Methanex (TSE:MX – Get Free Report) (NASDAQ:MEOH) issued its quarterly earnings data on Thursday. The company reported C$5.25 earnings per share (EPS) for the quarter, FiscalAI reports. 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.
Methanex Stock Performance
Shares of TSE MX opened at C$99.85 on Friday. The company has a market capitalization of C$7.72 billion, a P/E ratio of 113.47, a P/E/G ratio of 0.44 and a beta of 0.66. The stock has a 50 day moving average of C$85.86 and a 200-day moving average of C$78.22. Methanex has a 12 month low of C$48.00 and a 12 month high of C$100.83. The company has a current ratio of 2.07, a quick ratio of 1.59 and a debt-to-equity ratio of 122.11.
Wall Street Analyst Weigh In
Several equities analysts have recently issued reports on the stock. 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. National Bank Financial upgraded Methanex to a “strong-buy” rating in a report on Monday, July 13th. Two analysts have rated the stock with a Strong Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of C$60.00.
Check Out Our Latest Research Report on MX
Insider Transactions at Methanex
In other news, Director Alejandro Larrive sold 2,000 shares of the stock in a transaction that occurred on Wednesday, September 16th. The stock was sold at an average price of C$88.03, for a total transaction of C$176,060.00. Following the transaction, the director owned 8,009 shares in the company, valued at approximately C$705,032.27. This trade represents a 19.98% decrease in their ownership of the stock. 0.35% of the stock is owned by company insiders.
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.
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