Methanex Corp. (MEOH) Stock Forecast & Predictions

Methanex Corp. MEOH: $35.75

1800-200 Burrard St, Vancouver, British Columbia, Canada. | Sector: Manufacturing | Exchange: NASDAQ/NGS (GLOBAL SELECT MARKET) | Web: https://www.methanex.com/

  • Market Cap$2.73B
  • Change (52 Weeks)170.43%
  • Low (52 Weeks)$12.58
  • Methanex Corp. (MEOH) Forecast Based on Technical Analysis


    Neutral
    Based on 16 Technical Indicators where 18.75% are on Buy, 31.25% on Sell, and 50.00% Neutral.

    According to the market data, Methanex Corp. (MEOH) stock price is $35.75 and the 52 weeks low is $12.58, which means the Methanex Corp. stock price is up 170.43% in the last 12 months.

    Methanex Corp. (MEOH) Stock Price is not Trending currently as per the Weekly Chart, which means the price may range between specific high and low levels for the next few months, unless some significant changes take place in the market performance or news.

    Technical Indicators are algorithms that are used mostly by Technical traders to predict the price action of a stock.

    Based on our analysis of 16 technical indicators, 18.75% are indicating that MEOH Stock price might rise further, 31.25% indicating that MEOH Stock price might fall, and 50.00% are in a neutral position.

    Based on these technical algorithms, overall MEOH stock price has a Neutral Signal, which means the stock price has the potential to move either up or down, depending on the nature of consolidating market phase, since majority of indicators are providing a neutral signal.

    Methanex Corp. (MEOH) Stock Forecast By Analysts


    Strong Buy
    Analysts Recommendations for Methanex Corp. (MEOH) is based on 16 Institutional Analyst Ratings where 43.75% are on Strong Buy, 25.00% on Moderate Buy, 25.00% remains on Hold, 6.25% are on Moderate Sell and 0.00% are on Strong Sell.

    Out of 16 Institutional Analysts, majority recommended MEOH stock as Strong Buy. Since most investors and traders follow analyst ratings closely, this can be a potentially driving factor for the future stock price of Methanex Corp..

    Methanex Corp. (MEOH) Stock Forecasts By Institutional Analysts


    Analyst
    Recommendation
    Action
    RBC CapitalSector PerformMaintained
    Tudor PickeringHoldInitiated
    Tudor PickeringHoldInitiated
    RBC CapitalSector PerformMaintained
    Raymond James FinancialOutperformInitiated
    Tudor PickeringHoldUpgraded
    ScotiaBankSector PerformDowngraded
    RBC CapitalSector PerformDowngraded
    National Bank FinancialOutperformUpgraded
    BernsteinUnderperformDowngraded
    ScotiaBankSector OutperformMaintained
    UBSSellMaintained
    TD SecuritiesHoldMaintained
    Tudor PickeringSellReiterated
    ScotiaBankSector OutperformUpgraded
    BMO CapitalOutperformMaintained
    BarclaysEqual-WeightMaintained
    JefferiesBuyUpgraded
    CitigroupNeutralMaintained
    Tudor PickeringHoldInitiated
    ScotiaBankSector PerformInitiated
    UBSSellMaintained
    CitigroupNeutralMaintained
    TD SecuritiesHoldDowngraded
    TD SecuritiesBuyMaintained
    Tudor PickeringHoldReiterated
    BarclaysEqual-WeightMaintained
    UBSSellMaintained
    CitigroupNeutralMaintained
    CIBCNeutralDowngraded
    BMO Capital MarketsOutperformDowngraded
    UBSSellMaintained
    Tudor PickeringHoldDowngraded
    JefferiesHoldDowngraded
    CitigroupNeutralMaintained
    TD SecuritiesBuyUpgraded
    CitigroupNeutralMaintained
    BarclaysEqual-WeightInitiated
    Raymond JamesOutperformUpgraded
    Sanford BernsteinDowngraded
    CitigroupNeutralMaintained
    JefferiesBuyMaintained
    BMO Capital MarketsOutperformInitiated
    Sanford BernsteinUpgraded
    Sanford BernsteinUpgraded
    Sanford BernsteinDowngraded
    BMO Capital MarketsOutperformInitiated
    BMO Capital MarketsOutperformInitiated
    Sanford BernsteinDowngraded
    TD SecuritiesHoldDowngraded
    TD SecuritiesBuyUpgraded
    Raymond James FinancialMarket PerformDowngraded
    Raymond JamesMarket PerformDowngraded
    TD SecuritiesBuyUpgraded
    SbankSector PerformReiterated
    UBSSellMaintained
    SbankSector PerformMaintained
    BernsteinUnderperformInitiated
    TD SecuritiesBuyUpgraded
    RBC CapitalSector PerformMaintained
    CIBCOutperformUpgraded
    Raymond JamesOutperformUpgraded
    SbankSector PerformMaintained
    TD SecuritiesHoldMaintained
    RBC CapitalSector PerformMaintained
    SbankSector PerformMaintained
    RBC CapitalSector PerformMaintained
    Raymond James FinancialMarket PerformMaintained
    BMO Capital MarketsOutperformMaintained
    Raymond JamesMarket PerformDowngraded
    TD SecuritiesHoldMaintained
    SbankSector PerformDowngraded
    UBSSellDowngraded
    TD SecuritiesHoldDowngraded
    RBC CapitalSector PerformMaintained
    CIBCSector PerformerDowngraded
    CitigroupNeutralMaintained
    Raymond JamesOutperformDowngraded
    SbankOutperformMaintained
    CitigroupNeutralMaintained
    TD SecuritiesBuyMaintained
    CitigroupNeutralMaintained
    TD SecuritiesHoldMaintained
    CIBCOutperformUpgraded
    Raymond JamesStrong BuyUpgraded
    TD SecuritiesHoldMaintained
    TD SecuritiesHoldDowngraded
    CitigroupHoldDowngraded
    Raymond JamesOutperformUpgraded
    RBC CapitalSector PerformMaintained
    JefferiesBuyMaintained
    RBC CapitalSector PerformMaintained
    Monness Crespi HardtNeutralDowngraded
    TD SecuritiesBuyMaintained
    Raymond JamesMarket PerformDowngraded
    Raymond JamesOutperformMaintained
    Raymond JamesOutperformDowngraded
    JefferiesBuyMaintained
    CitigroupBuyMaintained
    Scotia Howard WeilOutperformUpgraded
    JefferiesBuyMaintained
    ScotiaBankSector PerformDowngraded
    Raymond JamesStrong BuyUpgraded
    CitigroupBuyMaintained
    JefferiesBuyMaintained
    JefferiesBuyMaintained
    Monness Crespi HardtBuyMaintained
    TD SecuritiesBuyUpgraded
    UBSBuyMaintained
    SbankSector PerformMaintained
    CitigroupBuyMaintained
    JefferiesBuyMaintained
    CitigroupBuyMaintained
    CitigroupBuyInitiated
    SbankSector PerformMaintained
    RBC CapitalSector PerformMaintained
    Raymond JamesStrong BuyUpgraded
    JefferiesBuyMaintained
    BMO Capital MarketsOutperformUpgraded
    TD SecuritiesBuyUpgraded
    Raymond James FinancialMaintained
    Raymond JamesMarket PerformDowngraded
    TD SecuritiesHoldInitiated
    CowenOutperformMaintained
    UBSBuyMaintained
    RBC CapitalSector PerformMaintained
    Monness Crespi HardtBuyMaintained
    Monness CrespiBuyMaintained
    JefferiesBuyMaintained
    SbankMaintained
    Raymond JamesOutperformUpgraded
    BMO CapitalMarket PerformDowngraded
    Raymond JamesMarket PerformDowngraded
    BMO CapitalOutperformMaintained
    Monness Crespi HardtBuyMaintained
    Monness CrespiBuyMaintained
    SbankMaintained
    RBC CapitalSector PerformMaintained
    Raymond James FinancialOutperformMaintained
    Monness CrespiBuyMaintained
    JefferiesBuyMaintained
    Raymond James FinancialOutperformMaintained
    BMO Capital MarketsOutperformMaintained
    CIBC World MarketsSector UnderperformMaintained
    JefferiesBuyMaintained
    Monness Crespi HardtBuyMaintained
    Raymond James FinancialOutperformMaintained
    SbankMaintained
    BMO Capital MarketsOutperformMaintained
    CowenOutperformMaintained
    TD SecuritiesHoldMaintained
    UBSBuyUpgraded
    TD SecuritiesHoldMaintained
    Raymond James FinancialOutperformMaintained
    BMO Capital MarketsOutperformMaintained
    BMO CapitalOutperformMaintained
    CowenOutperformMaintained
    Monness Crespi HardtBuyInitiated
    SbankMaintained
    CIBC World MarketsSector UnderperformMaintained
    BMO Capital MarketsAt Market PerformMaintained
    Raymond James FinancialOutperformMaintained
    JefferiesBuyUpgraded
    UBSNeutralDowngraded
    SbankMaintained
    SbankMaintained
    JefferiesHoldMaintained
    Craig-HallumBuyInitiated
    TD SecuritiesHoldDowngraded
    RBC CapitalSector PerformMaintained
    Raymond James FinancialMaintained
    CIBC World MarketsMaintained
    BMO CapitalMarket PerformMaintained
    SbankMaintained
    RBC CapitalMaintained
    Raymond JamesOutperformUpgraded
    CIBC World MarketsMaintained
    TD SecuritiesMaintained
    CIBC World MarketsMaintained
    CIBCSector UnderperformDowngraded
    Raymond James FinancialAt Market PerformDowngraded
    Raymond JamesMarket PerformDowngraded
    UBSBuyMaintained
    Raymond JamesOutperformUpgraded
    Raymond JamesMarket PerformMaintained
    JefferiesHoldInitiated
    BMO CapitalMarket PerformMaintained
    Raymond JamesMarket PerformDowngraded
    ScotiabankSector OutperformMaintained

    Methanex Corp. (MEOH) Stock Earning Per Share (EPS) Forecast / Estimate


    $0.144
    The average consensus EPS for MEOH is $0.144 with a high estimate of $1.082 and Low of $-1.823 for the period 2021-06-30 and based on 11 Institutional Analysts.

    Last Quarter


    Actual
    Estimate
    Date
    $0.15$0.103000000000000012020-12-31


    The latest average Earning Per Share Estimate for Methanex Corp. is $0.14, which is lower than MEOH's last EPS, $0.15. This means that Analysts are expecting Methanex Corp. to report lower earnings. This can drive share prices lower since the investors have negative sentiment about market performance of Methanex Corp..

    Earning Per Share (EPS) History


    Actual
    Estimate
    Date
    $0.15$0.103000000000000012020-12-31
    $-1.03$-0.890952020-09-30
    $-0.84$-0.99108662020-06-30
    $0.1$0.11201252020-03-31
    $0.13$-0.02434922019-12-31
    $-0.27$-0.050472019-09-30
    $0.34$0.599462019-06-30
    $0.73$0.90768752019-03-31
    $1.15$1.86087012018-12-31
    $1.92$2.01994332018-09-30
    $1.75$1.838552018-06-30
    $2.03$2.27972992018-03-31
    $1.7$1.35678812017-12-31
    $0.6$0.54932992017-09-30
    $0.85$1.07944000000000022017-06-30
    $1.56$1.64914332017-03-31
    $0.46$0.21446662016-12-31
    $-0.01$-0.17040322016-09-30
    $-0.34$-0.25106252016-06-30
    $-0.27$-0.17362712016-03-31
    $0.16$0.190552015-12-31
    $0.26$0.379812500000000052015-09-30
    $0.56$0.73817012015-06-30
    $0.23$0.41085672015-03-31
    $0.85$0.97507012014-12-31
    $0.69$0.67865672014-09-30
    $0.94$1.06318659999999992014-06-30
    $1.65$1.92610000000000012014-03-31
    $1.72$1.59652013-12-31
    $1.22$0.99567012013-09-30
    $1.02$0.9707752013-06-30
    $0.92$0.72957990000000012013-03-31
    $0.64$0.62832012-12-31
    $0.38$0.33548132012-09-30
    $0.47$0.60772012-06-30
    $0.41$0.393120100000000032012-03-31
    $0.68$0.59739999999999992011-12-31
    $0.59$0.62487010000000012011-09-30
    $0.43$0.49442011-06-30
    $0.37$0.456629900000000032011-03-31

    What is Analyst Ratings & Price Targets?

    The analysts provide Buy, Sell or Hold ratings after extensive research of a companies financial reports, listening to conference calls and some of them even get in contact with upper management of the company to get an overall picture of operation.

    Although institutional Analyst’s are not always correct, their ratings are followed by millions of traders around the world and they can heavily influence trading activities for a company.

    As a retail investor, going through analyst ratings will instantly provide you an idea if the stock is worth buying. Top Analysts also provide their price targets. It’s a prediction of where the stock price might go based on their analysis.

    The best way to analyze price targets is to combined average price targets of major analysts. If the average price target is much higher than the current price of the stock, then the probability of a stock going up is also high.

    What is Technical Analysis?

    Technical Analysis refers to analyzing a stock's price over a period of time. In the financial market, past price patterns are one of the strongest indicators of an asset's future performance.

    In easier terms, millions of traders use Live Charts to watch the stock prices, it is actually a single source of truth for most traders. When a stock's price reaches a significant price level/pattern in the chart, millions of traders take buy/sell positions from those levels.

    As a regular investor, one of the easiest ways to check technical analysis of a stock is through Technical Indicators. Technical Indicators are programmed algorithms that monitor price changes in the Charts and indicate Buy/Sell based on market conditions.

    Some Technical Indicators can be very powerful (e.g SMA) and some can be pretty useless. Stock research tools like iTradely heavily simplify the technical analysis process for the investors by showing Buy/Sell/Neutral ratings combined from 17 powerful technical indicators, all in one page.

    What is Earnings Per Share (EPS) and Why is it Important?

    EPS, or Earning Per Share, can tell a lot about a stock’s performance. It’s calculated by dividing a company’s profit by the number of outstanding shares of its common stocks.

    In layman’s term, earnings is an indicator of a company’s profitability. Higher the earnings, the more profitable a company is.
    Some traders pick stocks solely based on EPS or earnings Analysis, it is a very powerful indicator of a stock’s price.

    Before you buy a stock, check the company’s earnings History and Surprises. A Surprise happens when a company reports a much higher or lower actual earnings/EPS than the forecasted earnings/EPS.

    If a company reports higher EPS surprises consistently, analysts keep raising their estimates, traders become more confident in the company, driving the share price higher.

    What is Stock Sentiment?

    Stock Sentiment refers to how people speculating about the stock or what kind of trading position investors are often taking.

    There are different kinds of sentiments you can find online for a company, this includes Investor Sentiment (Percentage of investors buying or selling), News Sentiment (Is the company getting positive or negative impressions from the Press?), Social Sentiment (The overall trends about the company in social media, is it negative or positive?).