Methanex (TSE:MX) Given Hold Rating at Alembic Global Advisors

Methanex (TSE:MXGet Rating) (NASDAQ:MEOH)‘s stock had its “hold” rating reissued by investment analysts at Alembic Global Advisors in a report released on Tuesday, Stock Target Advisor reports.

Other equities analysts have also issued research reports about the stock. Tudor Pickering & Holt set a C$44.00 target price on shares of Methanex and gave the stock a “hold” rating in a research report on Wednesday, December 22nd. BMO Capital Markets reaffirmed a “buy” rating and set a C$60.00 price objective on shares of Methanex in a research report on Friday, January 28th. UBS Group lifted their target price on Methanex to C$45.00 and gave the stock a “sell” rating in a research report on Thursday, January 27th. Raymond James reiterated a “hold” rating and issued a C$66.00 price objective on shares of Methanex in a research report on Thursday, January 27th. Finally, Tudor Pickering restated a “hold” rating and set a C$55.00 price objective on shares of Methanex in a research report on Wednesday, January 26th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of C$57.18.

Shares of Methanex stock traded down C$1.18 on Tuesday, reaching C$69.34. The stock had a trading volume of 54,794 shares, compared to its average volume of 168,199. The stock has a market cap of C$5.10 billion and a P/E ratio of 8.99. Methanex has a fifty-two week low of C$37.85 and a fifty-two week high of C$71.63. The company has a debt-to-equity ratio of 147.09, a quick ratio of 1.54 and a current ratio of 2.07. The business’s 50-day moving average price is C$66.31 and its two-hundred day moving average price is C$59.76.

Methanex (TSE:MXGet Rating) (NASDAQ:MEOH) last posted its quarterly earnings data on Wednesday, January 26th. The company reported C$3.06 earnings per share for the quarter, missing the consensus estimate of C$3.20 by C($0.14). The company had revenue of C$1.58 billion during the quarter, compared to analyst estimates of C$1.66 billion. As a group, equities analysts forecast that Methanex will post 5.0092703 earnings per share for the current fiscal year.

In related news, Director Vanessa James sold 7,500 shares of the business’s stock in a transaction that occurred on Thursday, March 31st. The shares were sold at an average price of C$68.15, for a total value of C$511,125.00. Following the completion of the transaction, the director now owns 35,444 shares in the company, valued at approximately C$2,415,508.60. Also, Director Nojan Abrary sold 1,100 shares of the company’s stock in a transaction on Monday, March 21st. The stock was sold at an average price of C$69.93, for a total value of C$76,923.00. Following the transaction, the director now directly owns 20,944 shares in the company, valued at approximately C$1,464,613.92. Insiders have sold 11,600 shares of company stock worth $798,048 over the last ninety days.

About Methanex (Get Rating)

Methanex Corporation produces and supplies methanol in North America, the Asia Pacific, Europe, and South America. The company also purchases methanol produced by others under methanol offtake contracts and on the spot market. In addition, it owns and leases storage and terminal facilities. The company owns and manages a fleet of approximately 30 ocean-going vessels.

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