CEMEX SAB de CV (CX) Trading 2.9% Higher
Shares of CEMEX SAB de CV (NYSE:CX) traded up 2.9% during mid-day trading on Tuesday . The company traded as high as $8.17 and last traded at $8.11, with a volume of 9,337,730 shares traded. The stock had previously closed at $7.88.
A number of analysts recently issued reports on the stock. Zacks Investment Research downgraded shares of CEMEX SAB de CV from a “buy” rating to a “hold” rating in a report on Thursday, May 5th. Citigroup Inc. lowered shares of CEMEX SAB de CV from a “buy” rating to a “neutral” rating in a research report on Wednesday, April 27th. Sterne Agee CRT reiterated a “buy” rating on shares of CEMEX SAB de CV in a research report on Monday, May 16th. Barclays PLC upgraded shares of CEMEX SAB de CV from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $6.00 to $10.00 in a research report on Thursday, April 21st. Finally, Scotiabank upgraded shares of CEMEX SAB de CV from a “sector perform” rating to a “sector outperform” rating in a research report on Thursday, June 16th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $8.36.
The stock’s 50 day moving average is $6.73 and its 200 day moving average is $6.25. The company has a market capitalization of $114.27 billion and a price-to-earnings ratio of 389.05.
CEMEX SAB de CV (NYSE:CX) last issued its earnings results on Wednesday, July 27th. The company reported $0.14 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.09. Equities research analysts anticipate that CEMEX SAB de CV will post $0.20 EPS 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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