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TSE:MX
This summary was created by AI, based on 3 opinions in the last 12 months.
Methanex Corp, trading under the symbol MX-T, has garnered positive feedback from various analysts and traders. One trader mentioned selling the stock after buying it at around $50 and praised its potential for further growth if it can sustain a breakout past recent highs. Analysts highlight that the stock is currently supported by strong performance indicators, especially within the fertilizers and chemicals sector amidst geopolitical tensions, such as the US-Iran war. Predictions suggest that the stock's price could rise to around $89.31, reflecting optimism about its trajectory. Despite a recent pullback, another analyst emphasized that it has substantial fundamental backing and a robust chance of breaking through existing resistance levels, keeping a positive stance overall.
This company has had a dramatic turnaround in their business, he says, and they do not own it yet. The payout ratio is only 12% and sales are up 45% on the year. ROE is now 27% from negative a year ago. Earnings are expected to be up 35%. Technical analysts suggest if it can break above $81 it can challenge $100 per share. Yield 2.2%. (Analysts’ price target is $81.51 )