Somewhat Favorable News Coverage Somewhat Unlikely to Impact Cemex S.A.B. de C.V. (CX) Share Price
Media headlines about Cemex S.A.B. de C.V. (NYSE:CX) have been trending somewhat positive on Wednesday, according to Accern. Accern ranks the sentiment of media coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Cemex S.A.B. de C.V. earned a media sentiment score of 0.15 on Accern’s scale. Accern also assigned headlines about the construction company an impact score of 45.9321887633926 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the headlines that may have effected Accern Sentiment Analysis’s rankings:
- Cemex S.A.B. de C.V. (CX) Short Interest Down 14.0% in August (americanbankingnews.com)
- Cemex S.A.B. de C.V. (CX) Cut to “Neutral” at Bank of America Corporation (americanbankingnews.com)
- Carlos Peyrelongue – Benzinga (benzinga.com)
- Is The Stock Worthy? – CEMEX, SAB de CV (NYSE:CX) – Stock Watch (stocksnewstimes.com)
- CEMEX, SAB de CV (CX) – Lookout Watch List stock – Wall Street Morning (wallstreetmorning.com)
Shares of Cemex S.A.B. de C.V. (CX) traded up 3.82% during trading on Wednesday, hitting $9.51. 12,986,478 shares of the stock were exchanged. The firm’s 50 day moving average price is $9.67 and its 200-day moving average price is $8.97. The stock has a market cap of $142.64 billion, a P/E ratio of 121.92 and a beta of 1.34. Cemex S.A.B. de C.V. has a 52 week low of $6.91 and a 52 week high of $10.37. Cemex S.A.B. de C.V. also saw unusually large options trading activity on Monday. Investors purchased 12,565 put options on the company. This represents an increase of approximately 986% compared to the average volume of 1,157 put options.
Cemex S.A.B. de C.V. (NYSE:CX) last announced its quarterly earnings results on Wednesday, July 26th. The construction company reported $0.18 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.18. The company had revenue of $3.58 billion for the quarter. Cemex S.A.B. de C.V. had a net margin of 8.34% and a return on equity of 8.94%. On average, analysts predict that Cemex S.A.B. de C.V. will post $0.59 EPS for the current year.
CX has been the topic of a number of recent research reports. Bank of America Corporation raised shares of Cemex S.A.B. de C.V. from a “neutral” rating to a “buy” rating and raised their price objective for the company from $10.10 to $10.60 in a research note on Tuesday, June 20th. Zacks Investment Research cut shares of Cemex S.A.B. de C.V. from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. Citigroup Inc. cut shares of Cemex S.A.B. de C.V. from a “neutral” rating to a “sell” rating and set a $9.00 price objective on the stock. in a research note on Monday, July 17th. BidaskClub raised shares of Cemex S.A.B. de C.V. from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, July 12th. Finally, Berenberg Bank reaffirmed a “hold” rating and issued a $8.40 price objective on shares of Cemex S.A.B. de C.V. in a research note on Thursday, July 27th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $10.61.
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About Cemex S.A.B. de C.V.
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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