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Methanex Corp has a consensus price target of $57.15 based on the ratings of 13 analysts. The high is $69 issued by TD Securities on March 28, 2022. The low is $44 issued by Barclays on September 10, 2024. The 3 most-recent analyst ratings were released by UBS, Raymond James, and Piper Sandler on September 16, 2024, September 11, 2024, and September 10, 2024, respectively. With an average price target of $58.67 between UBS, Raymond James, and Piper Sandler, there's an implied 43.90% upside for Methanex Corp from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Methanex (NASDAQ:MEOH) was reported by UBS on September 16, 2024. The analyst firm set a price target for $54.00 expecting MEOH to rise to within 12 months (a possible 32.45% upside). 26 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 September 10, 2024 when Barclays changed their price target from $56 to $44 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 September 16, 2024 so you should expect the next rating to be made available sometime around September 16, 2025.
While ratings are subjective and will change, the latest Methanex (MEOH) rating was a maintained with a price target of $58.00 to $54.00. The current price Methanex (MEOH) is trading at is $40.77, which is out of the analyst’s predicted range.
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