Key Points
- Insider sale: Methanex insider Kyung Wan (Fred) Lee sold 7,975 shares on June 3 at an average price of C$88.02, totaling about C$701,960. After the sale, he still held 5,025 shares.
- Stock movement and valuation: Methanex shares were down 2.9% and opened at C$84.41, near the top of their 52-week range of C$44.57 to C$92.97. The company’s market cap is about C$6.53 billion.
- Analyst sentiment: Analysts currently have a Moderate Buy average rating on Methanex, though recent downgrades from CIBC and RBC have led to a mixed outlook. The consensus target price is C$50.00.
Methanex Co. (TSE:MX - Get Free Report) (NASDAQ:MEOH) insider Kyung Wan (Fred) Lee sold 7,975 shares of Methanex stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of C$88.02, for a total transaction of C$701,959.50. Following the completion of the transaction, the insider directly owned 5,025 shares in the company, valued at approximately C$442,300.50. The trade was a 61.35% decrease in their position.
Methanex Stock Down 2.9%
Shares of Methanex stock opened at C$84.41 on Friday. The firm's 50 day moving average price is C$83.62 and its 200-day moving average price is C$69.58. The company has a quick ratio of 1.59, a current ratio of 1.96 and a debt-to-equity ratio of 143.44. Methanex Co. has a 52-week low of C$44.57 and a 52-week high of C$92.97. The company has a market cap of C$6.53 billion, a P/E ratio of -115.63, a PEG ratio of 0.44 and a beta of 0.65.
Methanex (TSE:MX - Get Free Report) (NASDAQ:MEOH) last issued its quarterly earnings data on Thursday, March 5th. The company reported C($0.19) earnings per share (EPS) for the quarter. Methanex had a negative return on equity of 1.84% and a negative net margin of 1.26%.The firm had revenue of C$1.28 billion during the quarter. On average, sell-side analysts predict that Methanex Co. will post 5.9482927 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
MX has been the topic of a number of analyst reports. Canadian Imperial Bank of Commerce downgraded shares of Methanex from a "strong-buy" rating to a "hold" rating in a research report on Friday, February 6th. Royal Bank Of Canada downgraded shares of Methanex from a "moderate buy" rating to a "hold" rating in a research report on Wednesday, April 1st. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of C$50.00.
Read Our Latest Analysis on Methanex
About Methanex
(
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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
