Methanex Co. (TSE:MX - Get Free Report) (NASDAQ:MEOH) Director Alejandro Larrive sold 2,000 shares of the stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of C$83.92, for a total value of C$167,840.00. Following the completion of the transaction, the director directly owned 10,009 shares in the company, valued at approximately C$839,955.28. This represents a 16.65% decrease in their position.
Methanex Trading Up 3.9%
Shares of TSE:MX opened at C$81.10 on Friday. The stock has a market capitalization of C$6.27 billion, a price-to-earnings ratio of 92.16, a PEG ratio of 0.44 and a beta of 0.62. The company has a debt-to-equity ratio of 122.11, a quick ratio of 1.59 and a current ratio of 2.07. The stock's 50-day simple moving average is C$74.30 and its two-hundred day simple moving average is C$76.59. Methanex Co. has a 52-week low of C$45.01 and a 52-week high of C$92.97.
Methanex (TSE:MX - Get Free Report) (NASDAQ:MEOH) last released its quarterly earnings results on Wednesday, April 29th. The company reported C$0.42 earnings per share (EPS) for the quarter. Methanex had a return on equity of 3.50% and a net margin of 2.05%.The business had revenue of C$1.35 billion during the quarter. Analysts expect that Methanex Co. will post 5.9482927 EPS for the current year.
Analysts Set New Price Targets
MX has been the subject of several recent research reports. National Bank Financial upgraded shares of Methanex to a "strong-buy" rating in a research report on Monday, July 13th. Canadian Imperial Bank of Commerce upgraded shares of Methanex from a "hold" rating to a "strong-buy" rating in a research report on Monday, July 20th. Two equities research analysts have rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of C$60.00.
Check Out Our Latest Analysis on Methanex
Methanex Company Profile
(
Get Free Report)
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.
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