
Methanex (MEOH) Stock Forecast & Price Target
Methanex (MEOH) Analyst Ratings
Bulls say
Methanex Corp is positioned favorably due to an anticipated rise in methanol prices, driven primarily by an improvement in the Chinese thermal coal market, suggesting a new price floor of $280 per metric ton. The company's ability to achieve an average selling price (ASP) premium that has increased from $56 in Q1 to $80 in Q2 indicates strong demand and effective pricing power. Additionally, Methanex's successful contracting strategy allows it to realize prices well above its weighted-average spot price, reinforcing a positive financial outlook.
Bears say
Methanex Corp's recent financial performance has yielded a negative outlook primarily due to low Q3 EBITDA, which adversely affected balance sheet leverage and diminished the effectiveness of share buybacks on overall valuation. The company is witnessing a decrease in the average selling price (ASP) relative to the spot premium, which is expected to drop to $51 in Q3, further indicating pressures on profitability. Additionally, persistent issues such as weak methanol demand, including lower acetic acid prices in China and challenges in methanol-to-olefins (MTO) plant economics, contribute to a projected decline in export loading volumes, underscoring a temporarily oversupplied market.
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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