The stock of Cemex SAB de CV (ADR) (NYSE:CX) is a huge mover today! The stock decreased 3.05% or $0.25 during the last trading session, hitting $7.94. About 14.60M shares traded hands or 22.28% up from the average. Cemex SAB de CV (ADR) (NYSE:CX) has risen 49.05% since February 29, 2016 and is uptrending. It has outperformed by 38.63% the S&P500.
The move comes after 6 months negative chart setup for the $11.31B company. It was reported on Oct, 1 by Barchart.com. We have $7.38 PT which if reached, will make NYSE:CX worth $791.70M less.
Analysts await Cemex SAB de CV (ADR) (NYSE:CX) to report earnings on October, 27. They expect $0.04 EPS, up 233.33% or $0.07 from last year’s $-0.03 per share. CX’s profit will be $56.98M for 49.63 P/E if the $0.04 EPS becomes a reality. After $0.14 actual EPS reported by Cemex SAB de CV (ADR) for the previous quarter, Wall Street now forecasts -71.43% negative EPS growth.
Cemex SAB de CV (ADR) (NYSE:CX) Ratings Coverage
Out of 13 analysts covering CEMEX S.A.B. de C.V. (NYSE:CX), 7 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 54% are positive. CEMEX S.A.B. de C.V. has been the topic of 24 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The stock of Cemex SAB de CV (ADR) (NYSE:CX) has “Outperform” rating given on Friday, March 18 by Credit Suisse. Berenberg initiated the shares of CX in a report on Friday, September 2 with “Hold” rating. The firm earned “Equal-Weight” rating on Monday, January 25 by Barclays Capital. The firm has “Hold” rating given on Monday, August 15 by Santander. As per Friday, January 8, the company rating was downgraded by Macquarie Research. As per Wednesday, April 6, the company rating was downgraded by Scotia Capital. JP Morgan maintained Cemex SAB de CV (ADR) (NYSE:CX) on Monday, August 15 with “Overweight” rating. The firm has “Neutral” rating by Citigroup given on Thursday, October 22. Jefferies upgraded the stock to “Buy” rating in Friday, January 29 report. The firm earned “Buy” rating on Monday, March 21 by BB&T Capital.
According to Zacks Investment Research, “CEMEX is one of the largest cement companies in the world, with close to 78 million metric tons of production capacity. Through operating subsidiaries in four continents, they are engaged in the production, distribution, marketing and sale of cement, ready-mix concrete, aggregates and clinker. They are also the world’s leading producer of white cement and the world’s largest trader of cement and clinker.”
More news for Cemex SAB de CV (ADR) (NYSE:CX) were recently published by: Marketwatch.com, which released: “/quotes/zigman/3870025/realtime” on June 15, 2009. Quotes.Wsj.com‘s article titled: “DOW JONES, A NEWS CORP COMPANY” and published on February 11, 2011 is yet another important article.
CX Company Profile
CEMEX, S.A.B. de C.V. (CEMEX), incorporated on June 11, 1920, is an operating and holding firm 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 clients and communities in over 50 countries throughout the world. The Firm operates in various locations, including Mexico, the United States, Europe, South America, Central America, the Caribbean, Asia, the Middle East and Africa. The Company’s cement production facilities are located in Mexico, the United States, Spain, Egypt, Germany, Colombia, the Philippines, Poland, the Dominican Republic, the United Kingdom, Panama, Latvia, Puerto Rico, Thailand, Costa Rica and Nicaragua.
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