CEMEX SAB de CV (NYSE:CX)’s share price traded up 3.1% during trading on Thursday . The company traded as high as $6.10 and last traded at $6.05, with a volume of 10,499,296 shares. The stock had previously closed at $5.87.

A number of equities analysts recently commented on the company. Sterne Agee CRT reaffirmed a “buy” rating on shares of CEMEX SAB de CV in a research note on Monday, May 16th. Jefferies Group reissued a “buy” rating and issued a $8.00 price target on shares of CEMEX SAB de CV in a research note on Sunday, March 20th. Citigroup Inc. lowered CEMEX SAB de CV from a “buy” rating to a “neutral” rating in a research note on Wednesday, April 27th. Zacks Investment Research lowered CEMEX SAB de CV from a “buy” rating to a “hold” rating in a research note on Thursday, May 5th. Finally, Scotiabank lowered CEMEX SAB de CV from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, April 6th. One analyst has rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $8.54.

The company has a market capitalization of $63.83 billion and a price-to-earnings ratio of 378.12. The stock has a 50 day moving average of $6.28 and a 200 day moving average of $5.87.

CEMEX SAB de CV (NYSE:CX) last posted its quarterly earnings results on Thursday, April 21st. The company reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.07) by $0.10. Analysts forecast that CEMEX SAB de CV will post $0.17 EPS for the current fiscal year.

A number of institutional investors recently bought and sold shares of the company. Brandes Investment Partners LP raised its position in CEMEX SAB de CV by 13.9% in the fourth quarter. Brandes Investment Partners LP now owns 33,370,688 shares of the company’s stock valued at $185,874,000 after buying an additional 4,076,878 shares during the last quarter. Quantitative Investment Management LLC raised its stake in shares of CEMEX SAB de CV by 180.6% in the fourth quarter. Quantitative Investment Management LLC now owns 357,800 shares of the company’s stock worth $1,992,000 after buying an additional 230,300 shares in the last quarter. South Dakota Investment Council raised its stake in shares of CEMEX SAB de CV by 38.9% in the fourth quarter. South Dakota Investment Council now owns 194,800 shares of the company’s stock worth $1,085,000 after buying an additional 54,600 shares in the last quarter. GFS Advisors LLC raised its stake in shares of CEMEX SAB de CV by 56.8% in the fourth quarter. GFS Advisors LLC now owns 3,056,103 shares of the company’s stock worth $17,022,000 after buying an additional 1,107,125 shares in the last quarter. Finally, Sei Investments Co. acquired a new stake in shares of CEMEX SAB de CV during the fourth quarter worth $2,089,000.

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 more than 50 countries throughout the world.

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