Cemex SAB de CV (NYSE:CX) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Wednesday, June 20th.
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. “
CX has been the topic of a number of other reports. Santander raised shares of Cemex SAB de CV from a “hold” rating to a “buy” rating in a research note on Wednesday, June 20th. Bank of America lowered their target price on shares of Cemex SAB de CV from $8.70 to $8.00 and set a “neutral” rating for the company in a report on Monday, March 5th. ValuEngine downgraded shares of Cemex SAB de CV from a “sell” rating to a “strong sell” rating in a report on Wednesday, May 2nd. Barclays decreased their price objective on shares of Cemex SAB de CV from $11.00 to $10.00 and set an “overweight” rating for the company in a report on Friday, March 16th. Finally, JPMorgan Chase & Co. restated an “overweight” rating and set a $10.00 price objective (down previously from $10.60) on shares of Cemex SAB de CV in a report on Wednesday, March 14th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $9.34.
Shares of Cemex SAB de CV opened at $6.56 on Wednesday, MarketBeat.com reports. The company has a market cap of $9.59 billion, a PE ratio of 16.00, a PEG ratio of 0.65 and a beta of 1.37. Cemex SAB de CV has a 1-year low of $5.72 and a 1-year high of $10.37. The company has a quick ratio of 0.52, a current ratio of 0.73 and a debt-to-equity ratio of 0.90.
Cemex SAB de CV (NYSE:CX) last released its quarterly earnings data on Thursday, April 26th. The construction company reported $0.02 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.05 by ($0.03). Cemex SAB de CV had a return on equity of 4.33% and a net margin of 3.58%. The company had revenue of $3.38 billion for the quarter. research analysts forecast that Cemex SAB de CV will post 0.6 earnings per share for the current year.
Institutional investors and hedge funds have recently made changes to their positions in the company. BlueCrest Capital Management Ltd bought a new stake in shares of Cemex SAB de CV in the 4th quarter worth approximately $132,000. Candriam Luxembourg S.C.A. purchased a new position in shares of Cemex SAB de CV in the first quarter worth $129,000. Stratos Wealth Partners LTD. increased its stake in shares of Cemex SAB de CV by 136.7% in the first quarter. Stratos Wealth Partners LTD. now owns 22,330 shares of the construction company’s stock worth $148,000 after buying an additional 12,897 shares during the period. Advisor Group Inc. increased its stake in shares of Cemex SAB de CV by 46.9% in the fourth quarter. Advisor Group Inc. now owns 22,809 shares of the construction company’s stock worth $171,000 after buying an additional 7,283 shares during the period. Finally, Paloma Partners Management Co purchased a new position in shares of Cemex SAB de CV in the fourth quarter worth $220,000. Hedge funds and other institutional investors own 33.30% of the company’s stock.
Cemex SAB de CV Company Profile
CEMEX, SAB. de C.V., together with its subsidiaries, produces, markets, distributes, and sells cement, ready-mix concrete, aggregates, clinker, and other construction materials. The company also offers various complementary construction products, including asphalt products; concrete blocks and roof tiles; architectural products; concrete pipes for storm and sanitary sewers applications; and other precast products comprising rail products, concrete floors, box culverts, bridges, drainage basins, barriers, and parking curbs.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Cemex SAB de CV Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cemex SAB de CV and related companies with MarketBeat.com's FREE daily email newsletter.