CEMEX, S.A.B. de C.V., together with its subsidiaries, produces, markets, distributes, and sells cement, ready-mix concrete, aggregates, urbanization solutions, and other construction materials worldwide. The company also offers various complementary construction products, including asphalt products; concrete blocks; roof tiles; architectural products; concrete pipes for storm and sanitary sewers applications; and other precast products, such as rail products, concrete floors, box culverts, bridges, drainage basins, barriers, and parking curbs. In addition, it provides building solutions for housing solutions, pavement solutions, and green building services; cement trade maritime services; and information technology solutions. The company operates approximately 2,000 retail stores. CEMEX, S.A.B. de C.V. was founded in 1906 and is headquartered in San Pedro Garza García, Mexico.
Wall Street Analyst Weigh In
Several equities research analysts have commented on CX shares. Berenberg Bank lowered CEMEX from a "buy" rating to a "hold" rating in a research report on Friday, June 10th. TheStreet lowered CEMEX from a "b-" rating to a "c+" rating in a research report on Wednesday, April 27th. Credit Suisse Group raised CEMEX from a "neutral" rating to an "outperform" rating and set a $6.70 target price for the company in a research note on Wednesday, April 20th. Finally, StockNews.com raised CEMEX from a "hold" rating to a "buy" rating in a research note on Wednesday, April 20th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, CEMEX has a consensus rating of "Moderate Buy" and a consensus price target of $8.62.
CEMEX Trading Up 1.3 %
CEMEX stock traded up $0.06 during midday trading on Friday, reaching $4.59. 86,157 shares of the stock traded hands, compared to its average volume of 3,614,810. The company has a 50-day simple moving average of $3.96 and a two-hundred day simple moving average of $4.61. CEMEX has a 12-month low of $3.22 and a 12-month high of $8.28. The firm has a market cap of $6.75 billion, a PE ratio of 24.21, a price-to-earnings-growth ratio of 0.63 and a beta of 1.32. The company has a current ratio of 0.87, a quick ratio of 0.60 and a debt-to-equity ratio of 0.70.