CEMEX SAB de CV (CX) Shares Up 3.1%
Shares of CEMEX SAB de CV (NYSE:CX) shot up 3.1% during mid-day trading on Thursday . The stock traded as high as $6.10 and last traded at $6.05, with a volume of 10,499,296 shares trading hands. The stock had previously closed at $5.87.
A number of research firms recently issued reports on CX. Sterne Agee CRT reiterated a “buy” rating on shares of CEMEX SAB de CV in a research note on Monday, May 16th. Jefferies Group restated a “buy” rating and set a $8.00 target price on shares of CEMEX SAB de CV in a research report on Sunday, March 20th. Citigroup Inc. cut CEMEX SAB de CV from a “buy” rating to a “neutral” rating in a research report on Wednesday, April 27th. Zacks Investment Research cut CEMEX SAB de CV from a “buy” rating to a “hold” rating in a research report on Thursday, May 5th. Finally, Scotiabank cut CEMEX SAB de CV from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, April 6th. One analyst has rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating to the stock. CEMEX SAB de CV currently has a consensus rating of “Buy” and an average target price of $8.54.
The company has a market capitalization of $66.04 billion and a P/E ratio of 391.25. The firm’s 50 day moving average is $6.27 and its 200 day moving average is $5.88.
CEMEX SAB de CV (NYSE:CX) last announced its earnings results on Thursday, April 21st. The company reported $0.03 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.07) by $0.10. On average, equities analysts predict that CEMEX SAB de CV will post $0.17 earnings per share for the current fiscal year.
A number of institutional investors recently made changes to their positions in CX. Brandes Investment Partners LP boosted its position 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 worth $185,874,000 after buying an additional 4,076,878 shares in the last quarter. GFS Advisors LLC boosted its stake in CEMEX SAB de CV by 56.8% in the fourth quarter. GFS Advisors LLC now owns 3,056,103 shares of the company’s stock worth $17,022,000 after buying an additional 1,107,125 shares in the last quarter. Sei Investments Co. acquired a new stake in CEMEX SAB de CV during the fourth quarter worth approximately $2,089,000. 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 worth $1,992,000 after buying an additional 230,300 shares in the last quarter. Finally, 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 worth $1,085,000 after buying an additional 54,600 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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.