Cemex SAB de CV Target of Unusually Large Options Trading (CX)
Shares of Cemex SAB de CV (NYSE:CX) were the target of unusually large options trading on Monday. Stock traders acquired 20,751 call options on the stock, American Banking & Market News reports. This is an increase of 426% compared to the average daily volume of 3,944 call options.
Several analysts have recently commented on the stock. Analysts at Longbow Research upgraded shares of Cemex SAB de CV from a “neutral” rating to a “buy” rating in a research note on Thursday, March 20th. Separately, analysts at Sterne Agee upgraded shares of Cemex SAB de CV from a “neutral” rating to a “buy” rating in a research note on Wednesday, February 19th. They now have a $16.00 price target on the stock. Finally, analysts at Morgan Stanley reiterated an “overweight” rating on shares of Cemex SAB de CV in a research note on Wednesday, January 22nd. They now have a $14.00 price target on the stock, up previously from $13.00. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $13.50.
Shares of Cemex SAB de CV (NYSE:CX) traded down 2.72% on Monday, hitting $13.21. 14,847,011 shares of the company’s stock traded hands. Cemex SAB de CV has a 1-year low of $9.13 and a 1-year high of $14.37. The stock’s 50-day moving average is $12.83 and its 200-day moving average is $11.79. The company’s market cap is $15.067 billion.
Cemex SAB de CV (NYSE:CX) last released its earnings data on Thursday, February 6th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by $0.10. On average, analysts predict that Cemex SAB de CV will post $-0.09 earnings per share for the current fiscal year.
CEMEX SAB de CV (NYSE:CX) is a Mexico-based company principally engaged, through its subsidiaries, in the cement manufacturing.
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