
Methanex (MEOH) Stock Forecast & Price Target
Methanex (MEOH) Analyst Ratings
Bulls say
The financial outlook for Methanex Corp is bolstered by a projected rise in methanol prices, with expectations for the Chinese spot price to increase from $260 to $280, primarily due to improved conditions in the thermal coal market. Additionally, the average selling price (ASP) premium has demonstrated significant growth, increasing from $56 in Q1 to $80 in Q2, indicating a robust pricing environment. The company's effective contracting strategy allows it to capture prices significantly above its weighted-average spot price, further enhancing its revenue potential.
Bears say
Methanex Corp's stock outlook reflects concerns stemming from weakened demand for methanol, as evidenced by low Q3 EBITDA and deteriorating balance sheet leverage, which negatively affects the company's valuation despite ongoing buybacks. Observations of struggling methanol demand, particularly highlighted by low acetic acid prices in China and challenges in MTO plant economics, signal potential oversupply in the market. Additionally, projections indicate a significant decrease in export loading for methanol, further accentuating the prevailing weakness in methanol prices, which constrains revenue prospects.
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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