(MEOH) Methanex - Ratings and Ratios

Methanex Corporation is a leading global supplier of methanol, a fundamental chemical used in the production of various industrial and consumer goods, serving a diverse customer base across the Asia Pacific, North America, Europe, and South America regions. The companys comprehensive infrastructure, including owned and leased storage and terminal facilities, enables efficient logistics and supply chain management. As a major player in the commodity chemicals sector, Methanex Corporation is well-positioned to capitalize on the growing demand for methanol driven by the increasing need for chemicals and petrochemicals.

With a strong operational foundation established since its incorporation in 1968, Methanex Corporation has developed a robust presence in the global market, headquartered in Vancouver, Canada. The companys commitment to delivering high-quality methanol products is reflected in its extensive customer base, comprising prominent chemical and petrochemical producers. For more information, visit the companys website at https://www.methanex.com.

Analyzing the technical data, the current price of $34.43 indicates a potential buying opportunity, as it is above the SMA20 ($33.28) and SMA50 ($31.55), suggesting a short-term uptrend. However, the stock is below its SMA200 ($40.56), indicating a longer-term downtrend. The ATR (1.20 = 3.47%) suggests moderate volatility. Considering the fundamental data, the companys market capitalization of $2.36 billion, P/E ratio of 11.45, and forward P/E ratio of 13.33 indicate a relatively undervalued stock with potential for growth. With a Return on Equity (RoE) of 10.67%, Methanex Corporation demonstrates a decent ability to generate profits from shareholder equity.

Based on the technical and fundamental analysis, a forecast for Methanex Corporation is as follows: if the stock continues to trade above its SMA20 and SMA50, and the methanol demand remains strong, driven by the growing chemical and petrochemical industries, the stock price may target the $40 level, potentially reaching its SMA200. However, if the stock price falls below its SMA50, it may signal a stronger downtrend, potentially testing the 52-week low of $25.87. Therefore, investors may consider accumulating the stock at current levels, with a target price of $40 and a stop-loss below $31.55.