The shares of Cemex SAB de CV (ADR) (NYSE:CX)currently has mean rating of 2.1 while 11 analyst have recommended the shares as ‘BUY’ ,3 recommended as ‘OUTPERFORM’ and 4 recommended as ‘HOLD’.The rating score is on a scale of 1 to 5 where 1 stands for strong buy and 5 stands for sell
The mean price target for the shares of Cemex SAB de CV (ADR) (NYSE:CX)is at $8.76 while the highest price target suggested by the analysts is $15.87 and low price target is $6.73. The mean price target is calculated keeping in view the consensus of 18 brokerage firms.
The company’s mean estimate for sales for the current quarter ending Jun 16 is 3.77B by 3 analysts. The means estimate of sales for the year ending Dec 16 is 14.34B by 17 analysts.
The average estimate of EPS for the current fiscal quarter for Cemex SAB de CV (ADR) (NYSE:CX)stands at $0.07 while the EPS for the current year is fixed at $0.18 by 6.00 analysts
The next one year’s EPS estimate is set at 0.35 by 16.00 analysts while a year ago the analysts suggested the company’s EPS at $0.18. The analysts also projected the company’s long-term growth at 114.43% for the upcoming five years
In its latest quarter ended on 31 Mar 2016 , Cemex SAB de CV (ADR) (NYSE:CX)reported earnings of $0.03. The posted earnings topped the analyst’s consensus by $0.07 with the surprise factor of 175.00%. In the matter of earnings surprises, the term ‘Cockroach Effect’ is often implied. Cockroach Effect is a market theory that suggests that when a company reveals bad news to the public, there may be many more related negative events that have yet to be revealed. In the case of earnings surprises, if a company is suggesting a negative earnings surprise it means there are more to come.
Cemex SAB de CV (ADR) (NYSE:CX) traded up +4.29% during trading on Friday, hitting $6.80 . The stock had a trading volume of 7.7 M shares. The firm has a 50 day moving average of $6.51 and a 200-day moving average of $5.82. The stock has a market cap of $71.74B and a price-to-earnings ratio of 425.00. On Jun 26, 2015 the shares registered one year high at $9.22 and the one year low was seen on Jan 20, 2016.
On June 23, 2016 Cemex SAB de CV (ADR) (NYSE:CX) announced that CEMEX USA is participating in Phase 1 of the Metro Purple Line Extension in Los Angeles, California. This long-awaited extension will improve the Los Angeles public transportation system by linking the west part of the city to the region’s growing rail network. For this project, CEMEX is expected to supply at least 330,000 cubic yards of ready-mix concrete.
Phase 1 will provide high-speed, reliable transportation between popular areas of the city. Expected to be completed in 2023, the extension will comprise a 3.9-mile section of twin-rail subway, plus three underground stations in Los Angeles and Beverly Hills.
Project planning began in 2007 to ensure the completed development of this comprehensive project with the least possible impact on area residents. CEMEX was chosen for this project thanks to the expertise it demonstrated 10 years ago on the LA Metro Gold Line expansion.
“This project will improve transportation and mobility for generations of Los Angeles residents, and CEMEX enjoys the resources and experience to help make it a reality. We are proud to play an important role in building a better future for one of the USA’s greatest cities through the extension of the Metro Purple Line,” said Ignacio Madridejos, President CEMEX USA.
CEMEX is a global building materials company that provides high quality products and reliable service to customers and communities in more than 50 countries. Celebrating its 110th anniversary, CEMEX has a rich history of improving the well-being of those it serves through innovative building solutions, efficiency advancements, and efforts to promote a sustainable future.