Key Points
- Insider sale: Methanex director Mark Allard sold 2,000 shares on March 27 at C$86.00, trimming his holding by 10.75% to 16,604 shares valued at about C$1.428 million.
- Company outlook and valuation: Shares trade near their 52‑week high (opened C$90.57; range C$36.10–C$90.91) with a market cap ~C$7B and P/E ~30.4, but the company reported a Q that produced C($0.19) EPS on C$1.28B revenue; analysts are mixed with a consensus "Moderate Buy" and a C$50 target.
Methanex Co. (TSE:MX - Get Free Report) (NASDAQ:MEOH) insider Mark Allard sold 2,000 shares of the stock in a transaction on Friday, March 27th. The stock was sold at an average price of C$86.00, for a total value of C$172,000.00. Following the completion of the sale, the insider owned 16,604 shares of the company's stock, valued at C$1,427,944. The trade was a 10.75% decrease in their position.
Methanex Price Performance
Shares of Methanex stock opened at C$90.57 on Friday. The stock's 50-day simple moving average is C$69.59 and its 200-day simple moving average is C$59.14. Methanex Co. has a 52 week low of C$36.10 and a 52 week high of C$90.91. The company has a market capitalization of C$7.00 billion, a price-to-earnings ratio of 30.39, a PEG ratio of 0.44 and a beta of 1.06. The company has a quick ratio of 1.59, a current ratio of 2.06 and a debt-to-equity ratio of 143.59.
Methanex (TSE:MX - Get Free Report) (NASDAQ:MEOH) last released its earnings results on Thursday, March 5th. The company reported C($0.19) earnings per share (EPS) for the quarter. The business had revenue of C$1.28 billion for the quarter. Methanex had a return on equity of 3.18% and a net margin of 2.19%. As a group, analysts expect that Methanex Co. will post 5.9482927 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
A number of brokerages have issued reports on MX. Raymond James Financial lowered shares of Methanex from a "moderate buy" rating to a "hold" rating in a report on Wednesday, January 14th. Canadian Imperial Bank of Commerce downgraded shares of Methanex from a "strong-buy" rating to a "hold" rating in a report on Friday, February 6th. Finally, Scotiabank upped their target price on shares of Methanex from C$48.00 to C$60.00 in a research report on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of C$50.00.
View Our Latest Analysis on MX
Methanex Company Profile
(
Get Free Report)
Methanex Corp manufactures and sells methanol. Methanex's customers use methanol as a feedstock to produce end-products including adhesives, foams, solvents, and windshield washer fluids. The firm also sells its products to the oil refining industry, where the methanol is blended with gasoline to produce a high-octane fuel or blended as a component of biodiesel. Methanex distributes its products through a global supply chain that includes the operation of port terminals, tankers, barges, rail cars, trucks, and pipelines.
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