Economy

What Do Analysts Suggest For CEMEX, SAB de CV (CX)

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter. The RSI oscillates between zero and 100. This gauge is crucial in determining whether investors are moved toward the direction of buying more of the stock, or else doing the contradictory side and selling more of the stock. Analysts reported that the Price Target for CEMEX, S.A.B.de C.V. might touch $12.05 high while the Average Price Target and Low price Target is $10.87 and $8.4 respectively.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business.

Basically, a price target is an individual analyst's projection on the future price of a stock.

Analyzing the technical facts of CEMEX, S.A.B.de C.V. (CX), its current distance from 20-Day Simple Moving Average is -3.53% and standing -9.53% away from 50-Day Simple Moving Average while traded down -10.60% from 200-Day Simple Moving Average. The company posted an earnings surprise of 18.8%. Consensus earnings estimates are far from flawless, but they are watched by many investors and play an important role in measuring the appropriate valuation for a stock. The Stock has YTD (year to date) performance of 3.09 percent. To make a proper assessment, investors seek a sound estimate of this year's and next year's earnings per share (EPS), as well as a strong sense of how much the company will earn even farther down the road. Analysts expect next quarter's EPS to be $0.09 with next year's EPS anticipated to be $0.64.

Cemex S.A.B.de C.V. (NYSE:CX) had its price target decreased by J P Morgan Chase & Co from $11.20 to $10.60 in a report published on Monday. In the last earnings report the EPS was $0.77 and is expected to be $0.54 for the current year with 1,499,904,000 shares presently outstanding. Citigroup Inc. raised Cemex S.A.B.de C.V. from a sell rating to a neutral rating and set a $9.00 price objective on the stock in a report on Monday, October 23rd. The company had Year Ago Sales of 3.19 Billion. This will give analytical advantage to a shorter-term trader since it pursues the price more intimately, and consequently produces less "lag" as comparison to the longer-term moving average.

A moving average can help cut down the amount of "noise" on a price chart. Angled up and price is moving up (or was recently) overall, angled down and price is moving down overall, moving sideways and the price is likely in a range. According to today's trading volume CEMEX, S.A.B.de C.V.is BELOW its 20-Day Avg. volume with the stock showing ABOVE Abnormal volume in the past 150 days.

Volatility is a statistical measure of the dispersion of returns for a given security or market index. This volatility measure use for multipurpose in judging the underlying price momentum as well as the rate of change in CX's price.

By taking a look at the stock's current statistics it can gauged that the stock candle is BEARISH with MEDIUM volatility. ValuEngine lowered Cemex S.A.B.de C.V. from a buy rating to a hold rating in a research report on Saturday, September 30th. Institute for Wealth Management LLC. purchased a new position in shares of Cemex S.A.B.de C.V. during the second quarter worth about $115,000. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.

While looking at the Stock's Performance, CEMEX, S.A.B.de C.V. now shows a Weekly Performance of -1.73%, where Monthly Performance is -12.24%, Quarterly performance is -17.94%, 6 Months performance is -7.44% and yearly performance percentage is -1.21%.

Cemex S.A.B. De C.V. Sponsored (NYSE:CX) shares traded -1.85% down during most recent session to reach at the closing price of $7.96. The shares price has positioned -17.94% down over the past quarter while it has directed -7.44% toward a falling position throughout past six months.



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