Methanex (TSE:MX) Director Alejandro Larrive Sells 2,000 Shares of 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 shares were sold at an average price of C$88.03, for a total transaction of C$176,060.00. Following the completion of the transaction, the director directly owned 8,009 shares in the company, valued at C$705,032.27. This trade represents a 19.98% decrease in their ownership of the stock.

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 4.0%

MX opened at C$86.08 on Thursday. Methanex Co. has a fifty-two week low of C$45.01 and a fifty-two week high of C$92.97. The firm has a market capitalization of C$6.66 billion, a PE ratio of 97.82, a P/E/G ratio of 0.44 and a beta of 0.57. The company has a debt-to-equity ratio of 122.11, a current ratio of 2.07 and a quick ratio of 1.59. The company’s 50-day moving average is C$79.00 and its 200 day moving average is C$78.86.

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

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on MX. National Bank Financial upgraded Methanex to a “strong-buy” rating in a research note on Monday, July 13th. Canadian Imperial Bank of Commerce raised shares of Methanex from a “hold” rating to a “strong-buy” rating in a report on Monday, July 20th. Two investment analysts have rated the stock with a Strong Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Methanex currently 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.