Cemex S.A.B. de C.V. (CX) : 8 analysts are covering Cemex S.A.B. de C.V. (CX) and their average rating on the stock is 1.75, which is read as a Buy. 5 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 3 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Cemex S.A.B. de C.V. (CX) : 6 investment research analysts covering Cemex S.A.B. de C.V. (CX) have an average price target of $9.29 for the near short term. The highest target price given by the Brokerage Firm to the stock is $11 and the lowest target is $8 for the short term. Analysts expect the variance to be within $1.09 of the average price.
For the current week, the company shares have a recommendation consensus of Buy. Also, Major Brokerage house, Santander downgrades its ratings on Cemex S.A.B. de C.V. (NYSE:CX). According to the latest information available, the shares are now rated Hold by the analysts at the agency. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on August 15, 2016.
Cemex S.A.B. de C.V. (NYSE:CX): stock was range-bound between the intraday low of $8.26 and the intraday high of $8.595 after having opened at $8.46 on Wednesdays session. The stock finally closed in the red at $8.46, a loss of -1.99%. The stock remained in the red for the whole trading day. The total traded volume was 11,171,497 shares. The stock failed to cross $8.595 in Wednesdays trading. The stocks closing price on Thursday was $8.53.
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.