The stock of Cemex SAB de CV (ADR) (NYSE:CX) is a huge mover today! About 7.09M shares traded hands. Cemex SAB de CV (ADR) (NYSE:CX) has risen 48.42% since March 15, 2016 and is uptrending. It has outperformed by 42.94% the S&P500.
The move comes after 8 months positive chart setup for the $12.51B company. It was reported on Oct, 18 by Barchart.com. We have $11.56 PT which if reached, will make NYSE:CX worth $4.00 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 $57.12M for 54.75 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 rating was downgraded by Barclays Capital on Friday, October 23 to “Equal-Weight”. On Friday, January 8 the stock rating was downgraded by Macquarie Research to “Neutral”. The rating was maintained by Barclays Capital with “Equal-Weight” on Monday, January 25. The company was upgraded on Friday, March 18 by Credit Suisse. The rating was downgraded by Credit Suisse to “Neutral” on Monday, December 14. The firm has “Sector Perform” rating given on Wednesday, April 6 by Scotia Capital. The stock of Cemex SAB de CV (ADR) (NYSE:CX) earned “Buy” rating by BB&T Capital on Monday, March 21. The firm has “Neutral” rating given on Thursday, October 22 by Citigroup. Santander downgraded the stock to “Hold” rating in Tuesday, October 27 report. The firm earned “Overweight” rating on Thursday, April 21 by Barclays 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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