In yesterday’s Wall Street session, Cemex S.A.B. De C.V. ADR (NYSE:CX) shares traded at $6.00, up 1.01% from the previous session.
As of this writing, 20 analysts cover Cemex S.A.B. De C.V. ADR (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 $5.94, this indicates a potential upside of 51.52 percent. CX stock price is now -14.02% away from the 50-day moving average and -5.05% away from the 200-day moving average. The market capitalization of the company currently stands at $9.07B.
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There are 5 analysts who have given it a hold rating, whereas 13 have given it a buy rating. 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. ADR (NYSE: CX).
A total of 0.00% 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. ADR shares was purchased by MIRABELLA FINANCIAL SERVICES LLP during the first quarter worth $3,951,000. LEUTHOLD GROUP, LLC invested $3,498,000 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. ADR valued at approximately $2,732,000. BECK CAPITAL MANAGEMENT, LLC acquired a new stake in CX for approximately $2,415,000. JUMP FINANCIAL, LLC purchased a new stake in CX valued at around $2,414,000 in the second quarter. In total, there are 332 active investors with 31.09% ownership of the company’s stock.
Wednesday morning saw Cemex S.A.B. De C.V. ADR (NYSE: CX) opened at $5.88. During the past 12 months, Cemex S.A.B. De C.V. ADR has had a low of $3.40 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 0.89, and a quick ratio of 0.58. According to the stock market information, the enterprise value for the company is $17.02B, which is based on a 15.09 price-to-earnings ratio, a 1.11 price-to-earnings-growth ratio, and a beta of 1.40. The fifty day moving average price for CX is $6.94 and a two-hundred day moving average price translates $6.33 for the stock.
The latest earnings results from Cemex S.A.B. De C.V. ADR (NYSE: CX) was released for Jun, 2023. According to the Building Materials Company, earnings per share came in at $0.18, missing analysts’ expectations of $0.19 by -0.01. This compares to $0.00 EPS in the same period last year. The net profit margin was 3.57% and return on equity was 5.27% for CX. 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. For the current quarter, analysts expect CX to generate $4.49B in revenue.
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. ADR(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.
