Cemex SAB de CV (CX) Stock Rating Reaffirmed by JPMorgan Chase & Co.
JPMorgan Chase & Co. reiterated their overweight rating on shares of Cemex SAB de CV (NYSE:CX) in a research note published on Wednesday. They currently have a $10.00 price target on the construction company’s stock, down from their prior price target of $10.60.
CX has been the topic of a number of other reports. Santander lowered Cemex SAB de CV from a buy rating to a hold rating in a research note on Tuesday, December 19th. Citigroup upgraded Cemex SAB de CV from a neutral rating to a buy rating and set a $10.00 price objective on the stock in a research note on Tuesday, December 19th. ValuEngine lowered Cemex SAB de CV from a buy rating to a hold rating in a research note on Sunday, December 31st. Zacks Investment Research lowered Cemex SAB de CV from a hold rating to a sell rating in a research note on Tuesday, December 12th. Finally, UBS lowered Cemex SAB de CV from a buy rating to a sell rating and decreased their price objective for the company from $7.62 to $6.50 in a research note on Thursday, February 15th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of Hold and an average target price of $9.49.
Shares of Cemex SAB de CV (NYSE CX) opened at $6.94 on Wednesday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.47 and a current ratio of 0.64. Cemex SAB de CV has a one year low of $6.45 and a one year high of $10.37. The stock has a market capitalization of $10,134.26, a price-to-earnings ratio of 15.97, a P/E/G ratio of 0.65 and a beta of 1.48.
A number of hedge funds and other institutional investors have recently made changes to their positions in CX. Stevens Capital Management LP bought a new position in Cemex SAB de CV in the 3rd quarter worth about $197,000. Principal Financial Group Inc. bought a new position in Cemex SAB de CV in the 3rd quarter worth about $19,207,000. FDx Advisors Inc. increased its stake in Cemex SAB de CV by 53.5% in the 3rd quarter. FDx Advisors Inc. now owns 138,325 shares of the construction company’s stock worth $1,256,000 after acquiring an additional 48,198 shares during the last quarter. Teacher Retirement System of Texas bought a new position in Cemex SAB de CV in the 3rd quarter worth about $288,000. Finally, Bank of New York Mellon Corp increased its stake in Cemex SAB de CV by 1,044.4% in the 3rd quarter. Bank of New York Mellon Corp now owns 294,328 shares of the construction company’s stock worth $2,673,000 after acquiring an additional 268,609 shares during the last quarter. Institutional investors and hedge funds own 36.89% of the company’s stock.
COPYRIGHT VIOLATION NOTICE: “Cemex SAB de CV (CX) Stock Rating Reaffirmed by JPMorgan Chase & Co.” was reported by Watch List News and is owned by of Watch List News. If you are reading this news story on another domain, it was copied illegally and republished in violation of U.S. & international copyright & trademark law. The original version of this news story can be read at https://www.watchlistnews.com/cemex-sab-de-cv-cx-stock-rating-reaffirmed-by-jpmorgan-chase-co/1942181.html.
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.
Receive News & Ratings for Cemex SAB de CV Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cemex SAB de CV and related companies with MarketBeat.com's FREE daily email newsletter.