
TSE:MX
This summary was created by AI, based on 4 opinions in the last 12 months.
Methanex Corp (MX-T) has garnered mixed opinions among experts regarding its current standing and future potential. One expert reported a successful trading experience, having bought shares around $50 and selling near $75, while noting a cautious approach towards new investments at the present time. Another review highlighted the strength in the company's RSI amidst positive trends in fertilizers and chemicals due to geopolitical tensions, suggesting continued momentum with an optimistic price target of $89.31. A third expert pointed to a recent recovery from lower levels, indicating potential for further upside if it breaks through old resistance. However, some caution is advised as fundamentals are showing a 32% year-over-year decrease in EPS, combined with expected revenue declines. Despite these challenges, the stock is noted for its decent dividend yield and potential for a turnaround with the upcoming earnings report on July 30, which may indicate an upside surprise.
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 )