Cemex SAB de CV (NYSE:CX) has been assigned a consensus recommendation of “Buy” from the thirteen analysts that are covering the stock, MarketBeat reports. Six analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $10.86.

Several research firms have recently issued reports on CX. Zacks Investment Research lowered shares of Cemex SAB de CV from a “hold” rating to a “sell” rating in a report on Tuesday, December 19th. Citigroup upgraded shares of Cemex SAB de CV from a “sell” rating to a “neutral” rating and set a $9.00 target price for the company in a report on Monday, October 23rd. JPMorgan Chase & Co. lowered their target price on shares of Cemex SAB de CV from $11.20 to $10.60 and set an “overweight” rating for the company in a report on Monday, October 30th. Santander lowered shares of Cemex SAB de CV from a “buy” rating to a “hold” rating in a report on Tuesday, December 19th. Finally, ValuEngine lowered shares of Cemex SAB de CV from a “buy” rating to a “hold” rating in a report on Sunday, December 31st.

A number of institutional investors and hedge funds have recently made changes to their positions in CX. Raymond James Trust N.A. bought a new stake in shares of Cemex SAB de CV in the 3rd quarter valued at about $141,000. Dixon Hubard Feinour & Brown Inc. VA bought a new stake in shares of Cemex SAB de CV in the 3rd quarter valued at about $156,000. First Allied Advisory Services Inc. raised its holdings in shares of Cemex SAB de CV by 4.8% in the 2nd quarter. First Allied Advisory Services Inc. now owns 18,812 shares of the construction company’s stock valued at $175,000 after purchasing an additional 864 shares in the last quarter. Advisor Group Inc. raised its holdings in shares of Cemex SAB de CV by 34.9% in the 2nd quarter. Advisor Group Inc. now owns 19,336 shares of the construction company’s stock valued at $180,000 after purchasing an additional 5,001 shares in the last quarter. Finally, Fulton Bank N.A. bought a new stake in shares of Cemex SAB de CV in the 3rd quarter valued at about $185,000. Institutional investors own 39.03% of the company’s stock.

Cemex SAB de CV (NYSE CX) traded down $0.44 during trading on Friday, hitting $7.36. 22,590,000 shares of the stock traded hands, compared to its average volume of 9,880,000. The company has a market cap of $10,860.00, a price-to-earnings ratio of 12.69, a PEG ratio of 0.98 and a beta of 1.32. The company has a quick ratio of 0.54, a current ratio of 0.74 and a debt-to-equity ratio of 0.88. Cemex SAB de CV has a 12-month low of $7.09 and a 12-month high of $10.37.

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About Cemex SAB de CV

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 SAB de CV (NYSE:CX)

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