5,681,000 after purchasing an additional 700 shares during the period. Finally, Headlands Technologies LLC boosted its holdings in Methanex by 346.5% in the 1st quarter. Headlands Technologies LLC now owns 902 shares of the specialty chemicals company’s stock valued at $40,000 after purchasing an additional 700 shares in the last quarter. Hedge funds and other institutional investors 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.