
Methanex (MEOH) Stock Forecast & Price Target
Methanex (MEOH) Analyst Ratings
Bulls say
Methanex Corp has demonstrated a positive trajectory in its pricing outlook, with the average selling price (ASP) premium for methanol increasing significantly from $56 in Q1 to $80 per metric ton in Q2, indicating strong demand dynamics. Additionally, the company's successful contracting strategy allows it to achieve pricing well above its weighted-average spot price, enhancing revenue stability and growth potential. Furthermore, the anticipation of a rising methanol floor price, bolstered by improved conditions in the Chinese thermal coal market, supports a favorable financial outlook for Methanex.
Bears say
Methanex Corp's stock outlook is negatively impacted by low Q3 EBITDA, which has resulted in increased financial leverage and diminished buyback efficacy on valuation. Additionally, a decline in average selling price (ASP) over spot premium signals weakening demand conditions, and this trend is anticipated to continue with a forecasted drop to $51 in Q3. Market indicators suggest an oversupply situation, as evidenced by struggling methanol demand due to factors such as low acetic acid prices in China and overall weakness in the housing and automotive sectors, which may further depress export levels.
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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