Cemex SAB de CV (CX) Stock Price Down 5.7%
Cemex SAB de CV (NYSE:CX) fell 5.7% during trading on Thursday . The company traded as low as $5.24 and last traded at $5.32. 11,991,843 shares changed hands during mid-day trading, an increase of 40% from the average session volume of 8,558,759 shares. The stock had previously closed at $5.64.
A number of brokerages have recently commented on CX. Exane BNP Paribas cut shares of Cemex SAB de CV from an “outperform” rating to a “neutral” rating in a research report on Tuesday, July 31st. BNP Paribas cut shares of Cemex SAB de CV from an “outperform” rating to a “neutral” rating in a research report on Tuesday, July 31st. Scotiabank cut shares of Cemex SAB de CV from an “outperform” rating to a “sector perform” rating in a research report on Monday, October 29th. ValuEngine cut shares of Cemex SAB de CV from a “sell” rating to a “strong sell” rating in a research report on Wednesday, October 31st. Finally, Zacks Investment Research upgraded shares of Cemex SAB de CV from a “sell” rating to a “hold” rating in a research report on Monday, October 15th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the stock. Cemex SAB de CV has an average rating of “Hold” and an average price target of $8.86.
The stock has a market capitalization of $8.24 billion, a PE ratio of 12.95, a PEG ratio of 0.61 and a beta of 1.72. The company has a current ratio of 0.81, a quick ratio of 0.57 and a debt-to-equity ratio of 0.83.
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About Cemex SAB de CV (NYSE:CX)
CEMEX, SAB. de C.V., together with its subsidiaries, produces, markets, distributes, and sells cement, ready-mix concrete, aggregates, clinker, and other construction materials. The company also offers various complementary construction products, including asphalt products; concrete blocks and roof tiles; architectural products; concrete pipes for storm and sanitary sewers applications; and other precast products comprising rail products, concrete floors, box culverts, bridges, drainage basins, barriers, and parking curbs.
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