Cemex S.A.B. de C.V. (NYSE:CX) was downgraded by stock analysts at BidaskClub from a “buy” rating to a “hold” rating in a note issued to investors on Thursday.

A number of other equities analysts also recently commented on the stock. UBS AG raised shares of Cemex S.A.B. de C.V. from a “market perform” rating to an “outperform” rating in a research note on Thursday, May 4th. Bank of America Corporation raised shares of Cemex S.A.B. de C.V. from a “neutral” rating to a “buy” rating and raised their target price for the company from $10.10 to $10.60 in a research note on Tuesday, June 20th. Berenberg Bank reissued a “hold” rating and issued a $8.40 target price on shares of Cemex S.A.B. de C.V. in a research note on Thursday, July 27th. Zacks Investment Research downgraded shares of Cemex S.A.B. de C.V. from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. Finally, Citigroup Inc. downgraded shares of Cemex S.A.B. de C.V. from a “neutral” rating to a “sell” rating and set a $9.00 target price on the stock. in a research note on Monday, July 17th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $10.63.

Cemex S.A.B. de C.V. (NYSE:CX) traded down 1.308% during mid-day trading on Thursday, hitting $9.435. 475,475 shares of the stock traded hands. The company has a market cap of $141.52 billion, a price-to-earnings ratio of 120.962 and a beta of 1.34. The stock’s 50 day moving average is $9.74 and its 200-day moving average is $8.94. Cemex S.A.B. de C.V. has a 12 month low of $6.91 and a 12 month high of $10.37.

Cemex S.A.B. de C.V. (NYSE:CX) last posted its quarterly earnings results on Wednesday, July 26th. The construction company reported $0.18 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.18. The company had revenue of $3.58 billion for the quarter. Cemex S.A.B. de C.V. had a net margin of 8.34% and a return on equity of 8.94%. On average, equities research analysts anticipate that Cemex S.A.B. de C.V. will post $0.57 EPS for the current year.

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A number of large investors have recently added to or reduced their stakes in the stock. Neuberger Berman Group LLC purchased a new stake in Cemex S.A.B. de C.V. during the second quarter worth $100,000. Huntington National Bank raised its stake in Cemex S.A.B. de C.V. by 19.0% in the second quarter. Huntington National Bank now owns 10,775 shares of the construction company’s stock worth $102,000 after buying an additional 1,722 shares during the last quarter. Stratos Wealth Partners LTD. purchased a new stake in Cemex S.A.B. de C.V. during the first quarter worth $100,000. Bronfman E.L. Rothschild L.P. raised its stake in 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 worth $100,000 after buying an additional 333 shares during the last quarter. Finally, CENTRAL TRUST Co raised its stake in 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 worth $101,000 after buying an additional 6,583 shares during the last quarter. 39.13% of the stock is owned by institutional investors and hedge funds.

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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