Methanex (TSE:MX) Insider Mark Allard Sells 2,000 Shares

Methanex Co. (TSE:MX) (NASDAQ:MEOH) insider Mark Allard sold 2,000 shares of the company’s stock in a transaction dated Friday, March 27th. The shares were sold at an average price of C$86.00, for a total transaction of C$172,000.00. Following the sale, the insider directly owned 16,604 shares of the company’s stock, valued at C$1,427,944. The trade was a 10.75% decrease in their position.

Methanex Price Performance

Shares of TSE:MX opened at C$90.57 on Friday. The company has a quick ratio of 1.59, a current ratio of 2.06 and a debt-to-equity ratio of 143.59. The stock has a market capitalization of C$7.00 billion, a PE ratio of 30.39, a price-to-earnings-growth ratio of 0.44 and a beta of 1.06. The firm’s 50 day moving average price is C$69.59 and its 200-day moving average price is C$59.14. Methanex Co. has a twelve month low of C$36.10 and a twelve month high of C$90.91.

Methanex (TSE:MX) (NASDAQ:MEOH) last announced its earnings results on Thursday, March 5th. The company reported C($0.19) earnings per share (EPS) for the quarter. Methanex had a net margin of 2.19% and a return on equity of 3.18%. The business had revenue of C$1.28 billion for the quarter. Equities research analysts expect that Methanex Co. will post 5.9482927 EPS for the current year.

Wall Street Analyst Weigh In

MX has been the subject of several analyst reports. Raymond James Financial lowered Methanex from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, January 14th. Scotiabank lifted their target price on Methanex from C$48.00 to C$60.00 in a research report on Wednesday, January 21st. Finally, Canadian Imperial Bank of Commerce lowered Methanex from a “strong-buy” rating to a “hold” rating in a report on Friday, February 6th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$50.00.

Methanex Company Profile

Methanex Corp manufactures and sells methanol. Methanex’s customers use methanol as a feedstock to produce end-products including adhesives, foams, solvents, and windshield washer fluids. The firm also sells its products to the oil refining industry, where the methanol is blended with gasoline to produce a high-octane fuel or blended as a component of biodiesel. Methanex distributes its products through a global supply chain that includes the operation of port terminals, tankers, barges, rail cars, trucks, and pipelines.