Key Points
- Methanex director Alejandro Larrive sold 2,000 shares at an average price of C$88.03, generating proceeds of C$176,060 and reducing his ownership by 19.98% to 8,009 shares.
- Larrive also sold 2,000 shares in August for C$167,840, indicating two insider sales in recent weeks.
- Methanex reported C$1.98 billion in quarterly revenue and C$5.50 in earnings per share; analysts maintain an average “Buy” rating, although their consensus target price is C$60.00.
Methanex Co. (TSE:MX - Get Free Report) (NASDAQ:MEOH) Director Alejandro Larrive sold 2,000 shares of Methanex stock in a transaction that occurred on Wednesday, September 16th. The shares were sold at an average price of C$88.03, for a total transaction of C$176,060.00. Following the completion of the transaction, the director owned 8,009 shares of the company's stock, valued at C$705,032.27. This represents a 19.98% decrease in their ownership of the stock.
Alejandro Larrive also recently made the following trade(s):
- On Thursday, August 20th, Alejandro Larrive sold 2,000 shares of Methanex stock. The stock was sold at an average price of C$83.92, for a total value of C$167,840.00.
Methanex Price Performance
Methanex stock opened at C$86.08 on Thursday. Methanex Co. has a one year low of C$45.01 and a one year high of C$92.97. The business has a fifty day moving average price of C$79.00 and a 200-day moving average price of C$78.86. The company has a debt-to-equity ratio of 122.11, a current ratio of 2.07 and a quick ratio of 1.59. The firm has a market capitalization of C$6.66 billion, a P/E ratio of 97.82, a PEG ratio of 0.44 and a beta of 0.57.
Methanex (TSE:MX - Get Free Report) (NASDAQ:MEOH) last announced its quarterly earnings results on Tuesday, July 28th. The company reported C$5.50 earnings per share for the quarter. Methanex had a return on equity of 3.50% and a net margin of 2.05%.The company had revenue of C$1.98 billion during the quarter. As a group, equities research analysts forecast that Methanex Co. will post 5.9482927 EPS for the current year.
Wall Street Analysts Forecast Growth
A number of research analysts have weighed in on the company. National Bank Financial raised Methanex to a "strong-buy" rating in a 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 research analysts have rated the stock with a Strong Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Methanex presently has an average rating of "Buy" and a consensus target price of C$60.00.
View Our Latest Report on MX
Methanex Company Profile
(
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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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