CEMEX (CX) Upgraded by Citigroup Inc. to Buy

CEMEX stock has undergone multiple analysts rating changes in the recent past.  CEMEX Upgraded by Citigroup Inc. on 10-11-21. In a note to investors, the firm issued a new rating of Buy. The analysts previously had rating of Neutral.

Shares of CEMEX traded up $0.14 on Monday, reaching $6.66. 12155904 shares of the stock traded hands, compared to its average volume of 7482908. Shares of CEMEX were trading at $6.66 on Monday. The firm’s 50 day moving average is $7.64 and its 200 day moving average is $7.37.CEMEX has a 12 month low of $6.49 and a 12 month high of $9.09. While on yearly highs and lows, CEMEX’s today has traded high as $6.72 and has touched $6.49 on the downward trend. See More Analyst Rating at: RATING

CEMEX Earnings and What to expect: 

CEMEX last released its quarterly earnings data on July 29th, 2021. The construction company reported $0.18 earnings per share for the quarter. The company had revenue of $3.86 billion for the quarter. CEMEX has generated ($0.90) earnings per share over the last year (($0.36) diluted earnings per share). Earnings for CEMEX are expected to decrease by -5.26% in the coming year, from $0.76 to $0.72 per share. CEMEX has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Wednesday, October 27th, 2021 based off prior year’s report dates.

Earnings for CEMEX are expected to decrease by -5.26% in the coming year, from $0.76 to $0.72 per share. The P/E ratio of CEMEX is -18.50, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The P/E ratio of CEMEX is -18.50, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. CEMEX has a PEG Ratio of 0.24. PEG Ratios below 1 indicate that a company could be undervalued. CEMEX has a P/B Ratio of 1.09. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

CEMEX (CX) Moving Average Technical Analysis

5 day Moving Average is $6.67 And 5 day price change is -$0.36 (-5.13%)  with average volume for 5 day average is 12,461,240. While technical analysis for average 20 days shows significant difference, 20 day moving average is  $7.14 and 20 day price change is -$0.96 (-12.60%) and average 20 day moving volume is 8,931,365. 50 day moving average is $7.64  and 50 day price change is -$1.47 ( -18.08%)  and with average volume for 50 days is : 7,062,750. 200 day moving average is $7.37  and 200 day price change is $1.53 (29.82%)  and with average volume for 200 days is : 8,885,705.

Other owners latest trading in CEMEX :

  • On 9/3/2021 shares held by Parametric Portfolio Associates LLC were 3,265,377 which equates to market value of $27.43M and appx 0.00% owners of CEMEX
  • On 8/25/2021 shares held by MARSHALL WACE ASIA Ltd were 181,052 which equates to market value of $1.52M and appx 0.00% owners of CEMEX
  • On 8/25/2021 shares held by Marshall Wace North America L.P. were 851,897 which equates to market value of $7.16M and appx 0.00% owners of CEMEX
  • In total Institutional ownership equates to Institutional Ownership Percentage: 37.15% for CEMEX

See More Analyst Rating at: RATING