Cemex (NYSE:CX - Get Free Report)'s stock had its "sector perform" rating reaffirmed by Scotiabank in a research report issued to clients and investors on Tuesday, Marketbeat Ratings reports. They currently have a $11.10 price objective on the construction company's stock. Scotiabank's price target points to a potential upside of 16.05% from the stock's current price.
Several other analysts have also weighed in on CX. The Goldman Sachs Group lifted their target price on shares of Cemex from $10.00 to $11.00 and gave the company a "buy" rating in a research report on Friday. JPMorgan Chase & Co. upgraded Cemex from a "neutral" rating to an "overweight" rating and raised their target price for the stock from $8.10 to $10.50 in a research report on Tuesday, August 26th. Wall Street Zen upgraded Cemex from a "hold" rating to a "buy" rating in a research report on Sunday. Citigroup cut Cemex from a "buy" rating to a "neutral" rating and lifted their price objective for the company from $9.00 to $10.00 in a report on Monday, October 13th. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Cemex in a report on Wednesday, October 8th. Four investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $9.52.
View Our Latest Stock Analysis on Cemex
Cemex Price Performance
Shares of CX stock opened at $9.57 on Tuesday. Cemex has a 12 month low of $4.89 and a 12 month high of $9.97. The company has a market capitalization of $13.86 billion, a P/E ratio of 9.38, a P/E/G ratio of 1.39 and a beta of 1.51. The stock has a 50 day moving average of $9.13 and a two-hundred day moving average of $7.65. The company has a current ratio of 0.86, a quick ratio of 0.61 and a debt-to-equity ratio of 0.37.
Cemex (NYSE:CX - Get Free Report) last issued its earnings results on Thursday, July 24th. The construction company reported $0.23 EPS for the quarter, beating analysts' consensus estimates of $0.18 by $0.05. Cemex had a return on equity of 6.89% and a net margin of 9.61%.The business had revenue of $4.13 billion during the quarter, compared to analyst estimates of $4.20 billion. As a group, equities analysts expect that Cemex will post 0.69 EPS for the current year.
Hedge Funds Weigh In On Cemex
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Shilanski & Associates Inc. bought a new position in shares of Cemex in the third quarter valued at about $270,000. Diversified Trust Co acquired a new stake in Cemex during the third quarter worth approximately $127,000. Archford Capital Strategies LLC increased its stake in shares of Cemex by 14.2% during the third quarter. Archford Capital Strategies LLC now owns 23,063 shares of the construction company's stock worth $207,000 after purchasing an additional 2,860 shares during the period. Burns Matteson Capital Management LLC acquired a new stake in Cemex during the 3rd quarter worth approximately $225,000. Finally, Blue Trust Inc. boosted its stake in Cemex by 28.1% in the 3rd quarter. Blue Trust Inc. now owns 33,592 shares of the construction company's stock valued at $302,000 after purchasing an additional 7,370 shares during the period. 82.97% of the stock is owned by institutional investors.
About Cemex
(
Get Free Report)
CEMEX, SAB. de C.V., together with its subsidiaries, produces, markets, distributes, and sells cement, ready-mix concrete, aggregates, urbanization solutions, and other construction materials and services worldwide. The company offers gray ordinary portland, white portland, oil-well, and blended cement products; mortar; and standard ready-mix, architectural and decorative, rapid-setting, fiber-reinforced, fluid-fill, roller-compacted, self-consolidating, pervious, and antibacterial, and other concrete products.
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