Cemex SAB de CV (CX) Receives Average Recommendation of “Buy” from Analysts

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.

A number of hedge funds and other institutional investors have recently modified their holdings of CX. Bank of New York Mellon Corp increased its holdings in shares of Cemex SAB de CV by 21.7% in the second quarter. Bank of New York Mellon Corp now owns 25,719 shares of the construction company’s stock valued at $242,000 after purchasing an additional 4,578 shares during the period. PNC Financial Services Group Inc. increased its holdings in shares of Cemex SAB de CV by 11.5% in the second quarter. PNC Financial Services Group Inc. now owns 92,458 shares of the construction company’s stock valued at $871,000 after purchasing an additional 9,526 shares during the period. Northern Trust Corp increased its holdings in shares of Cemex SAB de CV by 8.4% in the second quarter. Northern Trust Corp now owns 1,876,191 shares of the construction company’s stock valued at $17,674,000 after purchasing an additional 145,841 shares during the period. Vanguard Group Inc. increased its holdings in shares of Cemex SAB de CV by 119.4% in the second quarter. Vanguard Group Inc. now owns 3,409,125 shares of the construction company’s stock valued at $32,114,000 after purchasing an additional 1,855,422 shares during the period. Finally, Suntrust Banks Inc. increased its holdings in shares of Cemex SAB de CV by 5.6% in the second quarter. Suntrust Banks Inc. now owns 60,323 shares of the construction company’s stock valued at $568,000 after purchasing an additional 3,211 shares during the period. Institutional investors own 39.56% of the company’s stock.

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.

Analyst Recommendations for Cemex SAB de CV (NYSE:CX)

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.

Leave a Reply