ValuEngine cut shares of Cemex S.A.B. de C.V. (NYSE:CX) from a buy rating to a hold rating in a research report released on Saturday morning.

A number of other equities analysts also recently commented on CX. Citigroup Inc. downgraded Cemex S.A.B. de C.V. from a neutral rating to a sell rating and set a $9.00 price objective on the stock. in a report on Monday, July 17th. Berenberg Bank reaffirmed a hold rating and set a $8.40 price objective on shares of Cemex S.A.B. de C.V. in a research report on Thursday, July 27th. BidaskClub cut shares of Cemex S.A.B. de C.V. from a strong-buy rating to a buy rating in a research note on Friday, July 28th. Bank of America Corporation upgraded shares of Cemex S.A.B. de C.V. from a neutral rating to a buy rating and lifted their target price for the company from $10.10 to $10.60 in a research note on Tuesday, June 20th. Finally, Zacks Investment Research downgraded shares of Cemex S.A.B. de C.V. from a buy rating to a hold rating in a research report on Tuesday, July 25th. One research analyst has rated the stock with a sell rating, five have given a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the stock. Cemex S.A.B. de C.V. presently has an average rating of Buy and an average price target of $10.63.

Cemex S.A.B. de C.V. (CX) opened at 9.08 on Friday. Cemex S.A.B. de C.V. has a 52 week low of $6.91 and a 52 week high of $10.37. The stock has a market cap of $136.19 billion, a P/E ratio of 117.92 and a beta of 1.31. The stock has a 50 day moving average of $9.18 and a 200-day moving average of $9.10.

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

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Several institutional investors have recently modified their holdings of CX. Weatherly Asset Management L. P. boosted its holdings in shares of Cemex S.A.B. de C.V. by 0.3% during the 2nd quarter. Weatherly Asset Management L. P. now owns 46,503 shares of the construction company’s stock worth $438,000 after buying an additional 140 shares during the period. JFS Wealth Advisors LLC grew its stake in Cemex S.A.B. de C.V. by 2.9% in the 2nd quarter. JFS Wealth Advisors LLC now owns 11,306 shares of the construction company’s stock valued at $107,000 after buying an additional 315 shares during the last quarter. American National Insurance Co. TX grew its stake in Cemex S.A.B. de C.V. by 4.0% in the 2nd quarter. American National Insurance Co. TX now owns 17,486 shares of the construction company’s stock valued at $165,000 after buying an additional 670 shares during the last quarter. Quattro Financial Advisors LLC raised its holdings in Cemex S.A.B. de C.V. by 4.0% in the 2nd quarter. Quattro Financial Advisors LLC now owns 19,735 shares of the construction company’s stock worth $186,000 after acquiring an additional 759 shares during the period. Finally, First Allied Advisory Services Inc. raised its holdings in Cemex S.A.B. de C.V. by 4.8% in the 2nd quarter. First Allied Advisory Services Inc. now owns 18,812 shares of the construction company’s stock worth $175,000 after acquiring an additional 864 shares during the period. Institutional investors and hedge funds own 40.19% of the company’s stock.

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.

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

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