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 business’s stock in a transaction that occurred on Wednesday, September 16th. The shares were sold at an average price of C$88.03, for a total transaction of C$176,060.00. Following the transaction, the director owned 8,009 shares of the company’s stock, valued at approximately C$705,032.27. This represents a 19.98% decrease in their position.

Alejandro Larrive also recently made the following trade(s):

• On Thursday, August 20th, Alejandro Larrive sold 2,000 shares of Methanex stock. The stock was sold at an average price of C$83.92, for a total transaction of C$167,840.00.

Methanex Trading Down 1.7%

Shares of MX traded down C$1.51 during trading hours on Wednesday, reaching C$88.12. The stock had a trading volume of 205,250 shares, compared to its average volume of 298,479. The company has a market cap of C$6.82 billion, a P/E ratio of 100.14, a P/E/G ratio of 0.44 and a beta of 0.57. Methanex Co. has a 52 week low of C$45.01 and a 52 week high of C$92.97. The company has a quick ratio of 1.59, a current ratio of 2.07 and a debt-to-equity ratio of 122.11. The firm has a 50-day moving average of C$78.66 and a 200 day moving average of C$78.72.

Methanex (TSE:MX) (NASDAQ:MEOH) last posted its earnings results on Tuesday, July 28th. The company reported C$5.50 earnings per share 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, sell-side analysts expect that Methanex Co. will post 5.9482927 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Canadian Imperial Bank of Commerce upgraded shares of Methanex from a “hold” rating to a “strong-buy” rating in a report on Monday, July 20th. National Bank Financial upgraded shares of Methanex to a “strong-buy” rating in a report on Monday, July 13th. Two analysts have rated the stock with a Strong Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of C$60.00.

About Methanex

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.