Cemex SAB de CV (CX) PT Set at $9.00 by JPMorgan Chase & Co.

JPMorgan Chase & Co. set a $9.00 price objective on Cemex SAB de CV (NYSE:CX) in a research report released on Monday. The firm currently has a buy rating on the construction company’s stock.

Other equities analysts have also issued research reports about the stock. BNP Paribas lowered shares of Cemex SAB de CV from an outperform rating to a neutral rating in a research report on Tuesday, July 31st. Zacks Investment Research raised shares of Cemex SAB de CV from a sell rating to a hold rating in a research note on Wednesday, June 6th. Exane BNP Paribas downgraded shares of Cemex SAB de CV from an outperform rating to a neutral rating in a research note on Tuesday, July 31st. HSBC downgraded shares of Cemex SAB de CV from a buy rating to a hold rating and set a $8.00 target price on the stock. in a research note on Thursday, August 16th. Finally, Santander raised shares of Cemex SAB de CV from a hold rating to a buy rating in a research note on Wednesday, June 20th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company. The stock presently has an average rating of Hold and a consensus target price of $9.14.

CX stock opened at $6.94 on Monday. Cemex SAB de CV has a 52 week low of $5.72 and a 52 week high of $9.19. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.76 and a quick ratio of 0.55. The firm has a market cap of $10.08 billion, a price-to-earnings ratio of 17.69, a price-to-earnings-growth ratio of 0.75 and a beta of 1.36.

Cemex SAB de CV (NYSE:CX) last released its quarterly earnings data on Thursday, July 26th. The construction company reported $0.25 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.09. Cemex SAB de CV had a net margin of 4.23% and a return on equity of 5.46%. The business had revenue of $3.80 billion during the quarter. research analysts anticipate that Cemex SAB de CV will post 0.55 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Brandes Investment Partners LP raised its stake in shares of Cemex SAB de CV by 9.8% in the second quarter. Brandes Investment Partners LP now owns 53,750,845 shares of the construction company’s stock valued at $353,342,000 after acquiring an additional 4,805,568 shares during the period. BlackRock Inc. raised its stake in shares of Cemex SAB de CV by 67.0% in the second quarter. BlackRock Inc. now owns 22,620,760 shares of the construction company’s stock valued at $148,391,000 after acquiring an additional 9,078,815 shares during the period. Global Thematic Partners LLC increased its stake in Cemex SAB de CV by 2.6% in the 2nd quarter. Global Thematic Partners LLC now owns 10,697,584 shares of the construction company’s stock worth $70,176,000 after buying an additional 268,799 shares during the period. Emerging Sovereign Group LLC increased its stake in Cemex SAB de CV by 248.4% in the 1st quarter. Emerging Sovereign Group LLC now owns 6,738,782 shares of the construction company’s stock worth $44,611,000 after buying an additional 4,804,382 shares during the period. Finally, Macquarie Group Ltd. increased its stake in Cemex SAB de CV by 6.0% in the 2nd quarter. Macquarie Group Ltd. now owns 5,001,264 shares of the construction company’s stock worth $32,808,000 after buying an additional 282,969 shares during the period. 33.19% of the stock is currently owned by institutional investors and hedge funds.

Cemex SAB de CV Company Profile

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.

See Also: Hedge Funds

Analyst Recommendations for Cemex SAB de CV (NYSE:CX)

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