CEMEX SAB de CV (CX) Hits New 1-Year High at $8.72
CEMEX SAB de CV (NYSE:CX) hit a new 52-week high during trading on Thursday . The company traded as high as $8.72 and last traded at $8.65, with a volume of 14,984,068 shares trading hands. The stock had previously closed at $8.43.
CX has been the topic of a number of analyst reports. Barclays PLC upgraded CEMEX SAB de CV from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $6.00 to $10.00 in a report on Thursday, April 21st. Citigroup Inc. cut CEMEX SAB de CV from a “buy” rating to a “neutral” rating in a report on Wednesday, April 27th. Zacks Investment Research cut CEMEX SAB de CV from a “buy” rating to a “hold” rating in a report on Thursday, May 5th. Sterne Agee CRT reiterated a “buy” rating on shares of CEMEX SAB de CV in a report on Monday, May 16th. Finally, Scotiabank upgraded CEMEX SAB de CV from a “sector perform” rating to a “sector outperform” rating in a report on Thursday, June 16th. Six equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $8.36.
The company’s 50-day moving average is $6.95 and its 200-day moving average is $6.35. The company has a market cap of $122.10 billion and a P/E ratio of 415.71.
CEMEX SAB de CV (NYSE:CX) last posted its quarterly earnings results on Wednesday, July 27th. The company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.06 by $0.09. On average, equities research analysts anticipate that CEMEX SAB de CV will post $0.22 EPS for the current fiscal year.
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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