Mark Allard Sells 2,000 Shares of Methanex (TSE:MX) Stock

Methanex Co. (TSE:MX) (NASDAQ:MEOH) insider Mark Allard sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, March 27th. The stock was sold at an average price of C$86.00, for a total transaction of C$172,000.00. Following the sale, the insider owned 16,604 shares in the company, valued at C$1,427,944. This trade represents a 10.75% decrease in their ownership of the stock.

Methanex Stock Up 10.0%

Methanex stock opened at C$90.57 on Friday. Methanex Co. has a twelve month low of C$36.10 and a twelve month high of C$90.91. The company has a quick ratio of 1.59, a current ratio of 2.06 and a debt-to-equity ratio of 143.59. The company has a 50 day moving average of C$69.59 and a 200-day moving average of C$59.17. The stock has a market capitalization of C$7.00 billion, a PE ratio of 30.39, a price-to-earnings-growth ratio of 0.44 and a beta of 1.06.

Methanex (TSE:MX) (NASDAQ:MEOH) last posted its quarterly earnings data on Thursday, March 5th. The company reported C($0.19) EPS for the quarter. The company had revenue of C$1.28 billion during the quarter. Methanex had a net margin of 2.19% and a return on equity of 3.18%. On average, equities research analysts anticipate that Methanex Co. will post 5.9482927 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

MX has been the subject of a number of research reports. Canadian Imperial Bank of Commerce downgraded Methanex from a “strong-buy” rating to a “hold” rating in a report on Friday, February 6th. Raymond James Financial cut Methanex from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, January 14th. Finally, Scotiabank raised their price target on shares of Methanex from C$48.00 to C$60.00 in a research note on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Methanex currently has an average rating of “Moderate Buy” and a consensus target price 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.