In a report released today, Benjamin Theurer from Barclays maintained a Hold rating on Cemex SAB (CX – Research Report), with a price target of $9.00. The company’s shares closed yesterday at $8.18.
According to TipRanks, Theurer is a 4-star analyst with an average return of 5.9% and a 55.42% success rate. Theurer covers the Consumer Defensive sector, focusing on stocks such as Coca Cola Femsa SAB De CV, Ingredion, and Tyson Foods.
Cemex SAB has an analyst consensus of Moderate Buy, with a price target consensus of $9.25, which is a 13.08% upside from current levels. In a report released on April 24, Bank of America Securities also assigned a Hold rating to the stock with a $9.00 price target.
CX market cap is currently $12.54B and has a P/E ratio of 66.91.
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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.
