Alejandro Larrive Sells 2,000 Shares of Methanex (TSE:MX) 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 value of C$167,840.00. Following the transaction, the director directly owned 10,009 shares of the company’s stock, valued at approximately C$839,955.28. This trade represents a 16.65% decrease in their ownership of the stock.

Methanex Stock Performance

Shares of MX opened at C$82.86 on Friday. The firm has a market cap of C$6.41 billion, a PE ratio of 94.16, a PEG ratio of 0.44 and a beta of 0.62. The stock’s fifty day moving average price is C$74.30 and its two-hundred day moving average price is C$76.64. The company has a debt-to-equity ratio of 122.11, a current ratio of 2.07 and a quick ratio of 1.59. Methanex Co. has a 1 year low of C$45.01 and a 1 year high of C$92.97.

Methanex (TSE:MX) (NASDAQ:MEOH) last issued its quarterly earnings results on Tuesday, July 28th. The company reported C$5.50 EPS for the quarter. Methanex had a return on equity of 3.50% and a net margin of 2.05%.The firm had revenue of C$1.98 billion for the quarter. On average, equities research analysts forecast that Methanex Co. will post 5.9482927 EPS for the current year.

Analyst Upgrades and Downgrades

MX has been the topic of several research reports. National Bank Financial raised shares of Methanex to a “strong-buy” rating in a research report on Monday, July 13th. Canadian Imperial Bank of Commerce upgraded Methanex from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 20th. Two equities research analysts have rated the stock with a Strong Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Methanex currently has an average rating of “Buy” and an average target price 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.