CEMEX SAB de CV (NYSE:CX) was downgraded by research analysts at Bank of America Corp. from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Wednesday.

A number of other research analysts also recently weighed in on the stock. Zacks Investment Research downgraded shares of CEMEX SAB de CV from a “buy” rating to a “hold” rating in a research report on Tuesday. Morgan Stanley reissued an “equal weight” rating on shares of CEMEX SAB de CV in a research report on Monday, August 15th. Berenberg Bank started coverage on shares of CEMEX SAB de CV in a research report on Friday, September 2nd. They set a “hold” rating and a $8.30 target price for the company. TheStreet raised shares of CEMEX SAB de CV from a “sell” rating to a “hold” rating in a research report on Monday, August 8th. Finally, JPMorgan Chase & Co. reissued an “overweight” rating and set a $11.00 target price (up from $9.20) on shares of CEMEX SAB de CV in a research report on Monday, August 15th. Nine equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $8.88.

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

CEMEX SAB de CV (NYSE:CX) opened at 7.53 on Wednesday. The firm has a market capitalization of $105.71 billion, a P/E ratio of 183.66 and a beta of 1.98. CEMEX SAB de CV has a 12 month low of $3.50 and a 12 month high of $9.35. The firm’s 50-day moving average is $8.42 and its 200 day moving average is $7.46.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. American National Insurance Co. TX boosted its stake in CEMEX SAB de CV by 4.0% in the second quarter. American National Insurance Co. TX now owns 16,816 shares of the company’s stock valued at $104,000 after buying an additional 645 shares during the period. First Allied Advisory Services Inc. boosted its stake in CEMEX SAB de CV by 18.8% in the second quarter. First Allied Advisory Services Inc. now owns 16,830 shares of the company’s stock valued at $102,000 after buying an additional 2,661 shares during the period. Global Thematic Partners LLC boosted its stake in CEMEX SAB de CV by 4.0% in the second quarter. Global Thematic Partners LLC now owns 16,870 shares of the company’s stock valued at $104,000 after buying an additional 648 shares during the period. Janney Montgomery Scott LLC bought a new stake in CEMEX SAB de CV during the second quarter valued at $115,000. Finally, US Bancorp DE boosted its stake in CEMEX SAB de CV by 152.0% in the third quarter. US Bancorp DE now owns 19,609 shares of the company’s stock valued at $156,000 after buying an additional 11,829 shares during the period. 32.51% of the stock is owned by hedge funds and other institutional investors.

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.

5 Day Chart for NYSE:CX

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