CEMEX (CX) Set to Announce Earnings on Thursday

CEMEX (NYSE:CXGet Free Report) is set to post its quarterly earnings results before the market opens on Thursday, February 8th. Individual that wish to listen to the company’s earnings conference call can do so using this link.

CEMEX Price Performance

Shares of NYSE:CX opened at $8.69 on Wednesday. CEMEX has a twelve month low of $4.72 and a twelve month high of $8.69. The company’s 50 day moving average is $7.72 and its 200 day moving average is $7.26. The company has a current ratio of 0.89, a quick ratio of 0.58 and a debt-to-equity ratio of 0.50. The company has a market cap of $12.59 billion, a PE ratio of 24.83, a price-to-earnings-growth ratio of 0.57 and a beta of 1.47.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. StockNews.com raised shares of CEMEX from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, December 12th. Bank of America raised shares of CEMEX from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $8.20 to $9.00 in a research note on Tuesday, January 9th. Finally, Citigroup reaffirmed a “buy” rating and set a $8.20 price objective on shares of CEMEX in a research note on Thursday, November 2nd. Four research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and an average price target of $9.37.

View Our Latest Stock Report on CEMEX

Institutional Investors Weigh In On CEMEX

A number of institutional investors have recently added to or reduced their stakes in CX. HighTower Advisors LLC grew its stake in CEMEX by 8.1% in the 1st quarter. HighTower Advisors LLC now owns 255,170 shares of the construction company’s stock valued at $1,349,000 after acquiring an additional 19,051 shares during the period. Private Advisor Group LLC lifted its holdings in CEMEX by 164.4% in the 1st quarter. Private Advisor Group LLC now owns 38,153 shares of the construction company’s stock valued at $202,000 after purchasing an additional 23,725 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in CEMEX by 58.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 15,387 shares of the construction company’s stock valued at $80,000 after purchasing an additional 5,676 shares in the last quarter. Natixis Advisors L.P. lifted its holdings in CEMEX by 23.6% in the 1st quarter. Natixis Advisors L.P. now owns 278,056 shares of the construction company’s stock valued at $1,471,000 after purchasing an additional 53,124 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in CEMEX by 3.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 8,277,600 shares of the construction company’s stock valued at $43,789,000 after purchasing an additional 270,749 shares in the last quarter. Institutional investors and hedge funds own 31.81% of the company’s stock.

CEMEX Company Profile

(Get Free Report)

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 asphalt, concrete blocks, concrete block paving, rail sleepers, and flooring systems; architectural concrete products; and box culverts, bridges, drainage basins, barriers, and parking curbs.

Featured Articles

Earnings History for CEMEX (NYSE:CX)

Receive News & Ratings for CEMEX Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CEMEX and related companies with MarketBeat.com's FREE daily email newsletter.