Cemex S.A.B. de C.V. (NYSE:CX) was downgraded by equities research analysts at Citigroup Inc. from a “neutral” rating to a “sell” rating in a report issued on Monday, MarketBeat reports. They presently have a $9.00 price objective on the construction company’s stock. Citigroup Inc.’s target price would suggest a potential downside of 8.54% from the company’s previous close.

CX has been the subject of a number of other reports. BidaskClub raised Cemex S.A.B. de C.V. from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 12th. UBS AG raised Cemex S.A.B. de C.V. from a “market perform” rating to an “outperform” rating in a report on Thursday, May 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 report on Friday, March 31st. 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 report on Thursday, April 6th. Finally, Morgan Stanley raised Cemex S.A.B. de C.V. from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $8.50 to $11.00 in a report on Tuesday, April 4th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have assigned a buy rating and four have assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $10.62.

Cemex S.A.B. de C.V. (NYSE CX) opened at 9.84 on Monday. The firm has a market cap of $143.69 billion, a price-to-earnings ratio of 138.59 and a beta of 1.34. The firm’s 50-day moving average price is $9.32 and its 200-day moving average price is $8.72. Cemex S.A.B. de C.V. has a 12 month low of $6.44 and a 12 month high of $10.37.

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

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A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Aperio Group LLC raised its position in shares of Cemex S.A.B. de C.V. by 2.2% in the second quarter. Aperio Group LLC now owns 501,069 shares of the construction company’s stock worth $4,720,000 after buying an additional 10,866 shares during the last quarter. Rockefeller Financial Services Inc. raised its position in shares of Cemex S.A.B. de C.V. by 1.9% in the second quarter. Rockefeller Financial Services Inc. now owns 6,026,658 shares of the construction company’s stock worth $56,772,000 after buying an additional 109,926 shares during the last quarter. American National Insurance Co. TX raised its position in shares of Cemex S.A.B. de C.V. by 4.0% in the second quarter. American National Insurance Co. TX now owns 17,486 shares of the construction company’s stock worth $165,000 after buying an additional 670 shares during the last quarter. OLD National Bancorp IN raised its position in shares of Cemex S.A.B. de C.V. by 4.4% in the second quarter. OLD National Bancorp IN now owns 22,719 shares of the construction company’s stock worth $214,000 after buying an additional 953 shares during the last quarter. Finally, Eqis Capital Management Inc. raised its position in shares of Cemex S.A.B. de C.V. by 6.8% in the second quarter. Eqis Capital Management Inc. now owns 53,149 shares of the construction company’s stock worth $501,000 after buying an additional 3,400 shares during the last quarter. Hedge funds and other institutional investors own 38.83% of the company’s stock.

Cemex S.A.B. de C.V. Company Profile

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.

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

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