Methanex (TSE:MX) Director Alejandro Larrive Sells 2,000 Shares

Methanex Co. (TSE:MX) (NASDAQ:MEOH) Director Alejandro Larrive sold 2,000 shares of the firm’s stock in a transaction dated 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 sale, the director owned 10,009 shares of the company’s stock, valued at approximately C$839,955.28. This represents a 16.65% decrease in their ownership of the stock.

Methanex Stock Up 3.9%

Shares of Methanex stock opened at C$81.10 on Friday. 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 has a market capitalization of C$6.27 billion, a PE ratio of 92.16, a price-to-earnings-growth ratio of 0.44 and a beta of 0.62. Methanex Co. has a 52-week low of C$45.01 and a 52-week high of C$92.97. The company has a 50-day simple moving average of C$74.30 and a two-hundred day simple moving average of C$76.59.

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

Wall Street Analyst Weigh In

Several brokerages have commented on MX. National Bank Financial upgraded Methanex to a “strong-buy” rating in a research note on Monday, July 13th. Canadian Imperial Bank of Commerce raised Methanex from a “hold” rating to a “strong-buy” rating in a report on Monday, July 20th. Two analysts have rated the stock with a Strong Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Methanex has an average 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.