Methanex (TSE:MX) Insider Sunil Jagwani Purchases 43,000 Shares

Methanex Co. (TSE:MX) (NASDAQ:MEOH) insider Sunil Jagwani purchased 43,000 shares of the stock in a transaction on Friday, May 22nd. The shares were purchased at an average price of C$82.62 per share, with a total value of C$3,552,660.00. Following the acquisition, the insider directly owned 2,571,000 shares in the company, valued at C$212,416,020. This represents a 1.70% increase in their ownership of the stock.

Sunil Jagwani also recently made the following trade(s):

• On Friday, May 15th, Sunil Jagwani acquired 40,000 shares of Methanex stock. The shares were bought at an average price of C$87.11 per share, with a total value of C$3,484,400.00.
• On Thursday, May 7th, Sunil Jagwani acquired 40,100 shares of Methanex stock. The shares were bought at an average price of C$84.56 per share, with a total value of C$3,390,856.00.
• On Thursday, May 7th, Sunil Jagwani acquired 41,000 shares of Methanex stock. The shares were bought at an average price of C$84.00 per share, with a total value of C$3,444,000.00.
• On Monday, May 4th, Sunil Jagwani acquired 31,900 shares of Methanex stock. The shares were bought at an average price of C$88.94 per share, with a total value of C$2,837,186.00.
• On Monday, May 4th, Sunil Jagwani acquired 32,000 shares of Methanex stock. The shares were bought at an average price of C$88.15 per share, with a total value of C$2,820,800.00.

Methanex Stock Up 0.8%

Shares of TSE:MX traded up C$0.69 during trading on Tuesday, hitting C$82.92. 150,176 shares of the company were exchanged, compared to its average volume of 327,082. The stock has a market capitalization of C$6.42 billion, a P/E ratio of -113.59, a PEG ratio of 0.44 and a beta of 0.65. The company has a debt-to-equity ratio of 143.44, a current ratio of 1.96 and a quick ratio of 1.59. Methanex Co. has a 12-month low of C$43.27 and a 12-month high of C$92.97. The firm’s 50 day moving average price is C$82.03 and its 200-day moving average price is C$67.80.

Methanex (TSE:MX) (NASDAQ:MEOH) last issued its quarterly earnings data on Thursday, March 5th. The company reported C($0.19) earnings per share for the quarter. The company had revenue of C$1.28 billion for the quarter. Methanex had a negative return on equity of 1.84% and a negative net margin of 1.26%. On average, research analysts predict that Methanex Co. will post 5.9482927 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

MX has been the subject of several recent analyst reports. Canadian Imperial Bank of Commerce downgraded shares of Methanex from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 6th. Royal Bank Of Canada downgraded shares of Methanex from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, April 1st. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price 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.