HSBC upgraded shares of CEMEX SAB de CV (NYSE:CX) from a hold rating to a buy rating in a report released on Monday. They currently have $9.00 price target on the stock.

Other analysts also recently issued research reports about the stock. Morgan Stanley reiterated an equal weight rating on shares of CEMEX SAB de CV in a report on Monday, August 15th. Vetr upgraded shares of CEMEX SAB de CV from a buy rating to a strong-buy rating and set a $9.74 price objective for the company in a report on Tuesday, September 6th. Santander downgraded shares of CEMEX SAB de CV from a buy rating to a hold rating in a report on Monday, August 15th. TheStreet upgraded shares of CEMEX SAB de CV from a sell rating to a hold rating in a report on Monday, August 8th. Finally, Bank of America Corp. downgraded shares of CEMEX SAB de CV from a buy rating to a neutral rating in a report on Wednesday, November 9th. Nine investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. CEMEX SAB de CV currently has a consensus rating of Buy and an average price target of $8.89.

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

Shares of CEMEX SAB de CV (NYSE:CX) opened at 7.79 on Monday. The company has a market capitalization of $109.36 billion, a PE ratio of 194.75 and a beta of 1.98. CEMEX SAB de CV has a 52 week low of $3.50 and a 52 week high of $9.35. The firm’s 50-day moving average price is $8.40 and its 200 day moving average price is $7.47.

A number of hedge funds have recently modified their holdings of CX. DUPONT CAPITAL MANAGEMENT Corp boosted its position in CEMEX SAB de CV by 20.8% in the second quarter. DUPONT CAPITAL MANAGEMENT Corp now owns 3,693,227 shares of the company’s stock valued at $22,787,000 after buying an additional 636,825 shares during the last quarter. Brandes Investment Partners LP boosted its position in CEMEX SAB de CV by 3.1% in the second quarter. Brandes Investment Partners LP now owns 40,152,003 shares of the company’s stock valued at $247,738,000 after buying an additional 1,193,621 shares during the last quarter. British Airways Pensions Investment Management Ltd boosted its position in CEMEX SAB de CV by 4.0% in the second quarter. British Airways Pensions Investment Management Ltd now owns 146,549 shares of the company’s stock valued at $908,000 after buying an additional 5,635 shares during the last quarter. Creative Planning boosted its position in CEMEX SAB de CV by 7.9% in the second quarter. Creative Planning now owns 24,347 shares of the company’s stock valued at $150,000 after buying an additional 1,775 shares during the last quarter. Finally, Janney Montgomery Scott LLC bought a new position in CEMEX SAB de CV during the second quarter valued at approximately $115,000. Hedge funds and other institutional investors own 34.67% of the company’s stock.

About CEMEX SAB de CV

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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