Scotiabank Analysts Increase Earnings Estimates for Methanex

Methanex Co. (TSE:MX) (NASDAQ:MEOH) – Stock analysts at Scotiabank lifted their FY2026 earnings estimates for Methanex in a research report issued on Wednesday, July 15th. Scotiabank analyst B. Isaacson now forecasts that the company will post earnings of $11.27 per share for the year, up from their prior estimate of $10.37. The consensus estimate for Methanex’s current full-year earnings is $5.95 per share.

Other equities analysts also recently issued reports about the stock. Royal Bank Of Canada downgraded shares of Methanex from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, April 1st. National Bank Financial upgraded Methanex to a “strong-buy” rating in a report on Monday, July 13th. One analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of C$60.00.

Methanex Trading Up 2.7%

Shares of TSE:MX opened at C$76.73 on Monday. The firm has a fifty day moving average of C$77.53 and a two-hundred day moving average of C$74.14. The firm has a market capitalization of C$5.94 billion, a P/E ratio of -105.11, a price-to-earnings-growth ratio of 0.44 and a beta of 0.63. Methanex has a 12-month low of C$44.57 and a 12-month high of C$92.97. The company has a quick ratio of 1.59, a current ratio of 1.96 and a debt-to-equity ratio of 143.44.

Methanex (TSE:MX) (NASDAQ:MEOH) last released its quarterly earnings data on Wednesday, April 29th. The company reported C$0.42 earnings per share for the quarter. Methanex had a negative net margin of 1.26% and a negative return on equity of 1.84%. The firm had revenue of C$1.35 billion for the quarter.

Insider Buying and Selling

In related news, insider Kyung Wan (Fred) Lee sold 7,975 shares of the company’s stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of C$88.02, for a total value of C$701,959.50. Following the completion of the sale, the insider directly owned 5,025 shares in the company, valued at approximately C$442,300.50. This represents a 61.35% decrease in their ownership of the stock. Also, insider Sergio Almarza sold 1,000 shares of the stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of C$86.24, for a total transaction of C$86,240.00. Following the transaction, the insider directly owned 16,070 shares in the company, valued at C$1,385,876.80. The trade was a 5.86% decrease in their ownership of the stock. Over the last three months, insiders acquired 278,000 shares of company stock worth $23,636,345 and sold 13,475 shares worth $1,175,470. 0.35% of the stock is currently owned by corporate insiders.

About Methanex

Methanex Corp manufactures and sells methanol. Methanex’s customers use methanol as a feedstock to produce end-products including adhesives, foams, solvents, and windshield washer fluids. The firm also sells its products to the oil refining industry, where the methanol is blended with gasoline to produce a high-octane fuel or blended as a component of biodiesel. Methanex distributes its products through a global supply chain that includes the operation of port terminals, tankers, barges, rail cars, trucks, and pipelines.