CEMEX (NYSE:CX – Get Free Report) was upgraded by analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a report released on Friday.
A number of other analysts have also weighed in on CX. Bank of America lowered shares of CEMEX from a “buy” rating to a “neutral” rating and set a $9.00 price target for the company. in a report on Wednesday. Barclays lowered shares of CEMEX from an “overweight” rating to an “equal weight” rating and set a $9.00 target price for the company. in a report on Friday, February 9th. Finally, The Goldman Sachs Group lifted their target price on shares of CEMEX from $9.00 to $10.00 and gave the stock a “buy” rating in a report on Friday. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $9.53.
View Our Latest Stock Report on CEMEX
CEMEX Price Performance
CEMEX (NYSE:CX – Get Free Report) last issued its quarterly earnings results on Thursday, February 8th. The construction company reported ($0.30) earnings per share for the quarter. The company had revenue of $4.24 billion during the quarter. CEMEX had a net margin of 1.06% and a return on equity of 1.50%. As a group, equities research analysts forecast that CEMEX will post 0.88 earnings per share for the current year.
Institutional Investors Weigh In On CEMEX
Institutional investors have recently added to or reduced their stakes in the stock. Capital International Investors lifted its position in CEMEX by 0.5% during the 4th quarter. Capital International Investors now owns 28,003,151 shares of the construction company’s stock worth $217,024,000 after buying an additional 152,587 shares in the last quarter. Principal Financial Group Inc. lifted its position in CEMEX by 7.9% during the 4th quarter. Principal Financial Group Inc. now owns 20,833,868 shares of the construction company’s stock worth $161,462,000 after buying an additional 1,521,007 shares in the last quarter. Acadian Asset Management LLC lifted its position in CEMEX by 41.4% during the 3rd quarter. Acadian Asset Management LLC now owns 18,924,664 shares of the construction company’s stock worth $122,996,000 after buying an additional 5,542,723 shares in the last quarter. Schroder Investment Management Group lifted its position in CEMEX by 17.6% during the 4th quarter. Schroder Investment Management Group now owns 9,840,263 shares of the construction company’s stock worth $76,262,000 after buying an additional 1,471,407 shares in the last quarter. Finally, American Century Companies Inc. lifted its position in CEMEX by 3.4% during the 3rd quarter. American Century Companies Inc. now owns 9,744,804 shares of the construction company’s stock worth $63,341,000 after buying an additional 318,541 shares in the last quarter. 82.97% of the stock is owned by institutional investors.
About 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 and services worldwide. The company offers gray ordinary portland, white portland, oil-well, and blended cement products; mortar; and standard ready-mix, architectural and decorative, rapid-setting, fiber-reinforced, fluid-fill, roller-compacted, self-consolidating, pervious, and antibacterial, and other concrete products.
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