Headlines about Cemex SAB de CV (NYSE:CX) have been trending somewhat positive recently, Accern Sentiment reports. The research group scores the sentiment of press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Cemex SAB de CV earned a daily sentiment score of 0.16 on Accern’s scale. Accern also gave headlines about the construction company an impact score of 44.2425860068862 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the headlines that may have effected Accern’s rankings:
- CEMEX, SAB de CV (CX) stock price is trading down from the 20 SMA with difference of -2.77% – Analyst Recommendation (press release) (blog) (analystrecommendation.com)
- Technical Levels – CEMEX, SAB de CV (CX) stock price comparison to its 50 SMA – The Stocks News (press release) (thestocksnews.com)
- CEMEX, SAB de CV (CX) Retreating Position on Changes in Moving Average Line – android media cell (androidmediacell.com)
- Robbins Arroyo LLP: Cemex, SAB de CV (CX) Misled Shareholders According to a Recently Filed Class Action – Business Wire (press release) (businesswire.com)
- Robbins Arroyo LLP: Cemex, S.A.B. de C.V. (CX) Misled Shareholders According to a Recently Filed Class Action (finance.yahoo.com)
A number of brokerages have commented on CX. Barclays reduced their target price on shares of Cemex SAB de CV from $11.00 to $10.00 and set an “overweight” rating on the stock in a research note on Friday, March 16th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a $10.00 target price (down from $10.60) on shares of Cemex SAB de CV in a research note on Wednesday, March 14th. Bank of America reduced their target price on shares of Cemex SAB de CV from $8.70 to $8.00 and set a “neutral” rating on the stock in a research note on Monday, March 5th. ValuEngine downgraded shares of Cemex SAB de CV from a “buy” rating to a “hold” rating in a research note on Thursday, March 1st. Finally, UBS downgraded shares of Cemex SAB de CV from a “buy” rating to a “sell” rating and reduced their price target for the company from $7.62 to $6.50 in a research note on Thursday, February 15th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the stock. Cemex SAB de CV has a consensus rating of “Hold” and an average target price of $9.49.
Cemex SAB de CV (NYSE:CX) last released its quarterly earnings results on Thursday, February 8th. The construction company reported ($0.07) earnings per share (EPS) for the quarter. The company had revenue of $3.42 billion during the quarter. Cemex SAB de CV had a net margin of 5.91% and a return on equity of 5.85%. equities research analysts forecast that Cemex SAB de CV will post 0.62 earnings per share for the current year.
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About Cemex SAB de CV
CEMEX, SAB. de C.V. (CEMEX) is an operating and holding company engaged, directly or indirectly, through its operating subsidiaries, primarily in the production, distribution, marketing and sale of cement, ready-mix concrete, aggregates, clinker and other construction materials throughout the world, and that provides construction-related services to customers and communities in over 50 countries throughout the world.
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