Scotiabank Has Bullish Outlook for Methanex FY2025 Earnings

Methanex Co. (TSE:MX) (NASDAQ:MEOH) – Equities research analysts at Scotiabank raised their FY2025 earnings per share estimates for Methanex in a research report issued on Wednesday, March 19th. Scotiabank analyst B. Isaacson now anticipates that the company will earn $5.51 per share for the year, up from their prior forecast of $4.85. Scotiabank currently has a “Hold” rating on the stock. The consensus estimate for Methanex’s current full-year earnings is $5.95 per share. Scotiabank also issued estimates for Methanex’s FY2026 earnings at $5.39 EPS.

Separately, Cibc World Mkts upgraded shares of Methanex from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 10th. Two research analysts have rated the stock with a hold rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Buy”.

Methanex Stock Performance

Shares of TSE MX opened at C$53.69 on Monday. The firm’s 50-day moving average price is C$65.06 and its 200-day moving average price is C$62.52. Methanex has a 52-week low of C$49.21 and a 52-week high of C$78.18. The company has a market cap of C$2.56 billion, a PE ratio of 16.87, a PEG ratio of 0.44 and a beta of 1.79. The company has a quick ratio of 1.59, a current ratio of 1.34 and a debt-to-equity ratio of 148.53.

Insider Transactions at Methanex

In related news, Senior Officer Kevin Maloney acquired 1,400 shares of the stock in a transaction dated Tuesday, March 11th. The shares were purchased at an average cost of C$53.55 per share, with a total value of C$74,969.02. Also, Director Karine Delbarre acquired 1,081 shares of the business’s stock in a transaction that occurred on Tuesday, March 11th. The shares were bought at an average price of C$53.07 per share, with a total value of C$57,368.72. Company insiders own 0.35% of the company’s stock.

Methanex Company Profile

Methanex Corporation produces and supplies methanol in China, Europe, the United States, South America, South Korea, Canada, and Asia. The company also purchases methanol produced by others under methanol offtake contracts and on the spot market. In addition, it owns and leases storage and terminal facilities.