In a report released today, Garik Shmois from Loop Capital Markets maintained a Hold rating on Cemex SAB (CX – Research Report), with a price target of $7.00. The company’s shares closed last Friday at $5.95.
Shmois covers the Industrials sector, focusing on stocks such as Carlisle Companies, Sherwin-Williams Company, and Masco. According to TipRanks, Shmois has an average return of 9.9% and a 60.71% success rate on recommended stocks.
In addition to Loop Capital Markets, Cemex SAB also received a Hold from Bank of America Securities’s Carlos Peyrelongue in a report issued on October 26. However, on October 27, Scotiabank maintained a Buy rating on Cemex SAB (NYSE: CX).
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CX market cap is currently $9.02B and has a P/E ratio of 14.97.
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Cemex SAB (CX) Company Description:
CEMEX SAB de CV engages in the production, distribution, marketing, and sale of cement, ready-mix concrete, and aggregates. It operates though the following geographical segments: Mexico; United States; Europe; South, Central America and the Caribbean (SCA&C); Asia, Middle East and Africa (AMEA); and Others. The Europe segment covers United Kingdom, Germany, France, Spain, and Czech Republic, Poland and Latvia, as well as trading activities in Scandinavia, and Finland. The SCA&C segment includes Colombia, Panama, Costa Rica, Caribbean TCL, the Dominican Republic, Puerto Rico, Nicaragua, Jamaica, the Caribbean, El Salvador, and Guatemala. The EMEA segment comprises of Egypt, Israel, the Philippines, and the United Arab Emirates. The Others segment refers to the cement trade maritime operations, information technology solutions business, and other corporate entities as well as other minor subsidiaries with different lines of business. The company was founded by Lorenzo Zambrano Gutierrez in 1906 and is headquartered in San Pedro Garza Garcia, Mexico.
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