
Methanex (MEOH) Stock Forecast & Price Target
Methanex (MEOH) Analyst Ratings
Bulls say
Methanex Corp is experiencing a positive outlook, primarily attributed to a projected increase in methanol floor prices, anticipated to rise from $260 to $280 due to favorable conditions in the Chinese thermal coal market. The company has demonstrated effective pricing power, as evidenced by the increase in average selling price (ASP) premiums from $56 per metric ton in Q1 to $80 per metric ton in Q2, indicating strong demand and pricing strength. Additionally, Methanex benefits from a successful contracting strategy that allows it to achieve prices significantly above its weighted-average spot price, further enhancing its revenue potential.
Bears say
Methanex Corp's outlook is negatively affected by low Q3 EBITDA, which has increased balance sheet leverage and diminished the effectiveness of share buybacks on its valuation. The company faces a challenging market environment, with signs of oversupply and weak methanol demand, illustrated by plummeting acetic acid prices in China and continued struggles in downstream applications like housing and automotive sectors. Additionally, shipping volumes for methanol exports are projected to decline significantly, reflecting broader concerns about market saturation and weak pricing dynamics.
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
Start investing in Methanex (MEOH)
Order type
Buy in
Order amount
Est. shares
0 shares