Reassessing The Changing Outlook For Cemex S.A.B. De C.V. ADR (CX)

Currently, there are 1.51B common shares owned by the public and among those 1.51B shares have been available to trade.

The company’s stock has a 5-day price change of -10.61% and -23.89% over the past three months. CX shares are trading -20.65% year to date (YTD), with the 12-month market performance down to -17.56% lower. It has a 12-month low price of $5.67 and touched a high of $9.27 over the same period. CX has an average intraday trading volume of 7.09 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -4.34%, -11.70%, and -17.07% respectively.

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Institutional ownership of Cemex S.A.B. De C.V. ADR (NYSE: CX) shares accounts for 28.87% of the company’s 1.51B shares outstanding.

It has a market capitalization of $9.30B and a beta (3y monthly) value of 1.47. The stock’s trailing 12-month PE ratio is 42.71, while the earnings-per-share (ttm) stands at $0.14. The company has a PEG of 3.14 and a Quick Ratio of 0.51 with the debt-to-equity ratio at 0.67. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.09% over the week and 3.37% over the month.

Earnings per share for the fiscal year are expected to increase by 651.32%, and 16.50% over the next financial year. EPS should grow at an annualized rate of 13.60% over the next five years, compared to -17.84% over the past 5-year period.

Looking at the support for the CX, a number of firms have released research notes about the stock. Goldman stated their Buy rating for the stock in a research note on July 10, 2024, with the firm’s price target at $9. RBC Capital Mkts coverage for the Cemex S.A.B. De C.V. ADR (CX) stock in a research note released on May 14, 2024 offered a Underperform rating with a price target of $9. BofA Securities was of a view on April 24, 2024 that the stock is Neutral, while Barclays gave the stock Equal Weight rating on February 09, 2024, issuing a price target of $9. BofA Securities on their part issued Buy rating on January 09, 2024.

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