Methanex (TSE:MX - Get Free Report) NASDAQ: MEOH was upgraded by equities research analysts at Scotiabank from a "hold" rating to a "strong-buy" rating in a research report issued to clients and investors on Monday,Zacks.com reports.
Methanex Price Performance
Shares of Methanex stock traded up C$0.17 during trading on Monday, hitting C$45.21. 103,964 shares of the company were exchanged, compared to its average volume of 198,046. Methanex has a fifty-two week low of C$36.10 and a fifty-two week high of C$78.18. The company has a quick ratio of 1.59, a current ratio of 1.34 and a debt-to-equity ratio of 148.53. The firm has a 50 day moving average price of C$46.39 and a 200 day moving average price of C$59.16. The stock has a market capitalization of C$2.15 billion, a price-to-earnings ratio of 14.21, a P/E/G ratio of 0.44 and a beta of 1.79.
Insider Transactions at Methanex
In other news, Senior Officer Kevin Maloney bought 1,400 shares of Methanex stock in a transaction on Tuesday, March 11th. The shares were bought at an average price of C$53.55 per share, with a total value of C$74,969.02. Also, Director Karine Delbarre bought 1,081 shares of the firm's stock in a transaction on Tuesday, March 11th. The stock was purchased at an average price of C$53.07 per share, with a total value of C$57,368.72. Company insiders own 0.35% of the company's stock.
Methanex Company Profile
(
Get Free Report)
Methanex Corporation produces and supplies methanol in China, Europe, the United States, South America, South Korea, Canada, and Asia. 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.
See Also
Before you consider Methanex, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Methanex wasn't on the list.
While Methanex currently has a Strong Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Spring 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
