Press coverage about Cemex (NYSE:CX) has trended somewhat positive recently, Accern reports. The research firm rates the sentiment of news coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Cemex earned a news sentiment score of 0.11 on Accern’s scale. Accern also assigned news stories about the construction company an impact score of 45.5063928728795 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the news stories that may have impacted Accern Sentiment Analysis’s scoring:
- CEMEX (NYSE:CX) – Analysts’ Suggestions in the Limelight (nasdaqjournal.com)
- Global Limestone Market 2018 Vendors- Cemex, Graymont, Nittetsu Mining (exclusivereportage.com)
- CEMEX Benefits from Bobcat Telehandler Versatility (hub-4.com)
- Global Concrete and Cement Market 2018 Merchants – Holcim and Cemex (exclusivereportage.com)
- CEMEX Ventures invests in PRYSMEX (worldcement.com)
CX has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of Cemex from a “sell” rating to a “hold” rating in a report on Thursday, February 1st. Longbow Research lowered shares of Cemex from a “buy” rating to a “neutral” rating and set a $12.00 price objective on the stock. in a report on Friday, April 27th. Bank of America decreased their price objective on shares of Cemex from $8.70 to $8.00 and set a “neutral” rating on the stock in a report on Monday, March 5th. ValuEngine lowered shares of Cemex from a “sell” rating to a “strong sell” rating in a report on Wednesday, May 2nd. Finally, JPMorgan Chase & Co. restated an “overweight” rating and issued a $10.00 price objective (down from $10.60) on shares of Cemex in a report on Wednesday, March 14th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $9.34.
Cemex (NYSE:CX) last announced its earnings results on Thursday, April 26th. The construction company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.03). Cemex had a return on equity of 4.33% and a net margin of 3.58%. The business had revenue of $3.38 billion for the quarter. research analysts forecast that Cemex will post 0.6 earnings per share for the current year.
CEMEX, SAB. de C.V., together with its subsidiaries, produces, markets, distributes, and sells cement, ready-mix concrete, aggregates, clinker, and other construction materials. The company also offers various complementary construction products, including asphalt products; concrete blocks and roof tiles; architectural products; concrete pipes for storm and sanitary sewers applications; and other precast products comprising rail products, concrete floors, box culverts, bridges, drainage basins, barriers, and parking curbs.
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