BNP Paribas lowered shares of CEMEX (NYSE:CX – Get Rating) from an outperform rating to a neutral rating in a research report sent to investors on Tuesday, Marketbeat.com reports. The brokerage currently has $4.00 price objective on the construction company’s stock.
Several other research firms also recently commented on CX. Berenberg Bank downgraded CEMEX from a buy rating to a hold rating in a report on Friday, June 10th. Exane BNP Paribas cut CEMEX from an outperform rating to a neutral rating in a research report on Tuesday. Finally, StockNews.com cut CEMEX from a strong-buy rating to a buy rating in a research report on Wednesday, August 31st. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of Moderate Buy and an average target price of $7.42.
CEMEX Price Performance
NYSE CX opened at $3.56 on Tuesday. The business has a 50 day simple moving average of $4.05 and a 200 day simple moving average of $4.29. CEMEX has a 52-week low of $3.22 and a 52-week high of $7.57. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.60 and a current ratio of 0.87. The stock has a market cap of $5.24 billion, a price-to-earnings ratio of 18.74, a PEG ratio of 0.51 and a beta of 1.32.
Institutional Trading of CEMEX
CEMEX, SAB. de C.V., together with its subsidiaries, produces, markets, distributes, and sells cement, ready-mix concrete, aggregates, urbanization solutions, and other construction materials worldwide. The company also offers various complementary construction products, including asphalt products; concrete blocks; roof tiles; architectural products; concrete pipes for storm and sanitary sewers applications; and other precast products, such as rail products, concrete floors, box culverts, bridges, drainage basins, barriers, and parking curbs.
- Get a free copy of the StockNews.com research report on CEMEX (CX)
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