Cemex S.A.B. De C.V. ADR (CX) concluded trading on 12/28/23 at a closing price of $7.89, with 6.0 million shares of worth about $47.37 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 12.88% during that period and on Thursday the price saw a loss of about -2.59%. Currently the company’s common shares owned by public are about 1.51B shares, out of which, 1.51B shares are available for trading.
A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 19 analysts are covering the CX stock and their offered price forecasts bring an average price target of $16.55. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $25.48 and could fall to a lowest price of $9.83. The stock’s current price level is 14.98% above of average price target set by the analysts, while a rise to estimated low would result in gain of 19.74% for the stock. However, touching the estimated high of $25.48 would mean a gain of 69.03% for the stock.
Cemex S.A.B. De C.V. ADR (NYSE: CX) started trading at $8.04, below -$0.06 from concluding price of the previous day. However, the stock later moved at a day high price of 8.10, or with a loss of -2.59%. Stock saw a price change of 0.77% in past 5 days and over the past one month there was a price change of 16.54%. Year-to-date (YTD), CX shares are showing a performance of 94.81% which increased to 89.66% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $4.03 but also hit the highest price of $8.46 during that period. The average intraday trading volume for Cemex S.A.B. De C.V. ADR shares is 5.90 million. The stock is currently trading 5.42% above its 20-day simple moving average (SMA20), while that difference is up 14.41% for SMA50 and it goes to 17.24% higher than SMA200.
Cemex S.A.B. De C.V. ADR (NYSE: CX) currently have 1.51B outstanding shares and institutions hold larger chunk of about 29.58% of that.
The stock has a current market capitalization of $11.93B and its 3Y-monthly beta is at 1.48. PE ratio of stock for trailing 12 months is 25.32, while it has posted earnings per share of $0.31 in the same period. Its PEG reads 1.86 and has Quick Ratio of 0.58 while making debt-to-equity ratio of 0.62. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for CX, volatility over the week remained 2.49% while standing at 2.83% over the month.
Analysts are in expectations that Cemex S.A.B. De C.V. ADR (CX) stock would likely to be making an EPS of $0.17 in the current quarter, while forecast for next quarter EPS is $0.16 and it is $0.8 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.05 which is $0.35 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.12 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 80.67% while it is estimated to increase by 22.27% in next year. EPS is likely to grow at an annualized rate of 13.60% for next 5-years, compared to annual growth of -1.42% made by the stock over the past 5-years.
Analysts at 19 brokerage firms have issued recommendations for the Cemex S.A.B. De C.V. ADR (CX)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.53. Out of those 19 Wall Street analysts, 13 recommended a “Buy” rating, while 4 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Citigroup on November 02, 2023 offering a Buy rating for the stock and assigned a target price of $8.20 to it.
