Cemex S.A.B. de C.V. (CX) Receives Price Target

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.

Cemex S.A.B. de C.V. (CX) : The consensus on Cemex S.A.B. de C.V. (CX) based on 7 analyst recommendation on the company stock is 1.57, 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. 2 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.


Also, In a research note released to the investors, Santander downgrades its rating on Cemex S.A.B. de C.V. (NYSE:CX).The analysts at the brokerage house have a current rating of Hold on the shares. Earlier, the shares were rated a Buy by the brokerage firm. The rating by the firm was issued on August 15, 2016.

Cemex S.A.B. de C.V. (NYSE:CX): The stock opened at $8.31 on Thursday but the bulls could not build on the opening and the stock topped out at $8.44 for the day. The stock traded down to $8.26 during the day, due to lack of any buying support eventually closed down at $8.28 with a loss of -0.12% for the day. The stock had closed at $8.29 on the previous day. The total traded volume was 8,887,403 shares.

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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.