CEMEX SAB de CV (NYSE:CX) was up 2.7% during trading on Monday . The stock traded as high as $6.99 and last traded at $6.97, with a volume of 7,208,681 shares. The stock had previously closed at $6.79.

Several equities research analysts have commented on CX shares. BB&T Corp. upgraded CEMEX SAB de CV from a “hold” rating to a “buy” rating and set a $9.00 price objective for the company in a research note on Monday, March 21st. Jefferies Group restated a “buy” rating and issued a $8.00 price target on shares of CEMEX SAB de CV in a research report on Sunday, March 20th. Zacks Investment Research upgraded CEMEX SAB de CV from a “hold” rating to a “buy” rating and set a $7.25 price target for the company in a research report on Monday, July 11th. Sterne Agee CRT restated a “buy” rating on shares of CEMEX SAB de CV in a research report on Monday, May 16th. Finally, Citigroup Inc. lowered CEMEX SAB de CV from a “buy” rating to a “neutral” rating in a research report on Wednesday, April 27th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and ten have given a buy rating to the stock. CEMEX SAB de CV currently has an average rating of “Buy” and an average target price of $8.75.

The stock has a market cap of $74.80 billion and a P/E ratio of 443.12. The company has a 50-day moving average price of $6.30 and a 200-day moving average price of $5.93.

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, beating the Zacks’ consensus estimate of ($0.07) by $0.10. On average, equities analysts predict that CEMEX SAB de CV will post $0.17 EPS for the current fiscal year.

Several hedge funds and institutional investors recently modified their holdings of CX. Quantitative Investment Management LLC increased its position 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 valued at $1,992,000 after buying an additional 230,300 shares in the last quarter. South Dakota Investment Council increased its position 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 valued at $1,085,000 after buying an additional 54,600 shares in the last quarter. Sei Investments Co. bought a new position in shares of CEMEX SAB de CV during the fourth quarter valued at about $2,089,000. Finally, Brandes Investment Partners LP increased its position in shares of 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 in the last quarter.

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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