Is Methanex Corporation’s 103.95% Rise This Year Is A Better Investing Opportunity?

In last trading session, Methanex Corporation (NASDAQ:MEOH) saw 0.62 million shares changing hands with its beta currently measuring 2.20. Company’s recent per share price level of $48.50 trading at $2.46 or 5.34% at ring of the bell on the day assigns it a market valuation of $3.64B. That closing price of MEOH’s stock is at a discount of -1.59% from its 52-week high price of $49.27 and is indicating a premium of 52.76% from its 52-week low price of $22.91. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.47 million shares which gives us an average trading volume of 287.68K if we extend that period to 3-months.

For Methanex Corporation (MEOH), analysts’ consensus is at an average recommendation of an Overweight while assigning it a mean rating of 2.40. Splitting up the data highlights that, out of 14 analysts covering the stock, 1 rated the stock as a Sell while 1 recommended an Overweight rating for the stock. 5 suggested the stock as a Hold whereas 7 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $1.2 in the current quarter.

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Upright in the green during last session for gaining 5.34%, in the last five days MEOH remained trading in the green while hitting it’s week-highest on Tuesday, 09/28/21 when the stock touched $48.50 price level, adding 0.61% to its value on the day. Methanex Corporation’s shares saw a change of 5.25% in year-to-date performance and have moved 6.97% in past 5-day. Methanex Corporation (NASDAQ:MEOH) showed a performance of 30.66% in past 30-days. Number of shares sold short was 1.55 million shares which calculate 6.38 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of $48.85 to the stock, which implies a rise of 0.72% to its current value. Analysts have been projecting $26.00 as a low price target for the stock while placing it at a high target of $60.00. It follows that stock’s current price would drop -23.71% in reaching the projected high whereas dropping to the targeted low would mean a gain of 46.39% for stock’s current value.

Methanex Corporation (MEOH) estimates and forecasts

Statistics highlight that Methanex Corporation is scoring comparatively higher than the scores of other players of the relevant industry. The company added 27.16% of value to its shares in past 6 months, showing an annual growth rate of 409.26% while that of industry is 18.90. Apart from that, the company came raising its revenue forecast for fiscal year 2021. The company is estimating its revenue growth to increase by 216.50% in the current quarter and calculating 593.30% increase in the next quarter. This year revenue growth is estimated to rise 50.60% from the last financial year’s standing.

7 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $942.21 million for the same. And 6 analysts are in estimates of company making revenue of $925.87 million in the next quarter that will end on Dec 2021. Company posted $581.26 million and $811.32 million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 62.10% while estimating it to be 14.10% for the next quarter.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -24.00% during past 5 years. In 2021, company’s earnings growth rate is likely to be around -279.70% while estimates for its earnings growth in next 5 years are of 28.70%.

MEOH Dividends

Methanex Corporation is more likely to be releasing its next quarterly report on October 27 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt. With an annual yield of 1.03%, the share has a forward dividend of 0.50 which implies that company’s dividend yield remained growing in trailing twelve months while having a 5 year average dividend yield of 2.86%.

Methanex Corporation (NASDAQ:MEOH)’s Major holders

Insiders are in possession of 0.39% of company’s total shares while institution are holding 80.75 percent of that, with stock having share float percentage of 81.06%. Investors also watch the number of corporate investors in a company very closely, which is 80.75% institutions for Methanex Corporation that are currently holding shares of the company. M&G Investment Management Ltd is the top institutional holder at MEOH for having 14.85 million shares of worth $490.94 million. And as of Jun 29, 2021, it was holding 19.48% of the company’s outstanding shares.

The second largest institutional holder is FIL LTD, which was holding about 6.89 million shares on Jun 29, 2021. The number of shares represents firm’s hold over 9.05% of outstanding shares, having a total worth of $227.96 million.

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On the other hand, Pear Tree Polaris Foreign Value Fund and Vanguard Explorer Fund, Inc. are the top two Mutual Funds which own company’s shares. As of Jun 29, 2021, the former fund manager was holding 1.99 million shares of worth $65.74 million or 2.61% of the total outstanding shares. The later fund manager was in possession of 1.86 million shares on Apr 29, 2021, making its stake of worth around $67.9 million in the company or a holder of 2.44% of company’s stock.