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 firm’s stock in a transaction on Wednesday, September 16th. The stock was sold at an average price of C$88.03, for a total value of C$176,060.00. Following the sale, the director owned 8,009 shares in the company, valued at C$705,032.27. This trade 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 shares were sold at an average price of C$83.92, for a total value of C$167,840.00.

Methanex Stock Performance

Methanex stock opened at C$85.37 on Friday. The stock has a fifty day moving average price of C$79.34 and a 200 day moving average price of C$78.98. Methanex Co. has a 52 week low of C$45.01 and a 52 week high of C$92.97. The firm has a market capitalization of C$6.60 billion, a P/E ratio of 97.01, a PEG ratio of 0.44 and a beta of 0.57. The company has a current ratio of 2.07, a quick ratio of 1.59 and a debt-to-equity ratio of 122.11.

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

Analyst Upgrades and Downgrades

Several research firms recently issued reports on MX. Canadian Imperial Bank of Commerce raised shares of Methanex from a “hold” rating to a “strong-buy” rating in a research 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 research analysts have rated the stock with a Strong Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock 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.