Cemex SAB de CV (CX) Rating Lowered to Neutral at UBS Group
Cemex SAB de CV (NYSE:CX) was downgraded by stock analysts at UBS Group from a “buy” rating to a “neutral” rating in a research note issued to investors on Wednesday, The Fly reports.
Several other equities research analysts have also issued reports on the company. JPMorgan Chase & Co. set a $9.00 price target on Cemex SAB de CV and gave the stock a “buy” rating in a research note on Monday, September 24th. Citigroup set a $10.00 price target on Cemex SAB de CV and gave the stock a “buy” rating in a research note on Tuesday, September 4th. Barclays dropped their price target on Cemex SAB de CV from $10.00 to $8.00 and set a “buy” rating for the company in a research note on Friday, October 26th. Zacks Investment Research raised Cemex SAB de CV from a “sell” rating to a “hold” rating in a research note on Monday, October 15th. Finally, HSBC lowered Cemex SAB de CV from a “buy” rating to a “hold” rating and set a $8.00 target price for the company. in a research note on Thursday, August 16th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $8.86.
Cemex SAB de CV stock opened at $4.97 on Wednesday. Cemex SAB de CV has a 52 week low of $4.79 and a 52 week high of $8.51. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.81 and a quick ratio of 0.57. The stock has a market cap of $7.35 billion, a P/E ratio of 12.12, a price-to-earnings-growth ratio of 0.54 and a beta of 1.72.
Cemex SAB de CV Company Profile
CEMEX, SAB. de C.V., together with its subsidiaries, produces, markets, distributes, and sells cement, ready-mix concrete, aggregates, clinker, and other construction materials. The company also offers various complementary construction products, including asphalt products; concrete blocks and roof tiles; architectural products; concrete pipes for storm and sanitary sewers applications; and other precast products comprising rail products, concrete floors, box culverts, bridges, drainage basins, barriers, and parking curbs.
See Also: Swap
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.