Methanex (TSE:MX) Insider Sunil Jagwani Purchases 40,000 Shares

Methanex Co. (TSE:MX) (NASDAQ:MEOH) insider Sunil Jagwani bought 40,000 shares of Methanex stock in a transaction on Friday, May 15th. The stock was acquired at an average cost of C$87.11 per share, for a total transaction of C$3,484,400.00. Following the acquisition, the insider owned 2,485,000 shares in the company, valued at approximately C$216,468,350. This represents a 1.64% increase in their position.

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

• On Thursday, May 7th, Sunil Jagwani bought 40,100 shares of Methanex stock. The stock was acquired at an average cost of C$84.56 per share, for a total transaction of C$3,390,856.00.
• On Thursday, May 7th, Sunil Jagwani bought 41,000 shares of Methanex stock. The stock was acquired at an average cost of C$84.00 per share, for a total transaction of C$3,444,000.00.
• On Monday, May 4th, Sunil Jagwani bought 31,900 shares of Methanex stock. The stock was acquired at an average cost of C$88.94 per share, for a total transaction of C$2,837,186.00.
• On Monday, May 4th, Sunil Jagwani bought 32,000 shares of Methanex stock. The stock was acquired at an average cost of C$88.15 per share, for a total transaction of C$2,820,800.00.

Methanex Trading Down 2.2%

Shares of MX stock opened at C$85.37 on Wednesday. The stock’s fifty day moving average price is C$81.26 and its two-hundred day moving average price is C$66.92. Methanex Co. has a fifty-two week low of C$43.27 and a fifty-two week high of C$92.97. The company has a debt-to-equity ratio of 143.44, a quick ratio of 1.59 and a current ratio of 1.96. The company has a market cap of C$6.60 billion, a PE ratio of -116.95, a P/E/G ratio of 0.44 and a beta of 0.65.

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

Analyst Ratings Changes

A number of research firms have recently weighed in on MX. Royal Bank Of Canada downgraded shares of Methanex from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, April 1st. Scotiabank raised their price objective on Methanex from C$48.00 to C$60.00 in a report on Wednesday, January 21st. Finally, Canadian Imperial Bank of Commerce downgraded Methanex from a “strong-buy” rating to a “hold” rating in a report on Friday, February 6th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Methanex presently has a consensus rating of “Moderate Buy” and an average 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.