CEMEX SAB de CV (CX) Stock Price Down 3.7%
CEMEX SAB de CV (NYSE:CX) shares traded down 3.7% during trading on Tuesday . The stock traded as low as $6.83 and last traded at $6.83, with a volume of 4,866,145 shares trading hands. The stock had previously closed at $7.09.
Several research analysts have recently commented on the stock. Zacks Investment Research raised shares of CEMEX SAB de CV from a “hold” rating to a “buy” rating and set a $7.25 price objective for the company in a research note on Monday, July 11th. Sterne Agee CRT reaffirmed a “buy” rating on shares of CEMEX SAB de CV in a report on Monday, May 16th. Citigroup Inc. cut shares of CEMEX SAB de CV from a “buy” rating to a “neutral” rating in a report on Wednesday, April 27th. Scotiabank cut shares of CEMEX SAB de CV from an “outperform” rating to a “sector perform” rating in a report on Wednesday, April 6th. Finally, BB&T Corp. raised shares of CEMEX SAB de CV from a “hold” rating to a “buy” rating and set a $9.00 target price on the stock in a report on Monday, March 21st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and ten have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $8.75.
The firm has a market cap of $71.11 billion and a price-to-earnings ratio of 421.25. The company’s 50-day moving average price is $6.32 and its 200 day moving average price is $5.95.
CEMEX SAB de CV (NYSE:CX) last issued its earnings results on Thursday, April 21st. The company reported $0.03 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.07) by $0.10. Equities analysts predict that CEMEX SAB de CV will post $0.17 earnings per share for the current fiscal year.
Other institutional investors recently added to or reduced their stakes in the company. South Dakota Investment Council boosted its position in 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. Quantitative Investment Management LLC boosted its position in 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. Sei Investments Co. bought a new position in CEMEX SAB de CV during the fourth quarter worth $2,089,000. Finally, Brandes Investment Partners LP boosted 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 worth $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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