CEMEX SAB de CV (CX) Shares Up 3.4%
CEMEX SAB de CV (NYSE:CX) shot up 3.4% during mid-day trading on Friday . The company traded as high as $8.47 and last traded at $8.41, with a volume of 16,539,541 shares. The stock had previously closed at $8.13.
A number of research firms have issued reports on CX. Morgan Stanley reiterated an “equal weight” rating on shares of CEMEX SAB de CV in a report on Monday, August 15th. Santander lowered shares of CEMEX SAB de CV from a “buy” rating to a “hold” rating in a report on Monday, August 15th. JPMorgan Chase & Co. restated an “overweight” rating and issued a $11.00 price objective (up from $9.20) on shares of CEMEX SAB de CV in a report on Monday, August 15th. TheStreet upgraded shares of CEMEX SAB de CV from a “sell” rating to a “hold” rating in a report on Monday, August 8th. Finally, Zacks Investment Research lowered shares of CEMEX SAB de CV from a “buy” rating to a “hold” rating in a report on Friday, July 29th. Seven analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. CEMEX SAB de CV has a consensus rating of “Buy” and a consensus price target of $8.58.
The company has a market cap of $116.95 billion and a PE ratio of 379.55. The company has a 50 day moving average of $7.66 and a 200 day moving average of $6.65.
CEMEX SAB de CV (NYSE:CX) last released its earnings results on Wednesday, July 27th. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.09. Equities research analysts predict that CEMEX SAB de CV will post $0.23 earnings per share 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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