Several brokerages have updated their recommendations and price targets on shares of Cemex S.A.B. de C.V. (NYSE: CX) in the last few weeks:

  • 8/10/2017 – Cemex S.A.B. de C.V. was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 7/28/2017 – Cemex S.A.B. de C.V. was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 7/27/2017 – Cemex S.A.B. de C.V. had its “hold” rating reaffirmed by analysts at Berenberg Bank. They now have a $8.40 price target on the stock.
  • 7/25/2017 – Cemex S.A.B. de C.V. was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “CEMEX is one of the largest cement companies in the world, with close to 78 million metric tons of production capacity. Through operating subsidiaries in four continents, they are engaged in the production, distribution, marketing and sale of cement, ready-mix concrete, aggregates and clinker. They are also the world’s leading producer of white cement and the world’s largest trader of cement and clinker. “
  • 7/17/2017 – Cemex S.A.B. de C.V. was downgraded by analysts at Citigroup Inc. from a “neutral” rating to a “sell” rating. They now have a $9.00 price target on the stock.
  • 7/12/2017 – Cemex S.A.B. de C.V. was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 6/20/2017 – Cemex S.A.B. de C.V. was upgraded by analysts at Bank of America Corporation from a “neutral” rating to a “buy” rating. They now have a $10.60 price target on the stock, up previously from $10.10.
  • 6/15/2017 – Cemex S.A.B. de C.V. was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.

Shares of Cemex S.A.B. de C.V. (CX) opened at 9.29 on Friday. The company has a 50-day moving average price of $9.74 and a 200-day moving average price of $8.94. The stock has a market capitalization of $139.34 billion, a price-to-earnings ratio of 119.10 and a beta of 1.34. Cemex S.A.B. de C.V. has a 52-week low of $6.91 and a 52-week high of $10.37.

Cemex S.A.B. de C.V. (NYSE:CX) last announced its quarterly earnings data on Wednesday, July 26th. The construction company reported $0.18 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.18. The business had revenue of $3.58 billion during the quarter. Cemex S.A.B. de C.V. had a return on equity of 8.94% and a net margin of 8.34%. On average, equities analysts anticipate that Cemex S.A.B. de C.V. will post $0.57 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 over 50 countries throughout the world.

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