This is What Makes Methanex Corporation Stocks A Gamechanger?

As of right now, Methanex Corporation [MEOH] is trading at $39.86, up 0.99%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The MEOH shares have gain 3.45% over the last week, with a monthly amount glided 16.75%, and seem to be holding up well over a long-time horizon.

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On 22, November 2022, Methanex Awarded EcoVadis Gold Medal for Sustainability Rating. In a post published today on Yahoo Finance, Company ranks in the top 5% of companies assessed.

From an analyst’s perspective:

Methanex Corporation [NASDAQ: MEOH] stock has seen the most recent analyst activity on September 26, 2022, when Scotiabank upgraded its rating to a Sector Outperform. Previously, Scotiabank downgraded its rating to Sector Perform on May 31, 2022, and kept the price target unchanged to $50. On May 10, 2022, downgrade downgraded it’s rating to Underweight and revised its price target to $48 on the stock. Raymond James downgraded its rating to a Mkt Perform and decreased its price target to $52 on December 29, 2021. Scotiabank upgraded its rating to a Sector Outperform and raised its price target to $50 on September 20, 2021. Piper Sandler started tracking with a Neutral rating for this stock on September 14, 2021, and assigned it a price target of $44. In a note dated September 07, 2021, Barclays upgraded an Overweight rating on this stock and boosted its target price from $39 to $53.

Through the last year, Methanex Corporation’s stock price ranged from $28.73 to $56.79. Currently, Wall Street analysts expect the stock to reach $45.36 within the next 12 months. Methanex Corporation [NASDAQ: MEOH] shares were valued at $39.86 at the most recent close of the market. An investor can expect a potential return of 13.8% based on the average MEOH price forecast.

Analyzing the MEOH fundamentals

For Methanex Corporation, (MEOH), the latest quarter sales were 1.32 billion, which represents an -6.10% decrease. Gross Margin for this corporation currently stands at +29.51% with Operating Margin at +16.13%, Pretax Margin comes in at +12.88%, and Net Margin reading is +10.93%.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 39.40 points at the first support level, and at 38.93 for the second support level. However, for the 1st resistance point, the stock is sitting at 40.13, and for the 2nd resistance point, it is at 40.39.

Methanex Corporation [MEOH] reported earnings per share of $1.24 for its fiscal quarter that ended on 6/29/2021. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1.15/share, meaning a difference of $0.09 and a surprise factor of 7.80%. By comparison, the stated earnings for the previous quarter ended on 3/30/2021 were $1.07 per share as compared to estimates of $1.09 per share, a difference of -$0.02 representing a surprise of -1.80%.

Ratios To Look Out For

It is important to note that Methanex Corporation [NASDAQ:MEOH] has a current ratio of 2.10. Further, the Quick Ratio stands at 1.59, while the Cash Ratio is 0.97. Considering the valuation of this stock, the price to sales ratio is 0.69, the price to book ratio is 1.76 and the P/E (TTM) ratio is 5.73.