CEMEX SAB de CV (NYSE:CX)’s share price dropped 3.7% on Tuesday . The stock traded as low as $6.83 and last traded at $6.83, with a volume of 4,866,145 shares. The stock had previously closed at $7.09.

CX has been the topic of several research analyst reports. Zacks Investment Research upgraded shares of CEMEX SAB de CV from a “hold” rating to a “buy” rating and set a $7.25 price objective on the stock in a research report on Monday, July 11th. Sterne Agee CRT reiterated a “buy” rating on shares of CEMEX SAB de CV in a research report on Monday, May 16th. Citigroup Inc. cut shares of CEMEX SAB de CV from a “buy” rating to a “neutral” rating in a research report on Wednesday, April 27th. Barclays PLC raised shares of CEMEX SAB de CV from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $6.00 to $10.00 in a research note on Thursday, April 21st. Finally, Scotiabank raised shares of CEMEX SAB de CV from a “sector perform” rating to a “sector outperform” rating in a research note on Thursday, June 16th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and ten have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $8.75.

The firm has a market capitalization of $72.53 billion and a price-to-earnings ratio of 429.687. The stock’s 50 day moving average is $6.35 and its 200-day moving average is $5.97.

CEMEX SAB de CV (NYSE:CX) last issued its earnings results on Thursday, April 21st. The company reported $0.03 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.07) by $0.10. On average, equities research analysts forecast that CEMEX SAB de CV will post $0.17 earnings per share for the current year.

A number of large investors have recently modified their holdings of CX. Brandes Investment Partners LP increased its stake 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 during the last quarter. Sei Investments Co. purchased a new stake in shares of CEMEX SAB de CV during the fourth quarter valued at approximately $2,089,000. Quantitative Investment Management LLC increased 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 valued at $1,992,000 after buying an additional 230,300 shares during the last quarter. Finally, South Dakota Investment Council increased 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 valued at $1,085,000 after buying an additional 54,600 shares during 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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