Methanex Co. (TSE:MX – Get Free Report) (NASDAQ:MEOH)’s share price hit a new 52-week high during mid-day trading on Thursday. The company traded as high as C$101.06 and last traded at C$100.55, with a volume of 74,361 shares traded. The stock had previously closed at C$98.50.
Analysts Set New Price Targets
Separately, Canadian Imperial Bank of Commerce upgraded shares of Methanex from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 20th. Two investment analysts have rated the stock with a Strong Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of C$60.00.
Check Out Our Latest Research Report on MX
Methanex Price Performance
The company has a market cap of C$7.76 billion, a PE ratio of 22.15, a PEG ratio of 0.44 and a beta of 0.63. The firm’s 50-day moving average is C$88.09 and its 200-day moving average is C$79.41. The company has a quick ratio of 1.59, a current ratio of 1.69 and a debt-to-equity ratio of 110.67.
Methanex (TSE:MX – Get Free Report) (NASDAQ:MEOH) last issued its quarterly earnings data on Thursday, October 29th. The company reported C$5.25 EPS for the quarter. The business had revenue of C$1.98 billion during the quarter. Methanex had a net margin of 7.58% and a return on equity of 14.07%. On average, equities analysts anticipate that Methanex Co. will post 5.95 EPS for the current year.
Insider Activity
In other news, Director Alejandro Larrive sold 2,000 shares of the firm’s 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 value of C$176,060.00. Following the completion of the transaction, the director owned 8,009 shares in the company, valued at C$705,032.27. This trade represents a 19.98% decrease in their position. Corporate insiders own 0.35% of the company’s stock.
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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