Methanex Corp has a consensus price target of $56.54, established from looking at the 52 latest analyst ratings. The last 3 analyst ratings were released from UBS, RBC Capital, and Piper Sandler on April 25, 2024, April 3, 2024, and March 7, 2024. With an average price target of $52.33 between UBS, RBC Capital, and Piper Sandler, there's an implied 9.55% upside for Methanex Corp from these 3 analyst ratings.
1calculated from analyst ratings published within the last 3 years
date | ticker | Buy Now | Company | Current price | Upside/Downside | Analyst Firm | Analyst & % Accurate | Price Target Change | Rating Change | Previous / Current Rating | Get Alert |
---|---|---|---|---|---|---|---|---|---|---|---|
04/25/2024 | MEOH | Buy Now | Methanex | $47.77 | 29.79% | UBS | Joshua Spector | $59 → $62 | Maintains | Buy | Get Alert |
04/03/2024 | MEOH | Buy Now | Methanex | $47.77 | -5.8% | RBC Capital | Nelson Ng | → $45 | Reiterates | Sector Perform → Sector Perform | Get Alert |
03/07/2024 | MEOH | Buy Now | Methanex | $47.77 | 4.67% | Piper Sandler | Charles Neivert | $50 → $50 | Maintains | Neutral | Get Alert |
02/12/2024 | MEOH | Buy Now | Methanex | $47.77 | 17.23% | Barclays | Michael Leithead | $53 → $56 | Maintains | Overweight | Get Alert |
02/08/2024 | MEOH | Buy Now | Methanex | $47.77 | 25.6% | UBS | Joshua Spector | $51 → $60 | Upgrade | Neutral → Buy | Get Alert |
01/11/2024 | MEOH | Buy Now | Methanex | $47.77 | 6.76% | UBS | Joshua Spector | $48 → $51 | Maintains | Neutral | Get Alert |
12/14/2023 | MEOH | Buy Now | Methanex | $47.77 | 0.48% | UBS | Joshua Spector | $45 → $48 | Maintains | Neutral | Get Alert |
12/01/2023 | MEOH | Buy Now | Methanex | $47.77 | -5.8% | RBC Capital | Nelson Ng | → $45 | Reiterates | Sector Perform → Sector Perform | Get Alert |
11/02/2023 | MEOH | Buy Now | Methanex | $47.77 | -5.8% | UBS | Joshua Spector | $40 → $45 | Upgrade | Sell → Neutral | Get Alert |
10/30/2023 | MEOH | Buy Now | Methanex | $47.77 | -5.8% | RBC Capital | Nelson Ng | → $45 | Reiterates | Sector Perform → Sector Perform | Get Alert |
10/30/2023 | MEOH | Buy Now | Methanex | $47.77 | 0.48% | Barclays | Michael Leithead | $50 → $48 | Maintains | Overweight | Get Alert |
10/30/2023 | MEOH | Buy Now | Methanex | $47.77 | 13.04% | Scotiabank | Ben Isaacson | $47 → $54 | Upgrade | Sector Perform → Sector Outperform | Get Alert |
10/02/2023 | MEOH | Buy Now | Methanex | $47.77 | -5.8% | RBC Capital | Nelson Ng | → $45 | Reiterates | Sector Perform → Sector Perform | Get Alert |
09/19/2023 | MEOH | Buy Now | Methanex | $47.77 | 25.6% | Raymond James | Steve Hansen | $50 → $60 | Upgrade | Market Perform → Outperform | Get Alert |
09/05/2023 | MEOH | Buy Now | Methanex | $47.77 | -5.8% | RBC Capital | Nelson Ng | → $45 | Reiterates | Sector Perform → Sector Perform | Get Alert |
07/11/2023 | MEOH | Buy Now | Methanex | $47.77 | 4.67% | Barclays | Michael Leithead | $56 → $50 | Maintains | Overweight | Get Alert |
06/29/2023 | MEOH | Buy Now | Methanex | $47.77 | -5.8% | RBC Capital | Nelson Ng | $50 → $45 | Maintains | Sector Perform | Get Alert |
06/12/2023 | MEOH | Buy Now | Methanex | $47.77 | — | Scotiabank | Ben Isaacson | — | Downgrade | Sector Outperform → Sector Perform | Get Alert |
06/02/2023 | MEOH | Buy Now | Methanex | $47.77 | 4.67% | RBC Capital | Nelson Ng | $55 → $50 | Maintains | Sector Perform | Get Alert |
The latest price target for Methanex (NASDAQ: MEOH) was reported by UBS on April 25, 2024. The analyst firm set a price target for $62.00 expecting MEOH to rise to within 12 months (a possible 29.79% upside). 21 analyst firms have reported ratings in the last year.
The latest analyst rating for Methanex (NASDAQ: MEOH) was provided by UBS, and Methanex maintained their buy rating.
The last upgrade for Methanex Corp happened on February 8, 2024 when UBS raised their price target to $60. UBS previously had a neutral for Methanex Corp.
The last downgrade for Methanex Corp happened on June 12, 2023 when Scotiabank changed their price target from N/A to N/A for Methanex Corp.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Methanex, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Methanex was filed on April 25, 2024 so you should expect the next rating to be made available sometime around April 25, 2025.
While ratings are subjective and will change, the latest Methanex (MEOH) rating was a maintained with a price target of $59.00 to $62.00. The current price Methanex (MEOH) is trading at is $47.77, which is out of the analyst’s predicted range.
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