Can Cemex S.A.B. De C.V. ADR (CX) stock recover despite sales dropping?

In yesterday’s Wall Street session, Cemex S.A.B. De C.V. ADR (NYSE:CX) shares traded at $6.88, up 1.33% from the previous session.

20 analysts cover Cemex S.A.B. De C.V. ADR (NYSE:CX), according to research data. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $14.00 and a low of $5.70, we find $9.00. Given the previous closing price of $6.79, this indicates a potential upside of 32.55 percent. CX stock price is now 3.75% away from the 50-day moving average and 7.67% away from the 200-day moving average. The market capitalization of the company currently stands at $10.40B.

The stock has received a hold rating from 5 analysts and a buy rating from 13. Brokers who have rated the stock have averaged $9.22 as their price target over the next twelve months.

A total of 0.00% of the company’s stock is owned by insiders.

On Wednesday morning Cemex S.A.B. De C.V. ADR (NYSE: CX) stock kicked off with the opening price of $6.79. During the past 12 months, Cemex S.A.B. De C.V. ADR has had a low of $3.98 and a high of $8.46. As of last week, the company has a debt-to-equity ratio of 0.62, 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 $18.05B, which is based on a 22.08 price-to-earnings ratio, a 1.62 price-to-earnings-growth ratio, and a beta of 1.42. The fifty day moving average price for CX is $6.63 and a two-hundred day moving average price translates $6.39 for the stock.

The latest earnings results from Cemex S.A.B. De C.V. ADR (NYSE: CX) was released for Sep, 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 $0.16 EPS in the same period last year. The net profit margin was 2.69% and return on equity was 4.00% for CX. The company reported revenue of $4.57 billion for the quarter, compared to $3.96 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 15.55 percent. For the current quarter, analysts expect CX to generate $4.49B in revenue.

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.

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