Short Term Price Target on Cemex S.A.B. de C.V. (CX)

Cemex S.A.B. de C.V. (NYSE:CX) : The highest short term price target forecast on Cemex S.A.B. de C.V. (NYSE:CX) is $10 and the lowest target price is $7. A total of 8 equity analysts are currently covering the company. The average price of all the analysts is $8.52 with a standard deviation of $0.94.

CEMEX, S.A.B. de C.V. has lost 9.26% in the last five trading days and dropped 2.06% in the last 4 weeks. CEMEX, S.A.B. de C.V. has dropped 11.61% during the last 3-month period . Year-to-Date the stock performance stands at 15.2%. Also, Citigroup reinstates its view on Cemex S.A.B. de C.V. (NYSE:CX) according to the research report released by the firm to its investors. The shares have now been rated Neutral by the stock experts at the ratings house. Citigroup raises the price target from $7 per share to $8.3 per share on Cemex S.A.B. de C.V.. The rating by the firm was issued on April 26, 2016.

Cemex S.A.B. de C.V. (NYSE:CX) has an average broker rating of 1.44, which is interpreted as a Strong Buy, as rated by 9 equity analysts. Nonetheless, 7 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 2 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.

Cemex S.A.B. de C.V. (NYSE:CX): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $5.96 and $5.81 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $6.19. The buying momentum continued till the end and the stock did not give up its gains. It closed at $6.17, notching a gain of 4.58% for the day. The total traded volume was 17,704,754 . The stock had closed at $5.90 on the previous day.

CEMEX, S.A.B. 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 more than 50 countries throughout the world. The Company operates in geographical segments: Mexico, United States, Northern Europe, Mediterranean, South America and the Caribbean (SAC), and Asia. Its types of cement include Gray Ordinary Portland Cement, White Portland Cement, Masonry or Mortar, Oil-well Cement and Blended Cement. The Companys main cement production facilities are located in Mexico, the United States, Spain, Egypt, Germany, Colombia, the Philippines, Poland, the Dominican Republic, the United Kingdom, Croatia, Panama, Latvia, Puerto Rico, Thailand, Costa Rica and Nicaragua.

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