Cemex S.A.B. de C.V. (CX) : 5 brokerage houses believe that Cemex S.A.B. de C.V. (CX) is a Strong Buy at current levels. 2 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Cemex S.A.B. de C.V. (CX). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 7 Wall Street Analysts endorse the stock as a Buy with a rating of 1.57.
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. has dropped 4.09% in the last five trading days, however, the shares have posted positive gains of 23.36% in the last 4 weeks. CEMEX, S.A.B. de C.V. is up 29.8% in the last 3-month period. Year-to-Date the stock performance stands at 57.77%. Cemex S.A.B. de C.V. (NYSE:CX): On Tuesdays trading session , Opening price of the stock was $8.67 with an intraday high of $8.76. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $8.4. However, the stock managed to close at $8.45, a loss of 1.97% for the day. On the previous day, the stock had closed at $8.62. The total traded volume of the day was 15,338,482 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.