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

A number of analysts recently issued reports on CX shares. Scotiabank lowered shares of CEMEX SAB de CV from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, April 6th. Barclays PLC upgraded shares of CEMEX SAB de CV from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $6.00 to $10.00 in a research note on Thursday, April 21st. Citigroup Inc. lowered shares of CEMEX SAB de CV from a “buy” rating to a “neutral” rating in a research note on Wednesday, April 27th. Zacks Investment Research lowered shares of CEMEX SAB de CV from a “buy” rating to a “hold” rating in a research note on Thursday, May 5th. Finally, Sterne Agee CRT restated a “buy” rating on shares of CEMEX SAB de CV in a research note on Monday, May 16th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $8.75.

The company has a 50-day moving average of $6.33 and a 200-day moving average of $5.96. The stock has a market capitalization of $71.11 billion and a price-to-earnings ratio of 421.25.

CEMEX SAB de CV (NYSE:CX) last announced its earnings results on Thursday, April 21st. The company reported $0.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.10. Equities research analysts expect that CEMEX SAB de CV will post $0.17 EPS for the current fiscal year.

Several large investors have bought and sold shares of the stock. South Dakota Investment Council boosted its stake 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 valued at $1,085,000 after buying an additional 54,600 shares in the last quarter. Quantitative Investment Management LLC boosted its stake 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 valued at $1,992,000 after buying an additional 230,300 shares in the last quarter. Sei Investments Co. acquired a new stake in CEMEX SAB de CV during the fourth quarter valued at $2,089,000. Finally, Brandes Investment Partners LP boosted its stake 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 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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