Raymond James Raises Methanex Price Target to $45 on Strong Methanol Price Trends

Raymond James analyst Steve Hansen has raised Methanex's price target to $45 from $40 and maintains an Outperform rating. The increase reflects better-than-expected methanol price trends, driven by supply disruptions across key producing countries. Hansen expects both spot and contract prices to benefit from these disruptions.

Raymond James has revised its price target for Methanex (NASDAQ: MEOH) to $45 from $40, while maintaining an Outperform rating. The move reflects better-than-expected methanol price trends, driven by supply disruptions in key producing countries. Analyst Steve Hansen expects both spot and contract prices to benefit from these disruptions [1].

Methanol, a basic chemical used in various industrial and consumer products, has seen its prices improve due to global supply disruptions, particularly in regions like Iran. Methanex, the world's largest producer and supplier of methanol, has benefited from these favorable pricing conditions. Hansen's updated target aligns with broader analyst sentiment, with targets ranging from $33 to $65, and the stock currently trading at attractive valuations with a P/E ratio of 10.1x [1].

The analyst also increased Methanex's 2025 and 2026 earnings estimates to reflect the improved pricing environment in the methanol market. Hansen cited three key factors for his constructive view on Methanex: long-term global methanol fundamentals, the company's recently closed acquisition of OCI Global, and the stock's discounted valuation [1].

In other recent news, Methanex Corporation received regulatory clearance for its acquisition of OCI Global’s methanol business, with the transaction expected to close on June 27. This strategic move is anticipated to enhance Methanex’s production capacity and geographic reach in the global methanol market [1]. Meanwhile, Piper Sandler upgraded Methanex’s stock rating to Overweight, raising the price target to $48, while Jefferies maintained a Buy rating but lowered the price target to $45 [1].

The complex landscape for Methanex reflects the company's strategic growth initiatives and cost management focus, as highlighted by JPMorgan's Neutral rating and price target of $33 [1]. These developments underscore the importance of staying informed about Methanex's market dynamics and strategic moves.

References:
[1] https://www.investing.com/news/analyst-ratings/methanex-stock-price-target-raised-to-45-from-40-at-raymond-james-93CH-4135439
[2] https://www.nasdaq.com/articles/analysts-estimate-raymond-james-financial-inc-rjf-report-decline-earnings-what-look-out
[3] https://www.marketbeat.com/instant-alerts/morgan-stanley-issues-positive-forecast-for-raymond-james-financial-nyserjf-stock-price-2025-07-15/