TSE:MX
31.05
2.14
(6.45%)
Methanex Corporation is a Canadian company that supplies, distributes and markets methanol worldwide.
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Methanex Corp
MX-T
Analysis and Opinions about MX-T
Signal
Opinion
Expert
TOP PICK
TOP PICK
September 10, 2020
Offers selective exposure to cyclicals during this recovery. MX holds a 14% share of global methanol market, used in plastics and fuel blending. Generates heavy free cash and buys back shares at the top of the economic cycle. They run efficient plants in Canada, Chile, New Zealand, etc. near low-cost natural gas supplies. Methanol's price is now very low as the pandemic pressures transportation fuel demand. A value stock, so now is a great time to enter it. It trades at 1.4x book value (10-year average is 2.5x). Upside is huge. (Analysts’ price target is $30.42)
Show full opinionHide full opinion
Offers selective exposure to cyclicals during this recovery. MX holds a 14% share of global methanol market, used in plastics and fuel blending. Generates heavy free cash and buys back shares at the top of the economic cycle. They run efficient plants in Canada, Chile, New Zealand, etc. near low-cost natural gas supplies. Methanol's price is now very low as the pandemic pressures transportation fuel demand. A value stock, so now is a great time to enter it. It trades at 1.4x book value (10-year average is 2.5x). Upside is huge. (Analysts’ price target is $30.42)
TOP PICK
TOP PICK
June 11, 2020
It is a cyclical stock. It is a best of breed. Their advantage is low cost leadership. Some of their plants are idle right now. It is likely a double coming out of this. (Analysts’ price target is $28.54)
Show full opinionHide full opinionIt is a cyclical stock. It is a best of breed. Their advantage is low cost leadership. Some of their plants are idle right now. It is likely a double coming out of this. (Analysts’ price target is $28.54)
WEAK BUY
WEAK BUY
May 28, 2020
It is taking a lot more risk but could end up being a great trade. It is a cyclical company. If you have a very favourable view of the economy you can own it.
Show full opinionHide full opinionIt is taking a lot more risk but could end up being a great trade. It is a cyclical company. If you have a very favourable view of the economy you can own it.
BUY
BUY
May 25, 2020
We have seen some constructive signs coming out of it recently. It is a company hit by the demand-shock like so many during COVID. He is looking at putting it back into his portfolio.
Show full opinionHide full opinionWe have seen some constructive signs coming out of it recently. It is a company hit by the demand-shock like so many during COVID. He is looking at putting it back into his portfolio.
BUY WEAKNESS
BUY WEAKNESS
May 8, 2020
A deep cyclical that hit its lower target range. His is watching and would love to buy on a dip towards $16.
Show full opinionHide full opinionA deep cyclical that hit its lower target range. His is watching and would love to buy on a dip towards $16.
WAIT
WAIT
May 7, 2020
It has benefited from the fall in Natural Gas prices, which is its feed stock, but it suffered with the drop off in demand for gasoline. He would say it is similar in seasonality to WTI. If oil gets strength, this one should do well, consider late in the summer time. We aren't there yet.
Show full opinionHide full opinionIt has benefited from the fall in Natural Gas prices, which is its feed stock, but it suffered with the drop off in demand for gasoline. He would say it is similar in seasonality to WTI. If oil gets strength, this one should do well, consider late in the summer time. We aren't there yet.
HOLD
HOLD
May 1, 2020
Why correlated to oil? He owns it and was disappointed they decided to cut the dividend by 90% -- the first cut ever. It had been yielding 11% up to that, so the market was expecting some cut. It correlates to naturals as an input, but its output is related to gasoline as methanol is an additive to the fuel. He thinks going forward, although this is a cyclical business they should be able to weather the recession as it has in the past. He expects juicy capital appreciation as it trades 0.8 times book value. They have idled high cost facilities. It produces 13% of the world's methanol. Not a dividend payer anymore, but good upside on capital.
Show full opinionHide full opinionWhy correlated to oil? He owns it and was disappointed they decided to cut the dividend by 90% -- the first cut ever. It had been yielding 11% up to that, so the market was expecting some cut. It correlates to naturals as an input, but its output is related to gasoline as methanol is an additive to the fuel. He thinks going forward, although this is a cyclical business they should be able to weather the recession as it has in the past. He expects juicy capital appreciation as it trades 0.8 times book value. They have idled high cost facilities. It produces 13% of the world's methanol. Not a dividend payer anymore, but good upside on capital.
BUY
BUY
March 10, 2020
He just bought it, because he wanted more value and cyclical names. It's cheap. They're the world's biggest producer of methanol is used in plastics. They're expanding capacity in a U.S. plant and should get financing for that plant. They buyback a lot of shares. Now is a pullback opportunity.
Show full opinionHide full opinionHe just bought it, because he wanted more value and cyclical names. It's cheap. They're the world's biggest producer of methanol is used in plastics. They're expanding capacity in a U.S. plant and should get financing for that plant. They buyback a lot of shares. Now is a pullback opportunity.
WEAK BUY
WEAK BUY
February 3, 2020
He has been taking advantage in the markets of selling bond proxies. This would be one of the examples. It is a very cyclical commodity. He thinks the commodity will firm up. They are a big purchaser of their own stock. He thinks you can buy it comfortably and wait for the market to firm up.
Show full opinionHide full opinionHe has been taking advantage in the markets of selling bond proxies. This would be one of the examples. It is a very cyclical commodity. He thinks the commodity will firm up. They are a big purchaser of their own stock. He thinks you can buy it comfortably and wait for the market to firm up.
COMMENT
COMMENT
February 3, 2020
Long-term downtrend. Support at $40, but it's testing that support now. If it falls lower than that, reduce or sell altogether.
Show full opinionHide full opinionLong-term downtrend. Support at $40, but it's testing that support now. If it falls lower than that, reduce or sell altogether.
DON'T BUY
DON'T BUY
January 21, 2020
It has a big mountain of existing shares held (the chart peaked then fell a lot), so it faces a huge challenge to rise. Stay away.
Show full opinionHide full opinionIt has a big mountain of existing shares held (the chart peaked then fell a lot), so it faces a huge challenge to rise. Stay away.
SELL STRENGTH
SELL STRENGTH
January 21, 2020
It came down from a $60 head and shoulders, breaking it. Now, it's consolidating. $60 was support and is now resistance. So, sell at $60.
Show full opinionHide full opinionIt came down from a $60 head and shoulders, breaking it. Now, it's consolidating. $60 was support and is now resistance. So, sell at $60.
TOP PICK
TOP PICK
January 9, 2020
Largest producer of methanol in the world, with 14% share of global market. Lots of free cash flow. Dividend has grown 9% annually over last 10 years, plus retired 17% of shares. Discounted valuation, so a good entry point. Yield is 3.8%. (Analysts’ price target is $53.88)
Show full opinionHide full opinionLargest producer of methanol in the world, with 14% share of global market. Lots of free cash flow. Dividend has grown 9% annually over last 10 years, plus retired 17% of shares. Discounted valuation, so a good entry point. Yield is 3.8%. (Analysts’ price target is $53.88)
BUY
BUY
January 7, 2020
Seasonality is late-January to early-May. This has broken its downtrend line, so the outlook looks good.
Show full opinionHide full opinionSeasonality is late-January to early-May. This has broken its downtrend line, so the outlook looks good.
DON'T BUY
DON'T BUY
January 6, 2020
They produce a product that is loosely a substitute for gasoline. The issue is that they produce in foreign jurisdictions. He does not like to worry about the different demand characteristics compared to gasoline. He would not bother with it at these levels although it could be a trading vehicle. He prefers CNQ-T.
They produce a product that is loosely a substitute for gasoline. The issue is that they produce in foreign jurisdictions. He does not like to worry about the different demand characteristics compared to gasoline. He would not bother with it at these levels although it could be a trading vehicle. He prefers CNQ-T.
Methanex Corp(MX-T) Rating
Ranking : 5 out of 5
Bullish - Buy Signals / Votes : 9
Neutral - Hold Signals / Votes : 1
Bearish - Sell Signals / Votes : 6
Total Signals / Votes : 16
Methanex Corp(MX-T) Frequently Asked Questions
What is Methanex Corp stock symbol?
Methanex Corp is a Canadian stock, trading under the symbol MX-T on the Toronto Stock Exchange (MX-CT). It is usually referred to as TSX:MX or MX-T
Is Methanex Corp a buy or a sell?
In the last year, 16 stock analysts published opinions about MX-T. 9 analysts recommended to BUY the stock. 6 analysts recommended to SELL the stock. The latest stock analyst recommendation is TOP PICK. Read the latest stock experts' ratings for Methanex Corp.
Is Methanex Corp a good investment or a top pick?
Methanex Corp was recommended as a Top Pick by Brian Madden on 2020-09-10. Read the latest stock experts ratings for Methanex Corp.
Why is Methanex Corp stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
Is Methanex Corp worth watching?
16 stock analysts on Stockchase covered Methanex Corp In the last year. It is a trending stock that is worth watching.
What is Methanex Corp stock price?
On 2020-09-21, Methanex Corp (MX-T) stock closed at a price of $31.05.
