Scotiabank Has Positive Outlook for Methanex FY2025 Earnings

Methanex Co. (NASDAQ:MEOH) (TSE:MX) – Scotiabank lifted their FY2025 EPS estimates for Methanex in a research report issued 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 forecast 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.

Several other equities analysts also recently issued reports on MEOH. Cibc World Mkts raised Methanex from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 10th. UBS Group cut their price objective on 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 Methanex from a “hold” rating to a “buy” rating in a report on Friday, November 8th. Barclays increased their price target on shares of Methanex from $44.00 to $46.00 and gave the stock an “equal weight” rating in a report on Monday, November 11th. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $55.00 price objective on shares of Methanex in a research note on Monday. Two equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given 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 $57.25.

Methanex Stock Down 4.0 %

NASDAQ:MEOH opened at $48.45 on Thursday. The company has a current ratio of 1.34, a quick ratio of 1.01 and a debt-to-equity ratio of 0.79. Methanex has a twelve month low of $36.13 and a twelve month high of $56.43. The company has a market cap of $3.26 billion, a PE ratio of 22.64 and a beta of 1.37. The company’s 50 day moving average is $45.83 and its two-hundred day moving average is $44.81.

Methanex Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th were paid a dividend of $0.185 per share. The ex-dividend date was Tuesday, December 17th. This represents a $0.74 annualized dividend and a yield of 1.53%. Methanex’s dividend payout ratio (DPR) is presently 34.58%.

Institutional Investors Weigh In On Methanex

Large investors have recently modified their holdings of the business. Bank of Montreal Can grew its stake in Methanex by 16.3% during the 2nd quarter. Bank of Montreal Can now owns 1,136,436 shares of the specialty chemicals company’s stock valued at $55,406,000 after acquiring an additional 159,542 shares in the last quarter. Point72 Asset Management L.P. boosted its holdings in shares of Methanex by 1,495.7% during the 3rd 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 last quarter. Oppenheimer & Co. Inc. purchased a new stake in shares of Methanex in the second quarter valued at approximately $5,971,000. Dixon Mitchell Investment Counsel Inc. increased its holdings in shares of Methanex by 9.9% in the third quarter. Dixon Mitchell Investment Counsel Inc. now owns 1,182,168 shares of the specialty chemicals company’s stock valued at $49,022,000 after purchasing an additional 106,848 shares during the last quarter. Finally, Millennium Management LLC grew its holdings in Methanex by 13.0% in the 2nd quarter. Millennium Management LLC now owns 508,730 shares of the specialty chemicals company’s stock valued at $24,551,000 after buying an additional 58,719 shares in the last quarter. Hedge funds and other institutional investors own 73.49% of the company’s stock.

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.