Shares of Cemex SAB de CV (NYSE:CX) have received an average recommendation of “Hold” from the eight ratings firms that are currently covering the firm, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $5.14.
CX has been the topic of a number of research analyst reports. Bank of America cut their price target on shares of Cemex SAB de CV from $5.00 to $4.80 and set a “buy” rating on the stock in a report on Thursday, February 13th. Loop Capital initiated coverage on shares of Cemex SAB de CV in a report on Thursday, December 19th. They issued a “hold” rating on the stock. Finally, Zacks Investment Research raised shares of Cemex SAB de CV from a “hold” rating to a “buy” rating and set a $4.75 price target on the stock in a report on Wednesday, February 12th.
Shares of NYSE:CX traded down $0.26 during midday trading on Friday, reaching $3.38. The company had a trading volume of 21,933,000 shares, compared to its average volume of 9,272,219. The company’s 50 day moving average price is $4.02 and its 200 day moving average price is $3.80. The company has a current ratio of 0.85, a quick ratio of 0.66 and a debt-to-equity ratio of 0.86. The stock has a market cap of $5.41 billion, a P/E ratio of 33.80 and a beta of 1.35. Cemex SAB de CV has a 52-week low of $2.82 and a 52-week high of $5.10.
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.
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