CIBC raises Methanex stock target to USD 77 from USD 71

Published on 10/20/2026 at 19:37 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue was USD 1.40 billion in the second quarter. Methanex stock costs EUR 56.33 on October 20, 2026.

Analyst target and reporting date

CIBC raised its Methanex target from USD 71.00 to USD 77.00 on October 19, 2026.
Second-quarter revenue reached USD 1.40 billion for the period ended June 30, 2026.
Methanex stock costs EUR 56.33 at Lang & Schwarz on October 20, 2026 at 7:33 p.m. CEST.
Methanex scheduled its third-quarter release for October 29, 2026 and earnings call for October 30, 2026.

MEOH, CA59151K1084, Illustration mit AI erstellt.

Methanex Corporation stock (ISIN CA59151K1084) has a new analyst reference point after CIBC raised its target from USD 71.00 to USD 77.00 on October 19, 2026, as Markets Insider reported. The new target was 19.40 percent above Methanex's USD 64.49 Nasdaq price on October 19, 2026. Methanex stock was trading at EUR 56.33 at Lang & Schwarz on October 20, 2026 at 7:33 p.m. CEST.

Target reflects higher estimates

CIBC kept an Outperformer rating while moving its valuation basis to 2028 estimates. The report also said the firm raised its adjusted earnings before interest, taxes, depreciation and amortization estimates for 2026 and 2027, citing higher near-term methanol prices.

The latest operating backdrop remains tied to methanol pricing. Methanex's second-quarter average realized price was USD 529 per ton, while adjusted earnings before interest, taxes, depreciation and amortization reached USD 577 million, according to the Yahoo Finance transcript of the July 29, 2026 earnings call.

Revenue rose 75 percent

For the second quarter ended June 30, 2026, revenue reached USD 1.40 billion, up 75.00 percent from the prior-year quarter. Adjusted earnings per share were USD 3.87, below the USD 4.00 consensus estimate, while operating cash flow reached USD 439.46 million, as reported by MarketBeat.

The company said its expected 2026 equity production was approximately 9.00 million tonnes. Management also indicated that third-quarter earnings would be lower than the second quarter if average realized prices stayed within the USD 460.00 to USD 485.00 per tonne range described on the earnings call.

October reporting dates set

Methanex's investor-relations calendar lists the third-quarter earnings release for October 29, 2026 and the earnings call for October 30, 2026. The company identifies Nasdaq as its U.S. listing with the ticker MEOH and TSX as its Canadian listing with the ticker MX.

For market context, the October 16, 2026 market profile placed Methanex's market capitalization at USD 5.03 billion and its 52-week range at USD 32.00 to USD 66.75. The same profile listed a price-to-earnings ratio of 63.16.

Stock price and investor perspective

The analyst revision puts the upcoming October results against a higher valuation bar, while the second-quarter comparison shows how strongly revenue responded to methanol pricing. The next report will provide the first scheduled test of the assumptions behind the updated target.

The further course of trading is shown by the continuously updated real-time quote of Methanex stock.