Cemex S.A.B. de C.V. (NYSE:CX) was downgraded by Bank of America Corporation from a “buy” rating to a “neutral” rating in a research report issued on Tuesday.

A number of other analysts have also recently issued reports on CX. UBS AG raised shares of Cemex S.A.B. de C.V. from a “market perform” rating to an “outperform” rating in a research note on Thursday, May 4th. BidaskClub raised shares of Cemex S.A.B. de C.V. from a “hold” rating to a “buy” rating in a research note on Thursday, June 15th. Citigroup Inc. cut shares of Cemex S.A.B. de C.V. from a “neutral” rating to a “sell” rating and set a $9.00 price objective for the company. in a research note on Monday, July 17th. Zacks Investment Research cut shares of Cemex S.A.B. de C.V. from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. Finally, Berenberg Bank reissued a “hold” rating and issued a $8.40 price objective on shares of Cemex S.A.B. de C.V. in a research note on Thursday, July 27th. One analyst has rated the stock with a sell rating, four have issued a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company’s stock. Cemex S.A.B. de C.V. currently has an average rating of “Buy” and a consensus target price of $10.60.

Shares of Cemex S.A.B. de C.V. (NYSE:CX) traded down 0.66% during midday trading on Tuesday, hitting $9.06. The company had a trading volume of 2,719,537 shares. The company has a market capitalization of $135.89 billion, a price-to-earnings ratio of 117.66 and a beta of 1.34. Cemex S.A.B. de C.V. has a 12-month low of $6.91 and a 12-month high of $10.37. The company’s 50-day moving average price is $9.67 and its 200 day moving average price is $8.97. Cemex S.A.B. de C.V. also was the recipient of unusually large options trading activity on Monday. Investors purchased 12,565 put options on the company. This is an increase of 986% compared to the typical volume of 1,157 put options.

Cemex S.A.B. de C.V. (NYSE:CX) last announced its quarterly earnings data on Wednesday, July 26th. The construction company reported $0.18 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.18. The firm had revenue of $3.58 billion during the quarter. Cemex S.A.B. de C.V. had a net margin of 8.34% and a return on equity of 8.94%. Equities research analysts predict that Cemex S.A.B. de C.V. will post $0.56 earnings per share for the current fiscal year.

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A number of institutional investors have recently bought and sold shares of CX. Bronfman E.L. Rothschild L.P. boosted its position in Cemex S.A.B. de C.V. by 3.1% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 11,014 shares of the construction company’s stock valued at $100,000 after buying an additional 333 shares during the last quarter. Stratos Wealth Partners LTD. bought a new position in Cemex S.A.B. de C.V. during the first quarter valued at $100,000. Neuberger Berman Group LLC bought a new position in Cemex S.A.B. de C.V. during the second quarter valued at $100,000. First Financial Equity Corporation bought a new position in Cemex S.A.B. de C.V. during the first quarter valued at $101,000. Finally, Huntington National Bank boosted its position in Cemex S.A.B. de C.V. by 19.0% in the second quarter. Huntington National Bank now owns 10,775 shares of the construction company’s stock valued at $102,000 after buying an additional 1,722 shares during the last quarter. 40.20% of the stock is owned by institutional investors.

Cemex S.A.B. de C.V. 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.

Analyst Recommendations for Cemex S.A.B. de C.V. (NYSE:CX)

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