CEMEX, S.A.B. de C.V. (NYSE:CX) Receives Average Recommendation of “Buy” from Analysts

CEMEX, S.A.B. de C.V. (NYSE:CXGet Free Report) has earned an average recommendation of “Buy” from the four brokerages that are presently covering the company, Marketbeat.com reports. Four equities research analysts have rated the stock with a buy rating. The average 1 year target price among brokers that have covered the stock in the last year is $9.37.

CX has been the topic of several research analyst reports. Bank of America upgraded shares of CEMEX from a “neutral” rating to a “buy” rating and lifted their target price for the company from $8.20 to $9.00 in a research report on Tuesday, January 9th. Barclays lowered shares of CEMEX from an “overweight” rating to an “equal weight” rating and set a $9.00 price target on the stock. in a research report on Friday. StockNews.com upgraded shares of CEMEX from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, December 12th. Finally, Citigroup restated a “buy” rating and set a $8.20 price target on shares of CEMEX in a research report on Thursday, November 2nd.

View Our Latest Report on CX

Institutional Investors Weigh In On CEMEX

A number of institutional investors and hedge funds have recently made changes to their positions in CX. Creative Financial Designs Inc. ADV purchased a new stake in CEMEX during the 4th quarter worth approximately $26,000. Blue Trust Inc. grew its holdings in CEMEX by 65.0% during the 4th quarter. Blue Trust Inc. now owns 5,232 shares of the construction company’s stock worth $41,000 after acquiring an additional 2,062 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in CEMEX by 40.6% during the 3rd quarter. PNC Financial Services Group Inc. now owns 8,501 shares of the construction company’s stock worth $55,000 after acquiring an additional 2,454 shares in the last quarter. Atlas Capital Advisors LLC grew its holdings in CEMEX by 678.4% during the 2nd quarter. Atlas Capital Advisors LLC now owns 9,247 shares of the construction company’s stock worth $65,000 after acquiring an additional 8,059 shares in the last quarter. Finally, Headlands Technologies LLC acquired a new position in CEMEX during the 2nd quarter worth approximately $67,000. 31.81% of the stock is owned by hedge funds and other institutional investors.

CEMEX Stock Down 8.7 %

CX opened at $7.98 on Friday. CEMEX has a fifty-two week low of $4.72 and a fifty-two week high of $8.81. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.58 and a current ratio of 0.89. The company has a fifty day moving average of $7.78 and a two-hundred day moving average of $7.28. The stock has a market capitalization of $11.56 billion, a price-to-earnings ratio of 22.80, a PEG ratio of 0.58 and a beta of 1.47.

About CEMEX

(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.

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