Cemex SAB de CV (CX) Given Consensus Recommendation of “Hold” by Brokerages
Shares of Cemex SAB de CV (NYSE:CX) have been assigned a consensus rating of “Hold” from the thirteen ratings firms that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $10.07.
A number of equities research analysts have commented on the stock. Bank of America reduced their price target on shares of Cemex SAB de CV from $8.70 to $8.00 and set a “neutral” rating for the company in a report on Monday. Zacks Investment Research cut shares of Cemex SAB de CV from a “hold” rating to a “sell” rating in a report on Tuesday, December 19th. ValuEngine cut shares of Cemex SAB de CV from a “buy” rating to a “hold” rating in a report on Thursday. UBS Group cut shares of Cemex SAB de CV from a “buy” rating to a “sell” rating and reduced their price target for the stock from $7.62 to $6.50 in a report on Thursday, February 15th. Finally, Citigroup upgraded shares of Cemex SAB de CV from a “neutral” rating to a “buy” rating and set a $10.00 price target for the company in a report on Tuesday, December 19th.
Cemex SAB de CV (CX) traded down $0.03 during trading hours on Wednesday, reaching $6.89. 6,960,000 shares of the company’s stock were exchanged, compared to its average volume of 10,850,000. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.64 and a quick ratio of 0.47. The firm has a market capitalization of $10,110.00, a PE ratio of 16.40, a price-to-earnings-growth ratio of 0.85 and a beta of 1.48. Cemex SAB de CV has a 1-year low of $6.45 and a 1-year high of $10.37.
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Cemex SAB de CV Company Profile
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.
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