Cemex SAB de CV (NYSE:CX) received a $11.00 price target from equities research analysts at Credit Suisse Group AG in a research report issued to clients and investors on Friday. The brokerage presently has a “buy” rating on the stock. Credit Suisse Group AG’s price objective suggests a potential upside of 21.01% from the stock’s previous close.
A number of other analysts have also recently commented on the company. Vetr upgraded Cemex SAB de CV from a “buy” rating to a “strong-buy” rating and set a $13.16 price objective for the company in a research report on Tuesday, March 7th. HSBC Holdings plc upgraded Cemex SAB de CV from a “hold” rating to a “buy” rating in a research report on Tuesday, January 31st. Barclays PLC upped their price objective on Cemex SAB de CV from $10.00 to $11.00 and gave the company a “top pick” rating in a research report on Wednesday, January 25th. Finally, Zacks Investment Research cut Cemex SAB de CV from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 11th. Seven investment analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the stock. Cemex SAB de CV currently has an average rating of “Buy” and a consensus price target of $10.21.
Shares of Cemex SAB de CV (NYSE:CX) opened at 9.09 on Friday. The stock’s 50 day moving average price is $8.90 and its 200-day moving average price is $8.38. The company has a market cap of $127.63 billion, a P/E ratio of 185.51 and a beta of 1.82. Cemex SAB de CV has a 12 month low of $5.49 and a 12 month high of $9.51.
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A number of hedge funds have recently modified their holdings of the company. Dodge & Cox bought a new stake in shares of Cemex SAB de CV during the fourth quarter worth approximately $387,416,000. Norges Bank bought a new stake in shares of Cemex SAB de CV during the fourth quarter worth approximately $28,866,000. Thomas J. Herzfeld Advisors Inc. bought a new stake in shares of Cemex SAB de CV during the fourth quarter worth approximately $1,897,000. Teachers Retirement System of The State of Kentucky bought a new stake in shares of Cemex SAB de CV during the fourth quarter worth approximately $4,930,000. Finally, Banco Santander S.A. bought a new stake in shares of Cemex SAB de CV during the fourth quarter worth approximately $52,977,000. Institutional investors and hedge funds own 36.68% of the company’s stock.
Cemex SAB de CV Company Profile
CEMEX, SAB. 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 over 50 countries throughout the world.
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