Cemex SAB de CV (NYSE:CX) had its target price decreased by Barclays from $11.00 to $10.00 in a research report sent to investors on Friday. Barclays currently has an overweight rating on the construction company’s stock.
A number of other brokerages have also recently weighed in on CX. Zacks Investment Research upgraded shares of Cemex SAB de CV from a sell rating to a hold rating in a report on Thursday, February 1st. UBS cut shares of Cemex SAB de CV from a buy rating to a sell rating and reduced their target price for the stock from $7.62 to $6.50 in a report on Thursday, February 15th. Citigroup upgraded shares of Cemex SAB de CV from a neutral rating to a buy rating and set a $10.00 target price for the company in a report on Tuesday, December 19th. ValuEngine cut shares of Cemex SAB de CV from a buy rating to a hold rating in a report on Friday, December 1st. Finally, Santander cut shares of Cemex SAB de CV from a buy rating to a hold rating in a report on Tuesday, December 19th. One analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of Hold and a consensus price target of $9.49.
Shares of Cemex SAB de CV stock opened at $6.76 on Friday. The firm has a market cap of $10,134.26, a P/E ratio of 12.27, a P/E/G ratio of 0.65 and a beta of 1.48. Cemex SAB de CV has a 1-year low of $6.45 and a 1-year high of $10.37. The company has a current ratio of 0.64, a quick ratio of 0.47 and a debt-to-equity ratio of 0.84.
Cemex SAB de CV (NYSE:CX) last issued its earnings results on Thursday, February 8th. The construction company reported ($0.07) earnings per share for the quarter. The business had revenue of $3.42 billion for the quarter. Cemex SAB de CV had a return on equity of 5.85% and a net margin of 5.91%. equities research analysts predict that Cemex SAB de CV will post 0.62 EPS for the current fiscal year.
Large investors have recently modified their holdings of the stock. Dixon Hubard Feinour & Brown Inc. VA purchased a new stake in shares of Cemex SAB de CV in the 3rd quarter valued at approximately $156,000. BlueCrest Capital Management Ltd purchased a new stake in shares of Cemex SAB de CV in the 4th quarter valued at approximately $132,000. Stevens Capital Management LP purchased a new stake in shares of Cemex SAB de CV in the 3rd quarter valued at approximately $197,000. Advisor Group Inc. lifted its position in shares of Cemex SAB de CV by 46.9% in the 4th quarter. Advisor Group Inc. now owns 22,809 shares of the construction company’s stock valued at $171,000 after acquiring an additional 7,283 shares in the last quarter. Finally, Paloma Partners Management Co purchased a new stake in shares of Cemex SAB de CV in the 4th quarter valued at approximately $220,000. Institutional investors and hedge funds own 36.90% of the company’s stock.
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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.
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