StockNews.com upgraded shares of CEMEX (NYSE:CX – Free Report) from a buy rating to a strong-buy rating in a research report report published on Friday morning.
A number of other brokerages also recently weighed in on CX. Barclays downgraded shares of CEMEX from an overweight rating to an equal weight rating and set a $9.00 price objective on the stock. in a research report on Friday, February 9th. The Goldman Sachs Group increased their price objective on shares of CEMEX from $9.00 to $10.00 and gave the company a buy rating in a research report on Friday. Finally, Bank of America downgraded shares of CEMEX from a buy rating to a neutral rating and set a $9.00 price objective on the stock. in a research report on Wednesday. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and an average target price of $9.53.
Get Our Latest Stock Report on CEMEX
CEMEX Trading Up 1.1 %
CEMEX (NYSE:CX – Get Free Report) last issued its quarterly earnings data on Thursday, February 8th. The construction company reported ($0.30) earnings per share for the quarter. The company had revenue of $4.24 billion for the quarter. CEMEX had a net margin of 1.28% and a return on equity of 1.81%. On average, equities research analysts expect that CEMEX will post 0.88 EPS for the current fiscal year.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in the business. Robeco Institutional Asset Management B.V. increased its stake in shares of CEMEX by 4.4% in the third quarter. Robeco Institutional Asset Management B.V. now owns 8,764,242 shares of the construction company’s stock worth $56,968,000 after purchasing an additional 373,246 shares in the last quarter. Raymond James & Associates increased its stake in shares of CEMEX by 37.4% in the third quarter. Raymond James & Associates now owns 50,402 shares of the construction company’s stock worth $328,000 after purchasing an additional 13,718 shares in the last quarter. Stratos Wealth Partners LTD. purchased a new stake in shares of CEMEX in the third quarter worth $95,000. Calamos Wealth Management LLC increased its stake in shares of CEMEX by 4.2% in the third quarter. Calamos Wealth Management LLC now owns 150,396 shares of the construction company’s stock worth $978,000 after purchasing an additional 6,046 shares in the last quarter. Finally, RWC Asset Advisors US LLC increased its stake in shares of CEMEX by 8.4% in the third quarter. RWC Asset Advisors US LLC now owns 8,615,365 shares of the construction company’s stock worth $56,000,000 after purchasing an additional 668,425 shares in the last quarter. 82.97% of the stock is currently owned by institutional investors.
About CEMEX
CEMEX, SAB. de C.V., together with its subsidiaries, produces, markets, distributes, and sells cement, ready-mix concrete, aggregates, urbanization solutions, and other construction materials and services worldwide. The company offers gray ordinary portland, white portland, oil-well, and blended cement products; mortar; and standard ready-mix, architectural and decorative, rapid-setting, fiber-reinforced, fluid-fill, roller-compacted, self-consolidating, pervious, and antibacterial, and other concrete products.
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