What is the Price Targets for CEMEX S.A.B. de C.V. (CX)?

CEMEX S.A.B. de C.V. (NYSE:CX) saw a downside of 0.00% to close Friday at $7.17 after subtracting $0.0 on the day. The 5-day average trading volume is 6,961,840 shares of the company’s common stock. It has gained $7.57 in the past week and touched a new high 1 time within the past 5 days. An average of 7,207,510 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 6,793,058.

CX’s 1-month performance is -10.93% or -$0.88 on its low of $6.77 reached on 09/20/21. The company’s shares have touched a 52-week low of $3.60 and high of $9.09, with the stock’s rally to the 52-week high happening on 06/25/21. YTD, CX has achieved 38.68% or $2.00 and has reached a new high 29 times. However, the current price is down -21.12%% from the 52-week high price.


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Valuation Metrics

CEMEX S.A.B. de C.V. (CX) has a trailing price-to-earnings (P/E) ratio of 14.31 for the broader industry and 13.01 for the sector, meaning that investors are optimistic about the stock’s future prospects. The company’s PE ratio for the last five years has touched a high of 395.10 and a low of 9.255. CX stock has a beta of 1.25. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.77 while the price-to-book (PB) in the most recent quarter is 1.06, with the price to cash flow ratio at 4.54.

CEMEX S.A.B. de C.V.’s quick ratio for the period ended March 30 was 0.70, with the current ratio over the same period at 0.90 meaning that CX stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending March 30 was 0.87, while the total debt to equity was 0.91. In terms of profitability, the gross margin trailing 12 months is 32.90%The trailing 12-month EBITDA margin is 18.97% while for the period ending March 30; CEMEX S.A.B. de C.V.’s operating margin was 4.30%. The firm’s gross profit as reported stood at $4.18 billion against revenue of $12.97 billion.

Earnings Surprise

For the quarterly period ending March 30 this year, CEMEX S.A.B. de C.V.’s cash and short-term investments amounted to $6.0 million against total debt of $9.66 billion. Net income and sales went up compared to those figures reported in the previous quarter. Net income shrunk -1.23% to $12.97 billion, while revenue of $0.0 was 100.0% off the previous quarter. Analysts expected CX to announce $0.05 per share in earnings in its latest quarter, but it posted $0.42, representing a 740.00% surprise. CX stock balance sheet for the quarter ending March 30 shows that total liabilities totaled 17.47 billion, with total debt at $9.66 billion

Technical Picture

Let’s look briefly at CEMEX S.A.B. de C.V. (CX) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 01 October was 39.15% to suggest the stock is trending Neutral, with historical volatility in this time period at 35.43%.

The stock’s 5-day moving average is $7.25, reflecting a -2.05% or -$0.15 change from its current price. CX is currently trading -10.82% above its 20-day SMA, -16.53% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -11.48% and +35.28% respectively.

Stochastic %K and %D was 37.31% and 42.27% and the average true range (ATR) pointed at 0.24. The RSI (14) points at 39.67%, while the 14-day stochastic is at 42.11% with the period’s ATR at 0.24. The stock’s 9-day MACD Oscillator is pointing at -0.12 and -0.17 on the 14-day charts.

Analyst Ratings

Analysts offering their rating for CX stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate CX as a “sell,”, while 1 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 2 rates the stock as overweight while 17 have offered a “buy” rating.

What is CX’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $6.35 and a high of $12.00, with their median price target at $11.00. Looking at these predictions, the average price target given by analysts is for CEMEX S.A.B. de C.V. (CX) stock is $10.50.

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