Nojan Abrary Sells 11,000 Shares of Methanex Co. (MX) Stock
Methanex Co. (TSE:MX) (NASDAQ:MEOH) Director Nojan Abrary sold 11,000 shares of Methanex stock in a transaction that occurred on Wednesday, August 22nd. The shares were sold at an average price of C$97.13, for a total transaction of C$1,068,430.00.
Shares of MX opened at C$96.60 on Friday. Methanex Co. has a one year low of C$56.93 and a one year high of C$97.85.
Methanex (TSE:MX) (NASDAQ:MEOH) last announced its quarterly earnings data on Wednesday, July 25th. The company reported C$2.26 EPS for the quarter, beating the consensus estimate of C$2.19 by C$0.07. Methanex had a net margin of 9.86% and a return on equity of 18.05%. The business had revenue of C$1.23 billion during the quarter.
MX has been the subject of a number of analyst reports. BMO Capital Markets reiterated an “outperform” rating and issued a C$80.00 price target on shares of Methanex in a research report on Wednesday, May 23rd. Sanford C. Bernstein lifted their price target on shares of Methanex from C$43.68 to C$44.64 and gave the company a “c$91.36” rating in a research report on Monday, July 23rd. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. Methanex has a consensus rating of “Hold” and an average target price of C$71.24.
Methanex Corporation produces and sells methanol in North America, the Asia Pacific, Europe, and South America. It also purchases and sells methanol produced by others under methanol offtake contracts and on the spot market. The company was founded in 1968 and is headquartered in Vancouver, Canada.
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