Raymond James Analysts Lift Earnings Estimates for Methanex

Methanex Co. (NASDAQ:MEOH) (TSE:MX) – Raymond James lifted their FY2024 earnings per share (EPS) estimates for Methanex in a research note issued to investors on Tuesday, January 14th. Raymond James analyst S. Hansen now forecasts that the specialty chemicals company will post earnings of $3.55 per share for the year, up from their previous estimate of $3.46. Raymond James has a “Outperform” rating and a $60.00 price objective on the stock. The consensus estimate for Methanex’s current full-year earnings is $3.37 per share. Raymond James also issued estimates for Methanex’s Q3 2025 earnings at $1.00 EPS.

Several other equities analysts have also weighed in on the stock. Barclays upped their price objective on shares of Methanex from $44.00 to $46.00 and gave the company an “equal weight” rating in a report on Monday, November 11th. Piper Sandler increased their price target on Methanex from $68.00 to $71.00 and gave the stock an “overweight” rating in a report on Tuesday, November 19th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $55.00 target price on shares of Methanex in a research report on Monday, January 6th. CIBC reissued an “outperformer” rating and issued a $59.00 price target (up previously from $48.00) on shares of Methanex in a research report on Tuesday, December 10th. Finally, UBS Group dropped their price objective on shares of Methanex from $54.00 to $53.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th. Two investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Methanex presently has a consensus rating of “Moderate Buy” and an average price target of $58.00.

Methanex Stock Down 0.7 %

Methanex stock opened at $49.85 on Thursday. The company has a market capitalization of $3.36 billion, a PE ratio of 23.29 and a beta of 1.37. Methanex has a 12-month low of $36.13 and a 12-month high of $56.43. The firm’s fifty day moving average is $46.95 and its 200 day moving average is $44.86. The company has a quick ratio of 1.01, a current ratio of 1.34 and a debt-to-equity ratio of 0.79.

Hedge Funds Weigh In On Methanex

Several hedge funds have recently modified their holdings of the company. Wilmington Savings Fund Society FSB purchased a new stake in shares of Methanex during the third quarter valued at approximately $40,000. EverSource Wealth Advisors LLC grew its stake 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 valued at $93,000 after purchasing an additional 1,626 shares during the period. Blue Trust Inc. increased its position in shares of Methanex by 56.8% during the 3rd quarter. Blue Trust Inc. now owns 2,474 shares of the specialty chemicals company’s stock valued at $102,000 after purchasing an additional 896 shares during the last quarter. Squarepoint Ops LLC purchased a new position in shares of Methanex in the 2nd quarter worth about $201,000. Finally, Legacy Wealth Asset Management LLC bought a new position in Methanex during the fourth quarter valued at about $220,000. Institutional investors own 73.49% of the company’s stock.

Methanex Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th were paid a $0.185 dividend. The ex-dividend date of this dividend was Tuesday, December 17th. This represents a $0.74 annualized dividend and a yield of 1.48%. Methanex’s dividend payout ratio (DPR) is 34.58%.

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.