Insider Selling: Methanex (TSE:MX) Director Sells C$167,840.00 in Stock

by · The Cerbat Gem

Methanex Co. (TSE:MX – Get Free Report) (NASDAQ:MEOH) Director Alejandro Larrive sold 2,000 shares of the business’s stock in a transaction that occurred on 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 of the company’s stock, valued at C$839,955.28. The trade was a 16.65% decrease in their ownership of the stock.

Methanex Stock Performance

Methanex stock traded up C$3.47 during mid-day trading on Thursday, hitting C$81.55. The company had a trading volume of 165,890 shares, compared to its average volume of 303,273. The company has a current ratio of 2.07, a quick ratio of 1.59 and a debt-to-equity ratio of 122.11. Methanex Co. has a 12-month low of C$45.01 and a 12-month high of C$92.97. The company’s fifty day moving average is C$74.33 and its 200-day moving average is C$76.48. The company has a market capitalization of C$6.31 billion, a price-to-earnings ratio of 92.67, a P/E/G ratio of 0.44 and a beta of 0.62.

Methanex (TSE:MX – Get Free Report) (NASDAQ:MEOH) last issued its quarterly earnings data on Wednesday, April 29th. The company reported C$0.42 EPS for the quarter. The business had revenue of C$1.35 billion for the quarter. Methanex had a net margin of 2.05% and a return on equity of 3.50%. Equities research analysts predict that Methanex Co. will post 5.9482927 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have weighed in on MX shares. Canadian Imperial Bank of Commerce raised shares of Methanex from a “hold” rating to a “strong-buy” rating in a report on Monday, July 20th. National Bank Financial raised shares of Methanex to a “strong-buy” rating in a research note on Monday, July 13th. Two analysts have rated the stock with a Strong Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of C$60.00.

Read Our Latest Stock Report on Methanex

About Methanex

(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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