CEMEX SAB de CV (CX) Trading Down 1.6%
CEMEX SAB de CV (NYSE:CX) was down 1.6% on Tuesday . The company traded as low as $8.45 and last traded at $8.48, with a volume of 9,956,619 shares. The stock had previously closed at $8.62.
A number of equities research analysts recently commented on the company. Citigroup Inc. downgraded CEMEX SAB de CV from a “buy” rating to a “neutral” rating in a report on Wednesday, April 27th. Zacks Investment Research downgraded CEMEX SAB de CV from a “buy” rating to a “hold” rating in a report on Thursday, May 5th. Sterne Agee CRT reaffirmed a “buy” rating on shares of CEMEX SAB de CV in a report on Monday, May 16th. Scotiabank raised CEMEX SAB de CV from a “sector perform” rating to a “sector outperform” rating in a report on Thursday, June 16th. Finally, TheStreet raised CEMEX SAB de CV from a “sell” rating to a “hold” rating in a report on Monday, August 8th. Seven investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. CEMEX SAB de CV presently has a consensus rating of “Buy” and an average target price of $8.58.
The firm has a 50-day moving average of $7.46 and a 200 day moving average of $6.60. The firm has a market capitalization of $118.35 billion and a price-to-earnings ratio of 384.09.
CEMEX SAB de CV (NYSE:CX) last released its quarterly earnings results on Wednesday, July 27th. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.09. On average, analysts anticipate that CEMEX SAB de CV will post $0.23 earnings per share for the current 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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