Citigroup upgraded shares of Cemex SAB de CV (NYSE:CX) from a neutral rating to a buy rating in a research report released on Tuesday morning. The brokerage currently has $10.00 target price on the construction company’s stock.

A number of other equities analysts also recently issued reports on the stock. Bank of America downgraded shares of Cemex SAB de CV from a buy rating to a neutral rating and increased their price target for the stock from $10.60 to $10.70 in a research note on Tuesday, August 29th. Zacks Investment Research downgraded shares of Cemex SAB de CV from a hold rating to a sell rating in a research note on Wednesday, October 4th. J P Morgan Chase & Co decreased their price target on shares of Cemex SAB de CV from $11.20 to $10.60 and set an overweight rating for the company in a research note on Monday, October 30th. ValuEngine downgraded shares of Cemex SAB de CV from a buy rating to a hold rating in a research note on Friday, December 1st. Finally, Santander downgraded shares of Cemex SAB de CV from a buy rating to a hold rating in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, seven have issued a buy rating and two have given a strong buy rating to the stock. The company presently has a consensus rating of Buy and an average target price of $10.87.

Cemex SAB de CV (NYSE CX) opened at $7.40 on Tuesday. The company has a market cap of $10,820.00, a PE ratio of 11.70, a PEG ratio of 1.14 and a beta of 1.31. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.54 and a current ratio of 0.74. Cemex SAB de CV has a one year low of $7.09 and a one year high of $10.37.

Cemex SAB de CV (NYSE:CX) last released its quarterly earnings results on Thursday, October 26th. The construction company reported $0.14 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.15 by ($0.01). Cemex SAB de CV had a return on equity of 8.71% and a net margin of 8.38%. sell-side analysts predict that Cemex SAB de CV will post 0.52 EPS for the current year.

A number of institutional investors and hedge funds have recently made changes to their positions in CX. Boston Partners grew its holdings in Cemex SAB de CV by 237.6% in the third quarter. Boston Partners now owns 47,249,853 shares of the construction company’s stock worth $429,028,000 after purchasing an additional 33,254,975 shares during the period. Dodge & Cox grew its holdings in Cemex SAB de CV by 13.9% in the second quarter. Dodge & Cox now owns 71,865,916 shares of the construction company’s stock worth $676,977,000 after purchasing an additional 8,781,290 shares during the period. Investec Asset Management LTD purchased a new stake in Cemex SAB de CV in the second quarter worth about $80,758,000. Lazard Asset Management LLC grew its holdings in Cemex SAB de CV by 4,464.4% in the second quarter. Lazard Asset Management LLC now owns 6,150,276 shares of the construction company’s stock worth $57,934,000 after purchasing an additional 6,015,533 shares during the period. Finally, Carmignac Gestion grew its holdings in Cemex SAB de CV by 6.5% in the second quarter. Carmignac Gestion now owns 60,765,076 shares of the construction company’s stock worth $572,407,000 after purchasing an additional 3,726,919 shares during the period. Institutional investors and hedge funds own 40.36% of the company’s stock.

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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.

Analyst Recommendations for Cemex SAB de CV (NYSE:CX)

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