TSE:MX - Methanex Stock Price Target and Predictions

  • Consensus Rating: Buy
  • Consensus Price Target: C$52.75
  • Forecasted Upside: 18.83 %
  • Number of Analysts: 6
  • Breakdown:
  • 0 Sell Ratings
  • 2 Hold Ratings
  • 4 Buy Ratings
  • 0 Strong Buy Ratings
C$44.39
▲ +0.82 (1.88%)
1 month | 3 months | 12 months
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Analyst Price Target for MX

i We calculate consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). Our consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. Our consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
C$52.75
▲ +18.83% Upside Potential
This price target is based on 6 analysts offering 12 month price targets for Methanex in the last 3 months. The average price target is C$52.75, with a high forecast of C$62.50 and a low forecast of C$38.00. The average price target represents a 18.83% upside from the last price of C$44.39.

Buy

The current consensus among 6 investment analysts is to buy stock in Methanex. This rating has held steady since January 2021, when it changed from a Hold consensus rating.

Past Monthly Recommendations

Move your mouse over past months for details

  • 0 strong buy ratings
  • 1 buy ratings
  • 1 hold ratings
  • 0 sell ratings
12/22/2019
  • 0 strong buy ratings
  • 1 buy ratings
  • 1 hold ratings
  • 0 sell ratings
3/21/2020
  • 0 strong buy ratings
  • 1 buy ratings
  • 2 hold ratings
  • 0 sell ratings
6/19/2020
  • 0 strong buy ratings
  • 0 buy ratings
  • 2 hold ratings
  • 0 sell ratings
9/17/2020
  • 0 strong buy ratings
  • 1 buy ratings
  • 2 hold ratings
  • 0 sell ratings
12/16/2020
  • 0 strong buy ratings
  • 3 buy ratings
  • 2 hold ratings
  • 0 sell ratings
3/16/2021
  • 0 strong buy ratings
  • 4 buy ratings
  • 2 hold ratings
  • 0 sell ratings
5/15/2021
  • 0 strong buy ratings
  • 4 buy ratings
  • 2 hold ratings
  • 0 sell ratings
6/14/2021

Latest Recommendations

  • 0 strong buy ratings
  • 4 buy ratings
  • 2 hold ratings
  • 0 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetDetails
6/1/2021Tudor PickeringReiterated RatingHoldC$46.00
i
6/1/2021Royal Bank of CanadaUpgradeOutperformC$55.00 ➝ C$60.00
i
4/30/2021TD SecuritiesReiterated RatingBuyC$62.50
i
4/30/2021Tudor PickeringReiterated RatingSector PerformC$55.00
i
4/29/2021Raymond JamesBoost Price TargetOutperformC$62.00
i
4/29/2021Royal Bank of CanadaReiterated RatingSector PerformC$55.00
i
3/31/2021Royal Bank of CanadaReiterated RatingSector PerformC$57.00
i
3/31/2021Tudor Pickering & HoltReiterated RatingHold
i
3/25/2021Tudor PickeringReiterated RatingHold
i
3/25/2021Tudor Pickering & HoltReiterated RatingHold
i
2/24/2021Tudor Pickering & HoltReiterated RatingHold
i
1/29/2021Raymond JamesReiterated RatingOutperformC$55.00
i
1/28/2021Royal Bank of CanadaReiterated RatingSector PerformC$50.00
i
1/27/2021Tudor Pickering & HoltReiterated RatingHoldC$49.00 ➝ C$38.00
i
11/30/2020National Bank FinancialBoost Price TargetOutperformC$48.00
i
7/15/2020Tudor Pickering & HoltReiterated RatingSell
i
6/25/2020Tudor PickeringReiterated RatingSell
i
6/25/2020Tudor Pickering & HoltReiterated RatingSell
i
4/24/2020Tudor Pickering & HoltSet Price TargetHoldC$21.00
i
3/27/2020Tudor PickeringReiterated RatingHoldC$21.00
i
3/27/2020Tudor Pickering & HoltSet Price TargetHoldC$21.00
i
10/9/2019Tudor Pickering & HoltReiterated RatingHold
i
7/2/2019BMO Capital MarketsLower Price TargetOutperformC$70.00 ➝ C$65.00
i
7/27/2018Sanford C. BernsteinLower Price TargetC$44.64 ➝ C$44.44
i
7/23/2018Sanford C. BernsteinBoost Price TargetC$91.36C$43.68 ➝ C$44.64
i
5/23/2018BMO Capital MarketsReiterated RatingOutperformC$80.00
i
4/26/2018Sanford C. BernsteinBoost Price TargetC$42.95 ➝ C$43.68
i
4/20/2018Sanford C. BernsteinBoost Price TargetC$42.76 ➝ C$42.95
i
4/12/2018Sanford C. BernsteinLower Price TargetC$43.86 ➝ C$42.76
i
4/9/2018BMO Capital MarketsReiterated RatingOutperformC$72.00
i
2/2/2018BMO Capital MarketsSet Price TargetOutperformC$72.00
i
1/29/2018Sanford C. BernsteinLower Price TargetC$46.43 ➝ C$41.89
i
12/19/2017TD SecuritiesBoost Price TargetBuyC$85.00
i
10/31/2017Raymond JamesDowngradeOutperform ➝ Market PerformC$77.00
i
10/27/2017TD SecuritiesBoost Price TargetBuyC$75.50
i
10/27/2017Royal Bank of CanadaBoost Price TargetSector PerformC$73.00
i
10/26/2017ScotiabankReiterated RatingSector PerformC$68.00
i
10/18/2017ScotiabankReiterated RatingSector PerformC$67.00
i
9/18/2017BMO Capital MarketsReiterated RatingOutperformC$57.00
i
7/6/2017BMO Capital MarketsReiterated RatingOutperformC$57.00
i
7/4/2017ScotiabankReiterated RatingSector PerformC$69.00
i
4/28/2017Royal Bank of CanadaLower Price TargetSector PerformC$73.50
i
3/28/2017Royal Bank of CanadaReiterated RatingSector Perform
i
3/21/2017ScotiabankReiterated RatingSector PerformC$51.00
i
Rating by B. Laprade at Scotiabank
3/15/2017ScotiabankReiterated RatingSector PerformC$51.00
i
Rating by B. Laprade at Scotiabank
3/8/2017ScotiabankReiterated RatingSector PerformC$51.00
i
Rating by B. Laprade at Scotiabank
2/28/2017ScotiabankReiterated RatingSector PerformC$51.00
i
Rating by B. Laprade at Scotiabank
2/22/2017ScotiabankReiterated RatingSector PerformC$48.00
i
Rating by B. Laprade at Scotiabank
2/15/2017ScotiabankReiterated RatingSector PerformC$48.00
i
Rating by B. Laprade at Scotiabank
2/7/2017ScotiabankReiterated RatingSector PerformC$48.00
i
Rating by B. Laprade at Scotiabank
1/31/2017ScotiabankReiterated RatingSector PerformC$48.00
i
Rating by B. Laprade at Scotiabank
1/27/2017TD SecuritiesBoost Price TargetHoldC$47.00 ➝ C$50.00
i
1/26/2017Royal Bank of CanadaReiterated RatingSector PerformC$68.00
i
1/24/2017ScotiabankReiterated RatingSector PerformC$47.00
i
Rating by B. Laprade at Scotiabank
1/20/2017Royal Bank of CanadaReiterated RatingSector PerformC$56.00
i
1/17/2017ScotiabankReiterated RatingSector PerformC$47.00
i
Rating by B. Laprade at Scotiabank
1/11/2017ScotiabankReiterated RatingSector PerformC$47.00
i
Rating by B. Laprade at Scotiabank
1/4/2017ScotiabankSet Price TargetSector PerformC$47.00
i
Rating by B. Laprade at Scotiabank
1/3/2017BMO Capital MarketsSet Price TargetOutperformC$53.00
i
1/3/2017Raymond JamesDowngradeOutperform ➝ Market PerformC$48.00
i
12/21/2016TD SecuritiesBoost Price TargetHoldC$40.00 ➝ C$47.00
i
12/20/2016ScotiabankReiterated RatingSector PerformC$47.00
i
Rating by B. Laprade at Scotiabank
12/14/2016ScotiabankReiterated RatingSector PerformC$47.00
i
Rating by B. Laprade at Scotiabank
12/8/2016ScotiabankReiterated RatingSector PerformC$47.00
i
Rating by B. Laprade at Scotiabank
12/2/2016ScotiabankDowngradeOutperform ➝ Sector PerformC$42.75 ➝ C$47.00
i
11/30/2016ScotiabankReiterated RatingOutperformC$42.75
i
Rating by B. Laprade at Scotiabank
10/28/2016TD SecuritiesDowngradeBuy ➝ HoldC$39.00 ➝ C$40.00
i
10/27/2016Royal Bank of CanadaReiterated RatingSector PerformC$46.50 ➝ C$54.50
i
8/30/2016ScotiabankReiterated RatingOutperformC$35.00
i
7/29/2016TD SecuritiesBoost Price TargetHold ➝ BuyC$32.00 ➝ C$35.00
i
7/12/2016TD SecuritiesLower Price TargetHoldC$37.00 ➝ C$32.00
i
(Data available from 6/14/2016 forward)
Methanex logo
Methanex Corporation produces and supplies methanol in North America, the Asia Pacific, Europe, and South America. 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. The company owns and manages a fleet of approximately 30 ocean-going vessels. It serves chemical and petrochemical producers. The company was incorporated in 1968 and is headquartered in Vancouver, Canada.
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Today's Range

Now: C$44.39
C$43.73
C$45.26

50 Day Range

MA: C$45.92
C$42.55
C$50.35

52 Week Range

Now: C$44.39
C$24.10
C$62.49

Volume

250,129 shs

Average Volume

279,103 shs

Market Capitalization

C$3.38 billion

P/E Ratio

N/A

Dividend Yield

0.42%

Beta

N/A

Frequently Asked Questions

What sell-side analysts currently cover shares of Methanex?

The following equities research analysts have issued reports on Methanex in the last year: National Bank Financial, Raymond James, Royal Bank of Canada, TD Securities, Tudor Pickering, and Tudor Pickering & Holt.
View the latest analyst ratings for MX.

What is the current price target for Methanex?

6 Wall Street analysts have set twelve-month price targets for Methanex in the last year. Their average twelve-month price target is C$52.75, suggesting a possible upside of 18.8%. TD Securities has the highest price target set, predicting MX will reach C$62.50 in the next twelve months. Tudor Pickering & Holt has the lowest price target set, forecasting a price of C$38.00 for Methanex in the next year.
View the latest price targets for MX.

What is the current consensus analyst rating for Methanex?

Methanex currently has 2 hold ratings and 4 buy ratings from Wall Street analysts. The stock has a consensus analyst rating of "Buy." A "buy" rating indicates that analysts believe MX will outperform the market and that investors should add to their positions of Methanex.
View the latest ratings for MX.

What other companies compete with Methanex?

How do I contact Methanex's investor relations team?

Methanex's physical mailing address is 1800-200 Burrard St, VANCOUVER, BC V6C 3M1, Canada. The company's listed phone number is +1-604-6612600. The official website for Methanex is www.methanex.com.