Economy

Cemex SAB de CV (CX) Sees Significant Growth in Short Interest

The value of the investment in Cemex, S.A.B.de C.V. Sponsored went from $61,206,000 to $50,692,000 a change of 17.2% for the reporting period. Comerica Bank now owns 99,725 shares of the construction company's stock worth $795,000 after buying an additional 3,528 shares during the period. The company's 50-day moving average price is $8.70 and its 200 day moving average price is $8.30. The stock has an average rating of "Buy" and an average price target of $10.58. The market capitalization of the company is at $12.92 Billion.

CEMEX, S.A.B.de C.V. (CX) stock price tumbled -0.22% to trade at $8.92 in current session.

CEMEX, S.A.B.de C.V. (CX) stock price away from 20 day simple moving average slumped at -2.07% while its distance from 50 day simple moving average declined -3.75% along with 0.81% above away from two hundred simple moving averages.

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The number of shares changed hands in the stock is good, indicating the interest and low risk associated with it. The analysts, on average, are forecasting a $27.64 price target, but the stock is already up 16.18% from its recent lows.

Cemex, S.A.B.de C.V. Sponsored shares had a trading volume of 1,327K by the end of trading on Friday. Now have a look at past performance (weekly performance to year to date performance) how CEMEX, S.A.B.de C.V. (CX) has been moved; whether it performed well or not. Cemex S.A.B.de C.V. has a 12-month low of $6.91 and a 12-month high of $10.37.

Cemex S.A.B.de C.V. had a return on equity of 8.94% and a net margin of 8.34%. In the last earnings report the EPS was $0.08 and is expected to be $0.56 for the current year with 14,999,043,000 shares now outstanding.

Shares of Cemex S.A.B.de C.V. The company had revenue of $3.58 billion for the quarter.

Several research firms have recently weighed in on CX. Cemex S.A.B.de C.V. On average, equities research analysts forecast that Cemex S.A.B.de C.V. will post $0.56 EPS for the current fiscal year.

09/23/2015 - Cemex S.A.B.de C.V. had its "buy" rating reiterated by analysts at HSBC.

According to the Recommendation Trends of the stock polled by Finviz, the company has a consensus recommendation of 2.4 out of the scale from 1 to 5 where 1 stands for Buy and 5 means Sell. BidaskClub raised shares of Cemex S.A.B.de C.V. from a "buy" rating to a "strong-buy" rating in a research report on Wednesday, July 12th.

CEMEX, S.A.B.de C.V. (CEMEX) is an operating and holding company 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 customers and communities in over 50 countries throughout the world. Bank of America Corporation downgraded Cemex SAB de CV from a "buy" rating to a "neutral" rating and increased their price objective for the company from $10.60 to $10.70 in a report on Tuesday, August 29th. The legal version of this piece of content can be read at https://www.truebluetribune.com/2017/10/07/employees-retirement-system-of-texas-boosts-position-in-cemex-s-a-b-de-c-v-cx.html.

03/17/2017 - Cemex S.A.B.de C.V. had its "outperform" rating reiterated by analysts at Credit Suisse.



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