Cemex SAB de CV Given Average Recommendation of “Buy” by Analysts (NYSE:CX)
Shares of Cemex SAB de CV (NYSE:CX) have earned an average rating of “Buy” from the seven ratings firms that are covering the company, AmericanBankingNews.com reports. One research analyst has rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $14.25.
Separately, analysts at Jefferies Group reiterated a “hold” rating on shares of Cemex SAB de CV in a research note on Thursday.
Shares of Cemex SAB de CV (NYSE:CX) traded up 0.66% on Friday, hitting $13.509. 8,298,663 shares of the company’s stock traded hands. Cemex SAB de CV has a 52 week low of $8.7788 and a 52 week high of $13.8173. The stock has a 50-day moving average of $12.88 and a 200-day moving average of $12.2. The company’s market cap is $16.607 billion.
Cemex SAB de CV (NYSE:CX) last released its earnings data on Wednesday, April 30th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.17) by $0.07. The company had revenue of $3.59 million for the quarter, compared to the consensus estimate of $3.46 billion. Analysts expect that Cemex SAB de CV will post $-0.16 EPS 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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