
Methanex (MEOH) Stock Forecast & Price Target
Methanex (MEOH) Analyst Ratings
Bulls say
Methanex Corp benefits from a positive shift in the methanol market, with expectations for the price floor to rise from $260 to $280 per metric ton, primarily influenced by an improved outlook for Chinese thermal coal. The company's ability to secure an average selling price (ASP) premium, which increased notably from $56 in Q1 to $80 per metric ton in Q2, underscores its effective contracting strategy, enabling it to realize prices that exceed its weighted-average spot price. Given these factors and the strong demand for methanol in various industries, there is a robust foundation for a positive financial outlook for Methanex.
Bears say
The financial outlook for Methanex Corp is negative primarily due to a significant decline in Q3 EBITDA, which has increased balance sheet leverage and diminished the impact of stock buybacks on overall valuation. Additionally, the company's average selling price (ASP) over the spot market is projected to drop to $51, signaling ongoing pricing pressures amid weak demand. Furthermore, various market indicators suggest an over-supplied methanol environment, with expected export loadings decreasing substantially from previous levels, further exacerbating concerns about the company's revenue generation potential.
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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