Stocks of Cemex S.A.B. De C.V. ADR (NYSE:CX) traded higher last session on Wall Street, up 2.63% to $5.47.
CX stock price is now -6.75% away from the 50-day moving average and -21.66% away from the 200-day moving average. The market capitalization of the company currently stands at $8.27B.
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With the price target reduced from $7 to $6, JP Morgan Downgraded its rating from Overweight to Neutral for Cemex S.A.B. De C.V. ADR (NYSE: CX). On October 08, 2024, RBC Capital Mkts Upgraded its previous ‘Underperform’ rating to ‘Sector Perform’ on the stock reducing its target price from $9 to quote $6.50, while ‘JP Morgan’ rates the stock as ‘Overweight’
In other news, JAIME MUGUIRO DOMINGUEZ, Officer bought 14,990 shares of the company’s stock on Nov 01 ’24. The stock was bought for $78,323 at an average price of $5.22. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 16 ’24, Senior Vice President – Legal Saldana Madero Roger bought 45,385 shares of the business’s stock. A total of $305,641 was incurred on buying the stock at an average price of $6.73. A total of 0.00% of the company’s stock is owned by insiders.
During the past 12 months, Cemex S.A.B. De C.V. ADR has had a low of $5.00 and a high of $9.27. As of last week, the company has a debt-to-equity ratio of 0.62, a current ratio of 0.98, and a quick ratio of 0.73. The fifty day moving average price for CX is $5.866 and a two-hundred day moving average price translates $6.982 for the stock.
The latest earnings results from Cemex S.A.B. De C.V. ADR (NYSE: CX) was released for 2024-09-30. The net profit margin was 2.65% and return on equity was 2.26% for CX. The company reported revenue of $4.09 billion for the quarter, compared to $4.36 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -6.28 percent. For the current quarter, analysts expect CX to generate $4.22B in revenue.
