According to Zacks, “CEMEX is one of the largest cement companies in the world, with close to 78 million metric tons of production capacity. Through operating subsidiaries in four continents, they are engaged in the production, distribution, marketing and sale of cement, ready-mix concrete, aggregates and clinker. They are also the world’s leading producer of white cement and the world’s largest trader of cement and clinker. “
Other equities research analysts have also recently issued research reports about the stock. ValuEngine upgraded shares of Cemex SAB de CV from a sell rating to a hold rating in a research report on Wednesday, October 2nd. HSBC downgraded Cemex SAB de CV from a buy rating to a hold rating in a research report on Wednesday, September 11th. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company has an average rating of Hold and a consensus target price of $6.00.
NYSE CX traded down $0.07 during trading on Tuesday, hitting $3.54. 235,116 shares of the stock traded hands, compared to its average volume of 7,091,348. The company has a quick ratio of 0.50, a current ratio of 0.69 and a debt-to-equity ratio of 0.89. Cemex SAB de CV has a 12-month low of $2.82 and a 12-month high of $5.63. The firm has a 50-day simple moving average of $3.82 and a 200-day simple moving average of $3.84. The company has a market capitalization of $5.41 billion, a P/E ratio of 10.13 and a beta of 1.43.
Cemex SAB de CV (NYSE:CX) last issued its quarterly earnings data on Thursday, October 24th. The construction company reported $0.11 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.05). The firm had revenue of $3.49 billion for the quarter. Cemex SAB de CV had a return on equity of 1.78% and a net margin of 2.51%. As a group, research analysts predict that Cemex SAB de CV will post 0.26 EPS for the current fiscal year.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. FMR LLC lifted its holdings in Cemex SAB de CV by 27.9% during the 1st quarter. FMR LLC now owns 1,151,305 shares of the construction company’s stock valued at $5,342,000 after buying an additional 251,428 shares in the last quarter. Creative Planning increased its stake in shares of Cemex SAB de CV by 9.8% during the second quarter. Creative Planning now owns 32,233 shares of the construction company’s stock valued at $137,000 after buying an additional 2,883 shares during the period. SG Americas Securities LLC purchased a new position in shares of Cemex SAB de CV during the second quarter valued at $2,568,000. Janney Montgomery Scott LLC increased its stake in shares of Cemex SAB de CV by 21.4% during the second quarter. Janney Montgomery Scott LLC now owns 21,372 shares of the construction company’s stock valued at $91,000 after buying an additional 3,768 shares during the period. Finally, Investec Asset Management North America Inc. raised its holdings in shares of Cemex SAB de CV by 8.8% in the second quarter. Investec Asset Management North America Inc. now owns 2,798,041 shares of the construction company’s stock valued at $11,864,000 after acquiring an additional 225,554 shares in the last quarter. Institutional investors own 33.53% of the company’s stock.
About Cemex SAB de CV
CEMEX, SAB. de C.V., together with its subsidiaries, produces, markets, distributes, and sells cement, ready-mix concrete, aggregates, clinker, and other construction materials. The company also offers various complementary construction products, including asphalt products; concrete blocks and roof tiles; architectural products; concrete pipes for storm and sanitary sewers applications; and other precast products comprising rail products, concrete floors, box culverts, bridges, drainage basins, barriers, and parking curbs.
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