The stock of Cemex SAB de CV (ADR) (NYSE:CX) is a huge mover today! About 7.49M shares traded hands. Cemex SAB de CV (ADR) (NYSE:CX) has risen 35.28% since March 7, 2016 and is uptrending. It has outperformed by 27.69% the S&P500.
The move comes after 6 months positive chart setup for the $11.77B company. It was reported on Oct, 10 by Barchart.com. We have $10.52 PT which if reached, will make NYSE:CX worth $2.82 billion more.
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 $55.52 million for 53.00 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 firm earned “Overweight” rating on Monday, August 15 by JP Morgan. The rating was downgraded by Scotia Capital to “Sector Perform” on Wednesday, April 6. Barclays Capital downgraded the shares of CX in a report on Friday, October 23 to “Equal-Weight” rating. The rating was downgraded by Macquarie Research on Friday, January 8 to “Neutral”. The firm has “Neutral” rating given on Thursday, October 22 by Citigroup. The company was maintained on Monday, January 25 by Barclays Capital. As per Monday, December 14, the company rating was downgraded by Credit Suisse. Credit Suisse upgraded the stock to “Outperform” rating in Friday, March 18 report. The rating was upgraded by Jefferies to “Buy” on Friday, January 29. The stock of Cemex SAB de CV (ADR) (NYSE:CX) earned “Hold” rating by Berenberg on Friday, September 2.
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 recent Cemex SAB de CV (ADR) (NYSE:CX) news were published by: Quotes.Wsj.com which released: “DOW JONES, A NEWS CORP COMPANY” on February 11, 2011. Also Marketwatch.com published the news titled: “/quotes/zigman/3870025/realtime” on June 15, 2009. Benzinga.com‘s news article titled: “Top Performing Industries For October 10, 2016” with publication date: October 10, 2016 was also an interesting one.
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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