BidaskClub upgraded shares of Cemex S.A.B. de C.V. (NYSE:CX) from a hold rating to a buy rating in a research note released on Thursday morning.

Other equities research analysts also recently issued research reports about the company. Vetr raised Cemex S.A.B. de C.V. from a buy rating to a strong-buy rating and set a $13.16 price target for the company in a research report on Tuesday, March 7th. Credit Suisse Group set a $11.00 price target on Cemex S.A.B. de C.V. and gave the company a buy rating in a research report on Friday, March 17th. Morgan Stanley raised Cemex S.A.B. de C.V. from an equal weight rating to an overweight rating and boosted their price target for the company from $8.50 to $11.00 in a research report on Tuesday, April 4th. Longbow Research raised Cemex S.A.B. de C.V. from a neutral rating to a buy rating and set a $12.00 price target for the company in a research report on Friday, March 31st. Finally, Zacks Investment Research raised Cemex S.A.B. de C.V. from a hold rating to a strong-buy rating and set a $11.00 price target for the company in a research report on Thursday, April 6th. Four equities research analysts have rated the stock with a hold rating, seven have given a buy rating and three have given a strong buy rating to the company. The company currently has a consensus rating of Buy and an average target price of $10.79.

Analyst Recommendations for Cemex S.A.B. de C.V. (NYSE:CX)

Cemex S.A.B. de C.V. (CX) opened at 9.23 on Thursday. The stock has a market capitalization of $134.78 billion, a PE ratio of 131.86 and a beta of 1.46. Cemex S.A.B. de C.V. has a 12-month low of $5.28 and a 12-month high of $9.40. The stock’s 50 day moving average price is $8.76 and its 200-day moving average price is $8.47.

Cemex S.A.B. de C.V. (NYSE:CX) last released its earnings results on Thursday, April 27th. The construction company reported $0.14 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.05 by $0.09. The firm had revenue of $3.14 billion during the quarter. Cemex S.A.B. de C.V. had a return on equity of 8.54% and a net margin of 7.66%. Analysts expect that Cemex S.A.B. de C.V. will post $0.54 earnings per share for the current year.

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Large investors have recently modified their holdings of the company. Bronfman E.L. Rothschild L.P. increased its stake in shares of Cemex S.A.B. de C.V. by 3.1% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 11,014 shares of the construction company’s stock valued at $100,000 after buying an additional 333 shares during the last quarter. Stratos Wealth Partners LTD. bought a new stake in shares of Cemex S.A.B. de C.V. during the first quarter valued at $100,000. CENTRAL TRUST Co increased its stake in shares of Cemex S.A.B. de C.V. by 143.5% in the first quarter. CENTRAL TRUST Co now owns 11,171 shares of the construction company’s stock valued at $101,000 after buying an additional 6,583 shares during the last quarter. First Financial Equity Corporation bought a new stake in shares of Cemex S.A.B. de C.V. during the first quarter valued at $101,000. Finally, Frontier Wealth Management LLC bought a new stake in shares of Cemex S.A.B. de C.V. during the fourth quarter valued at $111,000. 38.84% of the stock is owned by institutional investors.

About Cemex S.A.B. de C.V.

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 over 50 countries throughout the world.

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