Cemex SAB de CV (NYSE:CX) Stock Rating Upgraded by ValuEngine

Cemex SAB de CV (NYSE:CX) was upgraded by investment analysts at ValuEngine from a “strong sell” rating to a “sell” rating in a research report issued to clients and investors on Thursday, ValuEngine reports.

Other research analysts have also recently issued research reports about the company. Morgan Stanley cut Cemex SAB de CV from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $8.00 to $5.50 in a research report on Monday, April 29th. Goldman Sachs Group initiated coverage on Cemex SAB de CV in a research report on Wednesday, April 10th. They issued a “neutral” rating and a $5.50 price objective for the company. Santander cut Cemex SAB de CV from a “buy” rating to a “hold” rating in a research report on Monday, July 15th. Finally, Zacks Investment Research cut Cemex SAB de CV from a “hold” rating to a “sell” rating in a research report on Monday, July 15th. Two analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. Cemex SAB de CV currently has an average rating of “Hold” and an average price target of $7.50.

Shares of NYSE CX traded down $0.13 during mid-day trading on Thursday, hitting $3.27. 9,987,145 shares of the company were exchanged, compared to its average volume of 7,262,915. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.53 and a current ratio of 0.74. The business’s 50 day moving average is $3.99. Cemex SAB de CV has a 1-year low of $3.22 and a 1-year high of $7.60. The company has a market capitalization of $5.34 billion, a price-to-earnings ratio of 9.34, a price-to-earnings-growth ratio of 0.62 and a beta of 1.47.

Several hedge funds have recently made changes to their positions in the company. Brandes Investment Partners LP increased its position in shares of Cemex SAB de CV by 5.7% in the first quarter. Brandes Investment Partners LP now owns 62,096,886 shares of the construction company’s stock valued at $288,595,000 after buying an additional 3,346,999 shares in the last quarter. Boston Partners increased its position in Cemex SAB de CV by 1.4% during the 1st quarter. Boston Partners now owns 40,141,685 shares of the construction company’s stock worth $186,258,000 after purchasing an additional 544,356 shares in the last quarter. Baillie Gifford & Co. increased its position in Cemex SAB de CV by 2.6% during the 1st quarter. Baillie Gifford & Co. now owns 34,935,830 shares of the construction company’s stock worth $162,102,000 after purchasing an additional 874,059 shares in the last quarter. Global Thematic Partners LLC increased its position in Cemex SAB de CV by 4.8% during the 2nd quarter. Global Thematic Partners LLC now owns 16,162,155 shares of the construction company’s stock worth $68,528,000 after purchasing an additional 736,450 shares in the last quarter. Finally, Rockefeller Capital Management L.P. increased its position in Cemex SAB de CV by 84.5% during the 1st quarter. Rockefeller Capital Management L.P. now owns 9,591,506 shares of the construction company’s stock worth $44,504,000 after purchasing an additional 4,392,239 shares in the last quarter. Institutional investors and hedge funds own 32.32% of the company’s stock.

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

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