A number of other equities analysts have also recently weighed in on the company. Zacks Investment Research cut Cemex SAB de CV from a hold rating to a sell rating in a report on Tuesday. HSBC cut Cemex SAB de CV from a buy rating to a hold rating in a report on Wednesday, September 11th. Finally, Santander cut Cemex SAB de CV from a buy rating to a hold rating in a report on Monday, July 15th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the stock. The stock currently has an average rating of Hold and a consensus price target of $6.00.
Shares of NYSE CX traded up $0.07 during trading on Wednesday, reaching $3.75. The company had a trading volume of 4,984,973 shares, compared to its average volume of 7,323,206. Cemex SAB de CV has a twelve month low of $2.82 and a twelve month high of $6.63. The stock has a market capitalization of $5.50 billion, a PE ratio of 10.71, a price-to-earnings-growth ratio of 0.79 and a beta of 1.44. The stock has a 50-day moving average price of $3.66 and a two-hundred day moving average price of $4.10. The company has a current ratio of 0.74, a quick ratio of 0.53 and a debt-to-equity ratio of 0.83.
Several large investors have recently made changes to their positions in CX. Brandes Investment Partners LP grew its position in shares of Cemex SAB de CV by 2.9% in the second quarter. Brandes Investment Partners LP now owns 63,869,750 shares of the construction company’s stock valued at $271,232,000 after purchasing an additional 1,772,864 shares during the period. Renaissance Technologies LLC grew its position in shares of Cemex SAB de CV by 87.4% in the second quarter. Renaissance Technologies LLC now owns 3,271,300 shares of the construction company’s stock valued at $13,870,000 after purchasing an additional 1,526,100 shares during the period. Parametric Portfolio Associates LLC grew its position in shares of Cemex SAB de CV by 18.3% in the second quarter. Parametric Portfolio Associates LLC now owns 8,051,407 shares of the construction company’s stock valued at $34,138,000 after purchasing an additional 1,245,721 shares during the period. Formula Growth Ltd. grew its position in shares of Cemex SAB de CV by 33.4% in the first quarter. Formula Growth Ltd. now owns 4,210,986 shares of the construction company’s stock valued at $19,539,000 after purchasing an additional 1,055,000 shares during the period. Finally, Provida Pension Fund Administrator purchased a new stake in shares of Cemex SAB de CV in the second quarter valued at $3,826,000. 30.87% of the stock is owned by institutional investors and hedge funds.
About Cemex SAB de CV
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.
Featured Article: Market Perform
To view ValuEngine’s full report, visit ValuEngine’s official website.
Receive News & Ratings for Cemex SAB de CV Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cemex SAB de CV and related companies with MarketBeat.com's FREE daily email newsletter.