Cemex S.A.B. de C.V. (CX) : The consensus on Cemex S.A.B. de C.V. (CX) based on 8 analyst recommendation on the company stock is 1.75, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 5 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 3 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.
Cemex S.A.B. de C.V. (CX) : 6 Wall Street analysts covering Cemex S.A.B. de C.V. (CX) believe that the average level the stock could reach for the short term is $9.29. The maximum price target given is $11 and the minimum target for short term is around $8, hence the standard deviation is calculated at $1.09.
Also, Goldman Sachs initiates coverage on Cemex S.A.B. de C.V. (NYSE:CX). The current rating of the shares is Buy, according to the research report released by the firm. The brokerage firm announces the price target at $10.4 per share. The rating by the firm was issued on September 6, 2016.
Cemex S.A.B. de C.V. (NYSE:CX): The stock opened in the green at $7.55 on Thursday, but the bulls found it difficult to push the prices higher. The stock reached a high of $7.62 and a low of $7.46 for the day. The stock did not find buyers even at the lows and closed at $7.55 recording a loss of -0.13%. 7,702,474 shares exchanged hands during the trading day. The stock had closed at $7.56 in the previous days trading.
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.