Methanex Corp [MEOH] stock is trading at $45.75, down -2.91%. 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 lost -2.85% over the last week, with a monthly amount glided 3.81%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Methanex Corp [NASDAQ: MEOH] stock has seen the most recent analyst activity on September 10, 2024, when Barclays downgraded its rating to a Equal Weight and also revised its price target to $44 from $56. Previously, Piper Sandler upgraded its rating to Overweight on August 07, 2024, and elevated its price target to $51. On February 08, 2024, upgrade upgraded it’s rating to Buy and revised its price target to $60 on the stock. UBS upgraded its rating to a Neutral and increased its price target to $45 on November 02, 2023. Scotiabank upgraded its rating to a Sector Outperform and raised its price target to $54 on October 30, 2023. Raymond James upgraded its rating to Outperform for this stock on September 19, 2023, and upped its price target to $60. In a note dated June 12, 2023, Scotiabank downgraded an Sector Perform rating on this stock and revised its target price from $60 to $47.
Methanex Corp [MEOH] stock has fluctuated between $36.13 and $56.43 over the past year. Currently, Wall Street analysts expect the stock to reach $57.2 within the next 12 months. Methanex Corp [NASDAQ: MEOH] shares were valued at $45.75 at the most recent close of the market. An investor can expect a potential return of 25.03% based on the average MEOH price forecast.
Analyzing the MEOH fundamentals
Methanex Corp [NASDAQ:MEOH] reported sales of 3.69B for the trailing twelve months, which represents a growth of 13.55%. Gross Profit Margin for this corporation currently stands at 0.09% with Operating Profit Margin at 0.07%, Pretax Profit Margin comes in at 0.06%, and Net Profit Margin reading is 0.04%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.08 and Total Capital is 0.05. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.06.
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 44.75 points at the first support level, and at 43.76 for the second support level. However, for the 1st resistance point, the stock is sitting at 47.50, and for the 2nd resistance point, it is at 49.26.
Ratios To Look Out For
For context, Methanex Corp’s Current Ratio is 1.34. Further, the Quick Ratio stands at 1.01, while the Cash Ratio is 0.41. Considering the valuation of this stock, the price to sales ratio is 0.83, the price to book ratio is 1.54 and price to earnings (TTM) ratio is 20.28.
