
Methanex (MEOH) Stock Forecast & Price Target
Methanex (MEOH) Analyst Ratings
Bulls say
Methanex Corp is poised for positive financial performance, as there is an anticipated increase in the methanol price floor to $280, driven primarily by a favorable outlook for Chinese thermal coal. The company demonstrated strong performance in its average selling price, with a significant increase from $56 per metric ton in Q1 to $80 per metric ton in Q2, indicating an upward trend in pricing power. Additionally, Methanex's effective contracting strategy allows it to realize prices well above its weighted-average spot price, further solidifying its revenue potential in the competitive market.
Bears say
The financial outlook for Methanex Corp is negatively impacted by a significant decline in Q3 EBITDA, which has led to increased balance sheet leverage and diminished buyback effectiveness. Analysts project that the average selling price (ASP) over spot premium will decrease to $51 in Q3, reflecting ongoing challenges in the methanol market. Furthermore, demand for methanol is currently weak, exacerbated by an oversupplied market, particularly highlighted by low acetic acid prices in China and sluggish performance metrics in the housing and automotive sectors, prompting expectations for a drop in export loading volumes.
This aggregate rating is based on analysts' research of Methanex and is not a guaranteed prediction by Public.com or investment advice.
Methanex (MEOH) Analyst Forecast & Price Prediction
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