
Methanex (MEOH) Stock Forecast & Price Target
Methanex (MEOH) Analyst Ratings
Bulls say
Methanex Corp's positive outlook is supported by an anticipated increase in methanol prices, projected to rise to $280 per metric ton, driven primarily by improved conditions in the Chinese thermal coal market. The company's effective contracting strategy allows it to achieve prices significantly above its weighted-average spot price, which enhances revenue stability. In addition, Methanex has demonstrated strong performance in its average selling price (ASP) premiums, with figures increasing from $56 in Q1 to $80 in Q2, indicating a robust pricing environment for its methanol products.
Bears say
Methanex Corp's negative outlook is primarily attributed to a low EBITDA for Q3, which has adversely affected the company's balance sheet leverage and diminished the impact of buybacks on valuation. Additionally, there are significant signs of weak methanol demand, evidenced by low acetic acid prices in China and struggling manufacturing sectors such as housing and automotive. Furthermore, forecasts indicate a substantial decline in monthly methanol export loading, suggesting a supply-demand imbalance that may further depress prices.
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