Methanex (TSE:MX) Director Sells C$176,060.00 in Stock

Methanex Co. (TSE:MX) (NASDAQ:MEOH) Director Alejandro Larrive sold 2,000 shares of the stock in a transaction that occurred on Wednesday, September 16th. The stock was sold at an average price of C$88.03, for a total transaction of C$176,060.00. Following the sale, the director directly owned 8,009 shares of the company’s stock, valued at approximately C$705,032.27. This trade represents a 19.98% decrease in their position.

Alejandro Larrive also recently made the following trade(s):

• On Thursday, August 20th, Alejandro Larrive sold 2,000 shares of Methanex stock. The shares were sold at an average price of C$83.92, for a total transaction of C$167,840.00.

Methanex Trading Down 0.1%

Shares of MX stock opened at C$85.31 on Friday. The company has a quick ratio of 1.59, a current ratio of 2.07 and a debt-to-equity ratio of 122.11. Methanex Co. has a fifty-two week low of C$45.01 and a fifty-two week high of C$92.97. The firm’s 50 day moving average price is C$79.67 and its two-hundred day moving average price is C$79.02. The stock has a market cap of C$6.60 billion, a price-to-earnings ratio of 96.94, a price-to-earnings-growth ratio of 0.44 and a beta of 0.57.

Methanex (TSE:MX) (NASDAQ:MEOH) last released its quarterly earnings data on Tuesday, July 28th. The company reported C$5.50 earnings per share (EPS) for the quarter. Methanex had a net margin of 2.05% and a return on equity of 3.50%. The company had revenue of C$1.98 billion during the quarter. On average, analysts anticipate that Methanex Co. will post 5.9482927 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on MX. Canadian Imperial Bank of Commerce upgraded Methanex from a “hold” rating to a “strong-buy” rating in a report on Monday, July 20th. National Bank Financial raised Methanex to a “strong-buy” rating in a research report on Monday, July 13th. Two equities research analysts have rated the stock with a Strong Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of C$60.00.

Methanex Company Profile

Methanex is a Vancouver-based, publicly traded company and is the world’s largest supplier of methanol globally. Methanex shares are listed for trading on the Toronto Stock Exchange in Canada under the trading symbol ‘MX’ and on the Nasdaq Global Select Market in the United States under the trading symbol ‘MEOH’. Methanex can be visited online at www.methanex.com.