CEMEX SAB de CV (CX) Stock Price Up 3.4%
CEMEX SAB de CV (NYSE:CX) rose 3.4% on Friday . The company traded as high as $8.47 and last traded at $8.41, with a volume of 16,539,541 shares trading hands. The stock had previously closed at $8.13.
CX has been the topic of a number of recent analyst reports. Morgan Stanley restated an “equal weight” rating on shares of CEMEX SAB de CV in a research note on Monday, August 15th. TheStreet upgraded shares of CEMEX SAB de CV from a “sell” rating to a “hold” rating in a research report on Monday, August 8th. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a $11.00 price target (up from $9.20) on shares of CEMEX SAB de CV in a research report on Monday, August 15th. Santander cut shares of CEMEX SAB de CV from a “buy” rating to a “hold” rating in a research report on Monday, August 15th. 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. Seven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. CEMEX SAB de CV currently has a consensus rating of “Buy” and an average price target of $8.58.
The firm’s 50-day moving average is $7.60 and its 200-day moving average is $6.62. The firm has a market cap of $117.30 billion and a P/E ratio of 380.682.
CEMEX SAB de CV (NYSE:CX) last announced its earnings results on Wednesday, July 27th. The company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.06 by $0.09. Equities analysts forecast 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.