Scotiabank analyst Francisco Suarez Savin maintained a Buy rating on Cemex SAB (CX – Research Report) today and set a price target of $10.00. The company’s shares closed yesterday at $8.16.
According to TipRanks, Suarez Savin is ranked #6334 out of 8717 analysts.
Cemex SAB has an analyst consensus of Strong Buy, with a price target consensus of $9.25, representing a 13.36% upside. In a report released yesterday, Citi also reiterated a Buy rating on the stock with a $9.00 price target.
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CX market cap is currently $12.28B and has a P/E ratio of 61.63.
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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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