Cemex SAB De CV (NYSE:CX) Receives An Update From Brokers

Patrice Gainsbourg
Julho 11, 2017

Basically, a price target is an individual analyst's projection on the future price of a stock.

The 200-day SMA, which covers the previous 40 weeks of trading, is commonly used in stock trading to determine the general market trend.

Cemex S.A.B. De C.V. Sponsored (NYSE:CX) has grabbed attention from the analysts, when it saw a value increase of 2.07% or 0.2 points in the last trading session to close at $9.86. Zacks Investment Research raised shares of Cemex S.A.B.de C.V. from a "hold" rating to a "strong-buy" rating and set a $11.00 target price for the company in a report on Thursday, April 6th.

CEMEX, S.A.B.de C.V. (CX) is growing 1.24% to $9.78. Morgan Stanley raised Cemex S.A.B.de C.V. from an "equal weight" rating to an "overweight" rating and lifted their price objective for the company from $8.50 to $11.00 in a research note on Tuesday, April 4th.

03/31/2017 - Cemex S.A.B.de C.V. was upgraded to "buy" by analysts at Longbow Research. Three analysts have rated the stock with a hold rating, eight have given a buy rating and three have given a strong buy rating to the stock. On September 6, 2016 Goldman Sachs initiated coverage setting a rating of "Buy" and establishing a price target of $10.40. At the time of writing, Shares the company recently traded 74.69% away 52-week low and noted price movement 0.20% away from the 52-week high level. (NYSE:CX) opened at 9.86 on Monday. The Market Capitalization of the company stands at 14.54 Billion.

The stock's 50 day moving average is 8.85 and its 200 day moving average is 8.53.

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08/15/2016 - Cemex S.A.B.de C.V. had its "overweight" rating reiterated by analysts at JP Morgan. (NYSE:CX) last announced its quarterly earnings data on Thursday, April 27th. The construction company reported $0.14 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.05 by $0.09. Analysts mean target price for The Southern Company (NYSE:SO) is $34.00 while their mean recommendation is 3.20 (1=Buy, 5=sell).

Cemex SAB de CV now has a yearly EPS of 0.07. If you are reading this piece of content on another domain, it was stolen and republished in violation of global trademark and copyright laws. The legal version of this piece can be viewed at https://transcriptdaily.com/2017/07/06/marshall-wace-asia-ltd-invests-5-61-million-in-cemex-s-a-b-de-c-v-cx-updated-updated.html.

Other hedge funds have also recently modified their holdings of the company. 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.

TRADEMARK VIOLATION NOTICE: "Cemex S.A.B.de C.V. (CX) Earning Somewhat Positive News Coverage, Accern Reports" was first posted by Markets Daily and is owned by of Markets Daily. CEMEX, S.A.B.de C.V. P/E (price to earnings) ratio is 17.8 and Forward P/E ratio of 14.78.

The Relative Volume of the company is 2.15 and Average Volume (3 months) is 8.97 million. Finally, Teza Capital Management LLC purchased a new position in shares of Cemex S.A.B.de C.V. during the first quarter valued at $112,000. Comerica Bank now owns 99,725 shares of the construction company's stock valued at $795,000 after buying an additional 3,528 shares during the last quarter. First Financial Equity Corporation purchased a new position in shares of Cemex S.A.B.de C.V. during the first quarter valued at $101,000. PNC Financial Services Group Inc. now owns 82,932 shares of the construction company's stock worth $752,000 after buying an additional 3,729 shares during the period.

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