Shares of Cemex SAB de CV (NYSE:CX) hit a new 52-week low on Tuesday . The stock traded as low as $7.32 and last traded at $7.44, with a volume of 12163700 shares traded. The stock had previously closed at $7.51.

CX has been the subject of several analyst reports. ValuEngine lowered Cemex SAB de CV from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. BidaskClub lowered Cemex SAB de CV from a “buy” rating to a “hold” rating in a research report on Thursday, August 10th. Zacks Investment Research upgraded Cemex SAB de CV from a “sell” rating to a “hold” rating in a research report on Wednesday, November 15th. J P Morgan Chase & Co decreased their target price on Cemex SAB de CV from $11.20 to $10.60 and set an “overweight” rating for the company in a research report on Monday, October 30th. Finally, Citigroup upgraded Cemex SAB de CV from a “sell” rating to a “neutral” rating and set a $9.00 target price for the company in a research report on Monday, October 23rd. Six equities research analysts have rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $10.76.

The company has a current ratio of 0.74, a quick ratio of 0.54 and a debt-to-equity ratio of 0.88. The firm has a market cap of $10,864.39, a PE ratio of 11.64, a PEG ratio of 0.85 and a beta of 1.31.

Cemex SAB de CV (NYSE:CX) last issued its quarterly earnings data on Thursday, October 26th. The construction company reported $0.14 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by ($0.01). Cemex SAB de CV had a net margin of 8.38% and a return on equity of 8.71%. research analysts anticipate that Cemex SAB de CV will post 0.56 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently modified their holdings of CX. Vanguard Group Inc. boosted its position in Cemex SAB de CV by 5.3% during the 1st quarter. Vanguard Group Inc. now owns 1,553,703 shares of the construction company’s stock worth $14,092,000 after acquiring an additional 77,948 shares during the last quarter. US Bancorp DE boosted its position in Cemex SAB de CV by 110.4% during the 2nd quarter. US Bancorp DE now owns 48,451 shares of the construction company’s stock worth $456,000 after acquiring an additional 25,422 shares during the last quarter. NGAM Advisors L.P. boosted its position in Cemex SAB de CV by 17.0% during the 2nd quarter. NGAM Advisors L.P. now owns 145,276 shares of the construction company’s stock worth $1,368,000 after acquiring an additional 21,062 shares during the last quarter. Janney Montgomery Scott LLC boosted its position in Cemex SAB de CV by 1.9% during the 2nd quarter. Janney Montgomery Scott LLC now owns 69,108 shares of the construction company’s stock worth $651,000 after acquiring an additional 1,261 shares during the last quarter. Finally, Daiwa Securities Group Inc. boosted its position in Cemex SAB de CV by 111.2% during the 2nd quarter. Daiwa Securities Group Inc. now owns 18,597 shares of the construction company’s stock worth $175,000 after acquiring an additional 9,792 shares during the last quarter. Institutional investors and hedge funds own 40.44% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “Cemex SAB de CV (CX) Sets New 1-Year Low at $7.32” was posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this piece of content on another site, it was stolen and republished in violation of US and international trademark & copyright legislation. The legal version of this piece of content can be viewed at https://www.thecerbatgem.com/2017/12/07/cemex-sab-de-cv-cx-sets-new-1-year-low-at-7-32.html.

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.

Receive News & Ratings for Cemex SAB de CV Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cemex SAB de CV and related companies with MarketBeat.com's FREE daily email newsletter.