CEMEX, S.A.B. de C.V. (NYSE:CX) Given Consensus Score of “Reasonable Purchase” by Brokerages


Shares of CEMEX, S.A.B. de C.V. (NYSE:CX – Get Score) have been assigned a median score of “Reasonable Purchase” from the 9 analysis companies which might be protecting the inventory, MarketBeat.com reviews. Two analysts have rated the inventory with a maintain score and 6 have assigned a purchase score to the corporate. The typical 12 month value goal amongst analysts which have issued scores on the inventory within the final yr is $8.70.

Quite a lot of equities analysis analysts have not too long ago commented on the corporate. Credit score Suisse Group raised CEMEX from a “impartial” score to an “outperform” score and set a $6.70 goal value on the inventory in a analysis word on Wednesday, April twentieth. TheStreet downgraded CEMEX from a “b-” score to a “c+” score in a analysis word on Wednesday, April twenty seventh. Berenberg Financial institution downgraded CEMEX from a “purchase” score to a “maintain” score in a analysis word on Friday, June tenth. The Goldman Sachs Group downgraded CEMEX from a “purchase” score to a “impartial” score and diminished their value goal for the inventory from $9.20 to $6.00 in a analysis word on Monday, April 4th. Lastly, StockNews.com upgraded CEMEX from a “maintain” score to a “purchase” score in a report on Wednesday, April twentieth.

Quite a lot of hedge funds have not too long ago purchased and offered shares of the inventory. Moors & Cabot Inc. bought a brand new stake in CEMEX through the third quarter value $228,000. Nationwide Financial institution of Canada FI purchased a brand new place in shares of CEMEX through the fourth quarter value about $34,000. Leverty Monetary Group LLC acquired a brand new stake in CEMEX through the fourth quarter value about $67,000. Evergreen Capital Administration LLC acquired a brand new stake in shares of CEMEX within the fourth quarter valued at roughly $69,000. Lastly, Truist Monetary Corp acquired a brand new place in shares of CEMEX through the first quarter valued at roughly $57,000. 33.42% of the inventory is at the moment owned by hedge funds and different institutional traders.

Shares of NYSE CX opened at $3.63 on Wednesday. CEMEX has a 12 month low of $3.22 and a 12 month excessive of $9.09. The corporate has a present ratio of 0.79, a fast ratio of 0.55 and a debt-to-equity ratio of 0.80. The agency has a market capitalization of $5.34 billion, a price-to-earnings ratio of 19.11, a PEG ratio of 0.48 and a beta of 1.35. The enterprise has a 50-day transferring common of $4.26 and a 200-day transferring common of $5.23.

CEMEX (NYSE:CX – Get Score) final launched its quarterly earnings information on Thursday, April twenty eighth. The development firm reported $0.13 earnings per share for the quarter. The agency had income of $3.77 billion through the quarter. CEMEX had a return on fairness of three.38% and a web margin of 1.97%. On common, analysts predict that CEMEX will publish 0.6 earnings per share for the present yr.

CEMEX Firm Profile (Get Score)

CEMEX, SAB. de C.V., along with its subsidiaries, produces, markets, distributes, and sells cement, ready-mix concrete, aggregates, urbanization options, and different building supplies worldwide. The corporate additionally provides numerous complementary building merchandise, together with asphalt merchandise; concrete blocks; roof tiles; architectural merchandise; concrete pipes for storm and sanitary sewers purposes; and different precast merchandise, comparable to rail merchandise, concrete flooring, field culverts, bridges, drainage basins, boundaries, and parking curbs.

See Additionally

Analyst Recommendations for CEMEX (NYSE:CX)

This immediate information alert was generated by narrative science expertise and monetary information from MarketBeat with a view to present readers with the quickest and most correct reporting. This story was reviewed by MarketBeat’s editorial workforce previous to publication. Please ship any questions or feedback about this story to [email protected]

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