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Investor Insights

This summary was created by AI, based on 4 opinions in the last 12 months.

Methanex Corp (MX-T) is a top pick for many experts, with its solid performance and potential for future growth. Analysts are optimistic about the company's strong position as the largest supplier of methanol to international markets and the positive impact of China's recovery on commodity stocks. The company's recent earnings beat expectations, and it has taken prudent steps to retire debt and buy back shares. With a trailing stop at $55 and a potential upside of over 30%, MX-T remains an attractive investment option in the current market.

Consensus
Bullish
Valuation
Fair Value
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This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK
Methanex Corp
(A Top Pick Apr 27/23, Up 10.9%)

Our PAST TOP PICK with MX is progressing well.  To remain disciplined, we recommend trailing up the stop (from $55) to $64 at this time. 

chemicals
premium

This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK
Methanex Corp
(A Top Pick Apr 27/23, Up 1.2%)Stockchase Research Editor: Michael O'Reilly

Our PAST TOP PICK with MX is stalling.  To remain disciplined, we recommend trailing up the stop (from $51) to $55 at this time.  

chemicals
PAST TOP PICK
Methanex Corp
(A Top Pick Aug 08/22, Up 29%)

He took profits when it started to rally. A solid company though and will do well in the second half of 2023. Weak natural gas prices benefit Methanex by lowering their costs. China's recovery Will benefit commodity stocks like this, but it will take time.

chemicals
DON'T BUY
Methanex Corp

Does not own shares.
Proxy to economic growth across economy.
Basic component in large variety of retail products. 
China growth in China slowing.

chemicals
premium

This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

COMMENT
Methanex Corp
Stockchase Research Editor: Michael O'Reilly

We reiterate MX, the largest supplier of methanol to international markets, as a TOP PICK.  The company just released earnings, beating analyst expectations by 20%.  Production in the quarter was slowed due to extended turnaround times in several key regions, but this should be resolved shortly.  It trades at 13x earnings and 1.5x book value.  It has used some cash reserves to prudently retire debt and buy back shares.  We recommend maintaining a stop-loss at $51, looking to achieve $78 — upside potential over 30%.  Yield 1.0%

(Analysts’ price target is $78.17)
chemicals
premium

This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

TOP PICK
Methanex Corp
Stockchase Research Editor: Michael O’Reilly

As the largest supplier of methanol to international markets, we select MX as a TOP PICK.  The company just announced the first bio-methanol marine vessel voyage that opens the door to low-emission marine transport.  It trades at 9x earnings and 1.5x book value.  It has been some cash reserves to prudently retire debt and buy back shares.  We recommend placing a stop-loss at $51, looking to achieve $78 — upside potential over 21%.  Yield 1.0%

(Analysts’ price target is $78.69)
chemicals
COMMENT
Methanex Corp

Likes it. He just took profits. Natural gas is driving shares, and nat gas prices are down now, so MX shares are up. It's a solid performer, but if a recession happens, say 6 months down the road, this will be a headwind.

chemicals
BUY
Methanex Corp

Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research.

Earnings per share were 73c, beating estimates of 37c by a wide margin. 
Sales of $986M beat estimates by 4%. 
Earnings did fall year over year as prices fell about 16%, even as production increased. 
The company continues to buy back its own stock. 
The new incoming CEO sounded confident for 2023 and about 30% earnings growth is expected this year. 
The market has responded well to these better-than-expected results. Unlock Premium - Try 5i Free

chemicals
PAST TOP PICK
Methanex Corp
(A Top Pick Nov 03/21, Down 11%) Tough. He sold, recognizing peak of earnings cycle had come and gone. The cycle for this industry is wild.
chemicals
DON'T BUY
Methanex Corp
The group as a whole has been tougher with weak relative strength. This one kept making lower lows. Not participating in this rally. Avoid. See his Top Picks.
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TOP PICK
Methanex Corp
In general the price of methanol tracks the price of oil and should go higher. Natural gas is the feeder stock into methanol. As prices ease this should be good for Methanex. Transportation costs are dropping so costs to ship methanol will drop and therefore costs for Methanex. Buy 6 Hold 5 Sell 2 (Analysts’ price target is $63.06)
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PARTIAL SELL
Methanex Corp
Cyclical or core? Cyclical. He's been trimming. Depends on industrial production, which has peaked. From Q2 reporting onwards, methanex prices should get softer. Wild card is European peer operations are shut due to low price of nat gas, creating supply constraint. Buying back stock, increasing dividend.
chemicals
PAST TOP PICK
Methanex Corp
(A Top Pick May 04/21, Up 47%) World leader, with a 14% market share. Uniquely advantaged, as a lot of the European rivals are facing astronomical natural gas prices. $7 EPS expected this year, and that's not the peak. Sees upside, despite good performance already.
chemicals
DON'T BUY
Methanex Corp
Very whippy, counterintuitive. Tough to play. In favour right now, and tends to track oil prices. Global production issues. Buy it when no one wants it. But seriously, leave it for someone else.
chemicals
DON'T BUY
Methanex Corp
He tries to stay away from commodity-type names. They have too much volatility.
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Showing 1 to 15 of 400 entries

Methanex Corp(MX-T) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 3

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 3

Stockchase rating for Methanex Corp is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

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, 3 stock analysts published opinions about MX-T. 3 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . 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 on . 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?

3 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 2024-06-19, Methanex Corp (MX-T) stock closed at a price of $65.83.