Cemex SAB de CV (CX) Stock Price Down 6.1%

Cemex SAB de CV (NYSE:CX)’s share price fell 6.1% during trading on Thursday . The stock traded as low as $5.86 and last traded at $5.86. 11,018,098 shares changed hands during mid-day trading, an increase of 34% from the average session volume of 8,233,553 shares. The stock had previously closed at $6.24.

Several research firms recently commented on CX. Zacks Investment Research upgraded shares of Cemex SAB de CV from a “sell” rating to a “hold” rating in a research note on Monday, October 15th. BNP Paribas downgraded shares of Cemex SAB de CV from an “outperform” rating to a “neutral” rating in a research note on Tuesday, July 31st. Exane BNP Paribas downgraded shares of Cemex SAB de CV from an “outperform” rating to a “neutral” rating in a research note on Tuesday, July 31st. JPMorgan Chase & Co. set a $9.00 price target on shares of Cemex SAB de CV and gave the company a “buy” rating in a research note on Monday, September 24th. Finally, HSBC downgraded shares of Cemex SAB de CV from a “buy” rating to a “hold” rating and set a $8.00 price target on the stock. in a research note on Thursday, August 16th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company. Cemex SAB de CV currently has an average rating of “Hold” and an average price target of $9.14.

The company has a market capitalization of $8.56 billion, a PE ratio of 14.39, a PEG ratio of 0.63 and a beta of 1.37. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.55 and a current ratio of 0.76.

Cemex SAB de CV (NYSE:CX) last announced its quarterly earnings data on Thursday, July 26th. The construction company reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.09. The firm had revenue of $3.80 billion for the quarter. Cemex SAB de CV had a net margin of 4.23% and a return on equity of 5.46%. As a group, equities research analysts expect that Cemex SAB de CV will post 0.55 EPS for the current fiscal year.

A number of institutional investors have recently made changes to their positions in the business. First Interstate Bank lifted its holdings in shares of Cemex SAB de CV by 96.4% in the second quarter. First Interstate Bank now owns 16,300 shares of the construction company’s stock worth $107,000 after acquiring an additional 8,000 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. lifted its holdings in shares of Cemex SAB de CV by 566.7% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 20,000 shares of the construction company’s stock worth $131,000 after acquiring an additional 17,000 shares during the last quarter. 180 Wealth Advisors LLC lifted its holdings in shares of Cemex SAB de CV by 80.7% in the second quarter. 180 Wealth Advisors LLC now owns 26,527 shares of the construction company’s stock worth $174,000 after acquiring an additional 11,848 shares during the last quarter. Natixis lifted its holdings in shares of Cemex SAB de CV by 53.8% in the second quarter. Natixis now owns 31,976 shares of the construction company’s stock worth $210,000 after acquiring an additional 11,180 shares during the last quarter. Finally, First Hawaiian Bank bought a new position in shares of Cemex SAB de CV in the third quarter worth about $280,000. Hedge funds and other institutional investors own 33.21% of the company’s stock.

Cemex SAB de CV Company Profile (NYSE:CX)

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.

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