Cemex S.A.B. de C.V. (CX) has risen sharply, recording gains of 9.15% in the past 4 weeks. However, the stock has corrected -3.47% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 9.38% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
For the current week, the company shares have a recommendation consensus of Buy. The stock has recorded a twenty day Moving Average of 1.35% and the fifty day Moving Average is 16.22%. CEMEX, S.A.B. de C.V. is up 28.66% in the last three month period. Year-to-Date the stock performance stands at 55.91%.
Cemex S.A.B. de C.V. (CX) : The highest short term price target forecast on Cemex S.A.B. de C.V. (CX) is $11 and the lowest target price is $8. A total of 6 equity analysts are currently covering the company. The average price of all the analysts is $9.29 with a standard deviation of $1.09.
Cemex S.A.B. de C.V. (NYSE:CX): stock turned positive on Friday. Though the stock opened at $8.23, the bulls momentum made the stock top out at $8.47 level for the day. The stock recorded a low of $8.06 and closed the trading day at $8.35, in the green by 2.71%. The total traded volume for the day was 27,534,649. The stock had closed at $8.13 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.