Cemex S.A.B. de C.V. (CX) Downgraded by BidaskClub

BidaskClub cut shares of Cemex S.A.B. de C.V. (NYSE:CX) from a strong-buy rating to a buy rating in a research report sent to investors on Friday, July 28th.

CX has been the subject of a number of other research reports. Morgan Stanley upgraded shares of Cemex S.A.B. de C.V. from an equal weight rating to an overweight rating and upped their price objective for the company from $8.50 to $11.00 in a research report on Tuesday, April 4th. Longbow Research upgraded shares of Cemex S.A.B. de C.V. from a neutral rating to a buy rating and set a $12.00 price objective for the company in a research report on Friday, March 31st. Zacks Investment Research upgraded shares of Cemex S.A.B. de C.V. from a hold rating to a strong-buy rating and set a $11.00 price objective for the company in a research report on Thursday, April 6th. Berenberg Bank restated a hold rating and issued a $8.40 price objective on shares of Cemex S.A.B. de C.V. in a research report on Thursday, July 27th. Finally, 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 for the company. in a research report on Monday, July 17th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Cemex S.A.B. de C.V. currently has a consensus rating of Buy and a consensus target price of $10.60.

Cemex S.A.B. de C.V. (NYSE:CX) opened at 9.32 on Friday. The company has a 50 day moving average price of $9.76 and a 200-day moving average price of $8.95. Cemex S.A.B. de C.V. has a one year low of $6.91 and a one year high of $10.37. The firm has a market capitalization of $139.79 billion, a PE ratio of 119.49 and a beta of 1.34.

Cemex S.A.B. de C.V. (NYSE:CX) last released its quarterly earnings data on Wednesday, July 26th. The construction company reported $0.18 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.18. Cemex S.A.B. de C.V. had a net margin of 8.34% and a return on equity of 8.94%. The business had revenue of $3.58 billion during the quarter. On average, equities analysts predict that Cemex S.A.B. de C.V. will post $0.57 EPS for the current year.

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Institutional investors have recently made changes to their positions in the company. Weatherly Asset Management L. P. raised its position in shares of Cemex S.A.B. de C.V. by 0.3% in the second quarter. Weatherly Asset Management L. P. now owns 46,503 shares of the construction company’s stock worth $438,000 after buying an additional 140 shares during the last quarter. JFS Wealth Advisors LLC increased its position in Cemex S.A.B. de C.V. by 2.9% in the second quarter. JFS Wealth Advisors LLC now owns 11,306 shares of the construction company’s stock worth $107,000 after buying an additional 315 shares in the last quarter. Bronfman E.L. Rothschild L.P. increased its position in Cemex S.A.B. de C.V. by 3.1% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 11,014 shares of the construction company’s stock worth $100,000 after buying an additional 333 shares in the last quarter. American National Insurance Co. TX increased its position in Cemex S.A.B. de C.V. by 4.0% in the second quarter. American National Insurance Co. TX now owns 17,486 shares of the construction company’s stock worth $165,000 after buying an additional 670 shares in the last quarter. Finally, Quattro Financial Advisors LLC increased its position in Cemex S.A.B. de C.V. by 4.0% in the second quarter. Quattro Financial Advisors LLC now owns 19,735 shares of the construction company’s stock worth $186,000 after buying an additional 759 shares in the last quarter. 39.47% of the stock is owned by hedge funds and other institutional investors.

Cemex S.A.B. de C.V. 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 S.A.B. de C.V. (NYSE:CX)

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