Scotiabank Issues Optimistic Estimate for Methanex Earnings

Methanex Co. (NASDAQ:MEOH) (TSE:MX) – Equities research analysts at Scotiabank upped their FY2025 earnings per share (EPS) estimates for Methanex in a note issued to investors on Wednesday, January 8th. Scotiabank analyst B. Isaacson now anticipates that the specialty chemicals company will earn $3.38 per share for the year, up from their previous estimate of $3.18. The consensus estimate for Methanex’s current full-year earnings is $3.11 per share. Scotiabank also issued estimates for Methanex’s FY2026 earnings at $3.15 EPS.

Other analysts have also issued reports about the stock. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $55.00 price objective on shares of Methanex in a research note on Monday. UBS Group cut their price target on shares of Methanex from $54.00 to $53.00 and set a “buy” rating on the stock in a report on Thursday, November 7th. StockNews.com raised shares of Methanex from a “hold” rating to a “buy” rating in a research note on Friday, November 8th. CIBC reissued an “outperformer” rating and set a $59.00 target price (up from $48.00) on shares of Methanex in a research note on Tuesday, December 10th. Finally, Cibc World Mkts raised Methanex from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 10th. Two analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $57.25.

Methanex Trading Down 4.0 %

Shares of NASDAQ MEOH opened at $48.45 on Thursday. The company has a quick ratio of 1.01, a current ratio of 1.34 and a debt-to-equity ratio of 0.79. Methanex has a 12 month low of $36.13 and a 12 month high of $56.43. The company has a market cap of $3.26 billion, a price-to-earnings ratio of 22.64 and a beta of 1.37. The business has a fifty day simple moving average of $46.01 and a 200-day simple moving average of $44.84.

Methanex Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th were given a $0.185 dividend. This represents a $0.74 annualized dividend and a yield of 1.53%. The ex-dividend date of this dividend was Tuesday, December 17th. Methanex’s payout ratio is currently 34.58%.

Institutional Trading of Methanex

Institutional investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC boosted its stake in shares of Methanex by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 104,871 shares of the specialty chemicals company’s stock worth $4,340,000 after acquiring an additional 1,203 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in Methanex in the 3rd quarter worth approximately $1,092,000. Point72 Asset Management L.P. boosted its position in Methanex by 1,495.7% during the third quarter. Point72 Asset Management L.P. now owns 138,827 shares of the specialty chemicals company’s stock worth $5,739,000 after purchasing an additional 130,127 shares during the period. Toronto Dominion Bank grew its holdings in Methanex by 19.6% during the second quarter. Toronto Dominion Bank now owns 33,229 shares of the specialty chemicals company’s stock valued at $1,604,000 after purchasing an additional 5,451 shares during the last quarter. Finally, Millennium Management LLC raised its position in shares of Methanex by 13.0% in the second quarter. Millennium Management LLC now owns 508,730 shares of the specialty chemicals company’s stock valued at $24,551,000 after purchasing an additional 58,719 shares during the period. 73.49% of the stock is currently owned by institutional investors and hedge funds.

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.