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

Methanex Co. (TSE:MX) (NASDAQ:MEOH) Director Alejandro Larrive sold 2,000 shares of the stock in a transaction on Thursday, August 20th. The shares were sold at an average price of C$83.92, for a total transaction of C$167,840.00. Following the transaction, the director directly owned 10,009 shares in the company, valued at approximately C$839,955.28. The trade was a 16.65% decrease in their ownership of the stock.

Methanex Price Performance

Shares of TSE MX traded up C$3.47 during 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 firm has a market capitalization of C$6.31 billion, a price-to-earnings ratio of 92.67, a price-to-earnings-growth ratio of 0.44 and a beta of 0.62. The stock has a fifty day simple moving average of C$74.33 and a two-hundred day simple moving average of C$76.48. The company has a quick ratio of 1.59, a current ratio of 2.07 and a debt-to-equity ratio of 122.11. Methanex Co. has a fifty-two week low of C$45.01 and a fifty-two week high of C$92.97.

Methanex (TSE:MX) (NASDAQ:MEOH) last released its quarterly earnings results on Wednesday, April 29th. The company reported C$0.42 earnings per share for the quarter. The firm had revenue of C$1.35 billion during the quarter. Methanex had a net margin of 2.05% and a return on equity of 3.50%. On average, research analysts expect that Methanex Co. will post 5.9482927 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have commented on MX shares. Canadian Imperial Bank of Commerce raised Methanex from a “hold” rating to a “strong-buy” rating in a report on Monday, July 20th. National Bank Financial raised 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 assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of C$60.00.

Methanex Company Profile

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.