Methanex (TSE:MX) Insider Sunil Jagwani Purchases 43,000 Shares of Stock

Methanex Co. (TSE:MX) (NASDAQ:MEOH) insider Sunil Jagwani purchased 43,000 shares of Methanex stock in a transaction on Friday, May 22nd. The stock was bought at an average price of C$82.62 per share, with a total value of C$3,552,660.00. Following the completion of the acquisition, the insider directly owned 2,571,000 shares of the company’s stock, valued at approximately C$212,416,020. This trade represents a 1.70% increase in their position.

Sunil Jagwani also recently made the following trade(s):

• On Friday, May 15th, Sunil Jagwani purchased 40,000 shares of Methanex stock. The stock was bought at an average price of C$87.11 per share, with a total value of C$3,484,400.00.
• On Thursday, May 7th, Sunil Jagwani purchased 40,100 shares of Methanex stock. The stock was bought at an average price of C$84.56 per share, with a total value of C$3,390,856.00.
• On Thursday, May 7th, Sunil Jagwani purchased 41,000 shares of Methanex stock. The stock was bought at an average price of C$84.00 per share, with a total value of C$3,444,000.00.
• On Monday, May 4th, Sunil Jagwani acquired 31,900 shares of Methanex stock. The stock was purchased at an average cost of C$88.94 per share, with a total value of C$2,837,186.00.
• On Monday, May 4th, Sunil Jagwani acquired 32,000 shares of Methanex stock. The stock was purchased at an average cost of C$88.15 per share, with a total value of C$2,820,800.00.

Methanex Trading Up 1.1%

Shares of Methanex stock opened at C$83.12 on Wednesday. The company has a debt-to-equity ratio of 143.44, a quick ratio of 1.59 and a current ratio of 1.96. Methanex Co. has a 52 week low of C$43.27 and a 52 week high of C$92.97. The stock has a 50 day moving average price of C$82.27 and a two-hundred day moving average price of C$68.02. The stock has a market capitalization of C$6.43 billion, a PE ratio of -113.86, a price-to-earnings-growth ratio of 0.44 and a beta of 0.65.

Methanex (TSE:MX) (NASDAQ:MEOH) last announced its quarterly earnings data on Thursday, March 5th. The company reported C($0.19) EPS for the quarter. Methanex had a negative net margin of 1.26% and a negative return on equity of 1.84%. The firm had revenue of C$1.28 billion during the quarter. As a group, equities analysts anticipate that Methanex Co. will post 5.9482927 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently issued reports on MX. Royal Bank Of Canada cut Methanex from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, April 1st. Canadian Imperial Bank of Commerce cut shares of Methanex from a “strong-buy” rating to a “hold” rating in a report on Friday, February 6th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Methanex presently has an average rating of “Moderate Buy” and an average 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.