Cemex SAB de CV (NYSE:CX) has received a consensus rating of “Buy” from the thirteen brokerages that are currently covering the stock, Marketbeat.com reports. Six investment analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $10.86.
CX has been the subject of several recent research reports. Citigroup upgraded Cemex SAB de CV from a “neutral” rating to a “buy” rating and set a $10.00 price objective for the company in a research note on Tuesday, December 19th. Santander cut Cemex SAB de CV from a “buy” rating to a “hold” rating in a research note on Tuesday, December 19th. ValuEngine cut Cemex SAB de CV from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Zacks Investment Research upgraded Cemex SAB de CV from a “sell” rating to a “hold” rating in a research note on Wednesday, November 15th. Finally, JPMorgan Chase & Co. decreased their target price on Cemex SAB de CV from $11.20 to $10.60 and set an “overweight” rating for the company in a research note on Monday, October 30th.
Cemex SAB de CV (NYSE CX) opened at $8.12 on Friday. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.74 and a quick ratio of 0.54. The stock has a market capitalization of $11,730.00, a PE ratio of 13.76, a PEG ratio of 1.02 and a beta of 1.32. Cemex SAB de CV has a 52 week low of $7.09 and a 52 week high of $10.37.
ILLEGAL ACTIVITY WARNING: “Cemex SAB de CV (CX) Receives Average Recommendation of “Buy” from Analysts” was originally published by American Banking News and is owned by of American Banking News. If you are accessing this piece of content on another publication, it was stolen and republished in violation of US and international copyright and trademark laws. The correct version of this piece of content can be read at https://www.americanbankingnews.com/2018/02/03/cemex-sab-de-cv-cx-receives-average-recommendation-of-buy-from-analysts.html.
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.
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.