CEMEX SAB de CV (CX) Hits New 1-Year High at $8.72
CEMEX SAB de CV (NYSE:CX) shares reached a new 52-week high on Thursday . The stock traded as high as $8.72 and last traded at $8.65, with a volume of 14,984,068 shares. The stock had previously closed at $8.43.
CX has been the topic of several recent analyst reports. Barclays PLC upgraded CEMEX SAB de CV from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $6.00 to $10.00 in a report on Thursday, April 21st. Citigroup Inc. lowered CEMEX SAB de CV from a “buy” rating to a “neutral” rating in a report on Wednesday, April 27th. Zacks Investment Research lowered 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 research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $8.36.
The stock has a 50 day moving average of $6.83 and a 200-day moving average of $6.30. The company has a market cap of $120.14 billion and a price-to-earnings ratio of 409.05.
CEMEX SAB de CV (NYSE:CX) last issued its quarterly 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 expect 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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