CEMEX S.A.B. de C.V. (NYSE:CX) shares traded 1.25% higher at $8.07 on Wall Street last session.
In accordance with the data, 22 analysts cover CEMEX S.A.B. de C.V. (NYSE:CX). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $12.00 and a low of $5.70, we find $9.00. Given the previous closing price of $7.97, this indicates a potential upside of 12.92 percent. CX stock price is now 7.23% away from the 50-day moving average and 36.92% away from the 200-day moving average. The market capitalization of the company currently stands at $11.96B.
It has been rated a hold by 7 analysts and a buy by 13. Brokers who have rated the stock have averaged $9.10 as their price target over the next twelve months.
With the price target enhanced from $6.80 to $7.20, BofA Securities Downgraded its rating from Buy to Neutral for CEMEX S.A.B. de C.V. (NYSE: CX).
A total of 60.00% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in CX stock. A new stake in CEMEX S.A.B. de C.V. shares was purchased by MIRABELLA FINANCIAL SERVICES LLP during the first quarter worth $5,314,000. LEUTHOLD GROUP, LLC invested $4,704,000 in shares of CX during the first quarter. In the first quarter, DORSEY WRIGHT & ASSOCIATES acquired a new stake in CEMEX S.A.B. de C.V. valued at approximately $3,675,000. BECK CAPITAL MANAGEMENT, LLC acquired a new stake in CX for approximately $3,249,000. JUMP FINANCIAL, LLC purchased a new stake in CX valued at around $3,246,000 in the second quarter. In total, there are 332 active investors with 30.00% ownership of the company’s stock.
CEMEX S.A.B. de C.V. (NYSE: CX) opened at $8.22 on Friday. During the past 12 months, CEMEX S.A.B. de C.V. has had a low of $3.20 and a high of $8.46. As of last week, the company has a debt-to-equity ratio of 0.63, a current ratio of 0.90, and a quick ratio of 0.30. According to the stock market information, the enterprise value for the company is $20.02B, which is based on a 20.38 price-to-earnings ratio, a 1.50 price-to-earnings-growth ratio, and a beta of 1.44. The fifty day moving average price for CX is $7.55 and a two-hundred day moving average price translates $5.91 for the stock.
The latest earnings results from CEMEX S.A.B. de C.V. (NYSE: CX) was released for Jun, 2023. The company reported revenue of $4.57 billion for the quarter, compared to $4.03 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 13.36 percent.
Moreover, the firm recently paid out its quarterly dividend on 12/18/2019. Investors who held shares on 12/16/2019 were paid a $0.04962 dividend.
CEMEX S.A.B. de C.V.(CX) Company Profile
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 asphalt, concrete blocks, concrete block paving, rail sleepers, and flooring systems; architectural concrete products; and box culverts, bridges, drainage basins, barriers, and parking curbs. In addition, it provides building and paving solutions; logistic services; retail service through e-commerce platform; and design and engineering services. The company was founded in 1906 and is headquartered in San Pedro Garza García, Mexico.
