Cemex S.A.B. de C.V. (CX) Receives $10.78 Consensus PT from Analysts

Cemex S.A.B. de C.V. (NYSE:CX) has been assigned a consensus recommendation of “Buy” from the thirteen analysts that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, five have issued a buy rating and two have issued a strong buy rating on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $10.78.

A number of research analysts have issued reports on the stock. BidaskClub cut shares of Cemex S.A.B. de C.V. from a “buy” rating to a “hold” rating in a report on Thursday, August 10th. Bank of America Corporation cut shares of Cemex S.A.B. de C.V. from a “buy” rating to a “neutral” rating and increased their target price for the company from $10.60 to $10.70 in a report on Tuesday, August 29th. Zacks Investment Research cut shares of Cemex S.A.B. de C.V. from a “hold” rating to a “sell” rating in a report on Wednesday, October 4th. Citigroup Inc. raised shares of Cemex S.A.B. de C.V. from a “sell” rating to a “neutral” rating and set a $9.00 target price for the company in a report on Monday, October 23rd. Finally, ValuEngine cut shares of Cemex S.A.B. de C.V. from a “buy” rating to a “hold” rating in a report on Saturday, September 30th.

Shares of Cemex S.A.B. de C.V. (NYSE CX) traded up 0.61% during trading on Wednesday, reaching $8.21. The company had a trading volume of 7,240,516 shares. Cemex S.A.B. de C.V. has a 1-year low of $6.91 and a 1-year high of $10.37. The firm has a market capitalization of $12.31 billion, a PE ratio of 10.66 and a beta of 1.31. The firm has a 50-day moving average of $8.76 and a 200 day moving average of $9.06.

Cemex S.A.B. de C.V. (NYSE:CX) last issued its earnings results on Thursday, October 26th. The construction company reported $0.14 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.15 by ($0.01). Cemex S.A.B. de C.V. had a net margin of 8.34% and a return on equity of 8.94%. Analysts expect that Cemex S.A.B. de C.V. will post $0.52 earnings per share for the current year.

Large investors have recently bought and sold shares of the business. Hosking Partners LLP raised its stake in shares of Cemex S.A.B. de C.V. by 1.1% in the 2nd quarter. Hosking Partners LLP now owns 7,115,112 shares of the construction company’s stock valued at $67,024,000 after acquiring an additional 78,818 shares during the period. Maverick Capital Ltd. purchased a new position in shares of Cemex S.A.B. de C.V. in the 2nd quarter valued at $835,000. First National Bank of Omaha raised its stake in shares of Cemex S.A.B. de C.V. by 4.0% in the 2nd quarter. First National Bank of Omaha now owns 80,421 shares of the construction company’s stock valued at $758,000 after acquiring an additional 3,092 shares during the period. Legal & General Group Plc raised its stake in shares of Cemex S.A.B. de C.V. by 5.6% in the 2nd quarter. Legal & General Group Plc now owns 767,845 shares of the construction company’s stock valued at $7,236,000 after acquiring an additional 40,443 shares during the period. Finally, Vanguard Group Inc. raised its stake in shares of Cemex S.A.B. de C.V. by 5.3% in the 1st quarter. Vanguard Group Inc. now owns 1,553,703 shares of the construction company’s stock valued at $14,092,000 after acquiring an additional 77,948 shares during the period. 39.60% of the stock is currently owned by institutional investors.

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Cemex S.A.B. de C.V. Company Profile

CEMEX, SAB. de C.V. (CEMEX) is an operating and holding company engaged, directly or indirectly, through its operating subsidiaries, primarily in the production, distribution, marketing and sale of cement, ready-mix concrete, aggregates, clinker and other construction materials throughout the world, and that provides construction-related services to customers and communities in over 50 countries throughout the world.

Analyst Recommendations for Cemex S.A.B. de C.V. (NYSE:CX)

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