Buy, Sell or Hold: Methanex Corp (MX-T) — Stock Predictions at Stockchase

TSE:MX

62.19

0.47 (0.75%) 1d

Showing 1 to 15 of 388 entries

PAST TOP PICK

(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.

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DON'T BUY

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.

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DON'T BUY

He tries to stay away from commodity-type names. They have too much volatility.

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TOP PICK

Prolific free cashflow throughout the cycle. Earnings poised to grow another 74% in the next quarter. Expects a lot of share buybacks. Good upside from here. Yield is 1.08%. (Analysts’ price target is $52.46)

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PAST TOP PICK

(A Top Pick Sep 10/20, Up 68%) Shares were depressed last year. Methanol is used as a fuel additive. 14% global share. Now methanol prices are back up off the summer lows from last year. Incurred a loss last year. Low cost operator. Has contractural linkage with natural gas.

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DON'T BUY

Tangentially related to oil demand. You can buy quality, dividend-paying oil and gas producers with more sustainability and production predictability, without the specifics around methanol demand/supply. Gas is an area he's more excited about. Look to large senior producers in Canada instead.

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DON'T BUY

He is not as much a fan of this one. The supply is controlled by a few players and there is no demand growth. He has trouble with single commodity companies.

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BUY

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. The company is back to being profitable. The valuation is cheap with price to sale at 0.8x with forward P/E at 9.4x. Price to book is 1.9x. Healthy cash balance and strong financial position. Unlock Premium - Try 5i Free

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BUY on WEAKNESS

Used to own it in the portfolio. An ancillary energy play. Playing inversely against natural gas. In the cyclical category. If you believe there will be a cyclical rebound in the world, it is a good play. Was extremely overbought and nat gas prices have gone up. The valuation has gotten to a point where it is attractive as an entry point. Will benefit over the next 3 years.

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HOLD

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. It’s back to being profitable and increasing revenues over the past quarter. Valuation remains cheap. Methanol prices should return to pre-pandemic levels in the near future. Unlock Premium - Try 5i Free

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DON'T BUY

Cyclical commodity, follows GDP growth. She tends not to buy deep cyclicals. Not sure why the price drop. Stock has done well with the reopening, so this may be just a pullback.

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PAST TOP PICK

(A Top Pick Jun 11/20, Up 65%) Came roaring back from the abyss. Making lots of money at current methanol prices. Robust industrial protection. Wind at their backs. He's still buying. Significant ongoing upside potential. Valuation still undemanding.

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COMMENT

MX-T vs. CJT-T vs. Canadian Banks. MX-T is very tied to commodity prices. CJT-T enjoyed a surge in business due to the pandemic so probably due for a bit of a breather. He would prefer the Canadian banks, such as RY-T, TD-T and NA-T.

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TOP PICK

A value cyclical play. They're the world's biggest producer of methanol. They reported a blow-out Q1 last week due to strong methanol demand roaring back from the abyss of last year as people start driving and flying again. Industrial demand has remained strong. They operate six plants tglobally, located near cheap natural gas stocks. Share have recovered nicely since last year, but he sees even more upside. It trades at 2.4x book value, a discount for them. (Analysts’ price target is $53.50)

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BUY on WEAKNESS

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. It is looking more attractive with the pull back this year. Contract prices are rising and this year should see some robust growth. Much will depend on global recovery. Unlock Premium - Try 5i Free

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Showing 1 to 15 of 388 entries

Methanex Corp(MX-T) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 5

Neutral - Hold Signals / Votes : 1

Bearish - Sell Signals / Votes : 5

Total Signals / Votes : 11

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, 11 stock analysts published opinions about MX-T. 5 analysts recommended to BUY the stock. 5 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?

11 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 2022-05-25, Methanex Corp (MX-T) stock closed at a price of $62.19.

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