CEMEX S.A.B. de C.V. [NYSE: CX] stock went on a downward path that fall over -0.96% on Friday, amounting to a one-week price decrease of less than -1.20%. The company report on May 13, 2021 that bp And CEMEX Team Up On Net-Zero Emissions.
— bp and CEMEX aim to develop solutions to decarbonize the cement production process and transportation.
— CEMEX and bp have aligned ambitions to arrive to net-zero emissions by 2050 or sooner.
Over the last 12 months, CX stock rose by 281.48%. The one-year CEMEX S.A.B. de C.V. stock forecast points to a potential upside of 8.95. The average equity rating for CX stock is currently 2.10, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $12.69 billion, with 1.47 billion shares outstanding and 1.45 billion shares in the current float. Compared to the average trading volume of 9.10M shares, CX stock reached a trading volume of 7753114 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on CEMEX S.A.B. de C.V. [CX]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CX shares is $9.05 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CX stock is a recommendation set at 2.10. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Exane BNP Paribas have made an estimate for CEMEX S.A.B. de C.V. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on April 23, 2021. The new note on the price target was released on January 28, 2021, representing the official price target for CEMEX S.A.B. de C.V. stock.
The Average True Range (ATR) for CEMEX S.A.B. de C.V. is set at 0.32, with the Price to Sales ratio for CX stock in the period of the last 12 months amounting to 0.95. The Price to Book ratio for the last quarter was 1.40, with the Price to Cash per share for the same quarter was set at 0.96. Price to Free Cash Flow for CX in the course of the last twelve months was 4.88 with Quick ratio for the last quarter at 0.70.
CX Stock Performance Analysis:
CEMEX S.A.B. de C.V. [CX] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.20. With this latest performance, CX shares gained by 12.88% in over the last four-week period, additionally plugging by 70.60% over the last 6 months – not to mention a rise of 281.48% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CX stock in for the last two-week period is set at 55.20, with the RSI for the last a single of trading hit 52.38, and the three-weeks RSI is set at 56.61 for CEMEX S.A.B. de C.V. [CX]. The present Moving Average for the last 50 days of trading for this stock 7.50, while it was recorded at 8.32 for the last single week of trading, and 5.52 for the last 200 days.
Insight into CEMEX S.A.B. de C.V. Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and CEMEX S.A.B. de C.V. [CX] shares currently have an operating margin of +10.35 and a Gross Margin at +30.71. CEMEX S.A.B. de C.V.’s Net Margin is presently recorded at -10.39.
Return on Total Capital for CX is now 6.97, given the latest momentum, and Return on Invested Capital for the company is -7.89. Return on Equity for this stock declined to -17.22, with Return on Assets sitting at -5.26. When it comes to the capital structure of this company, CEMEX S.A.B. de C.V. [CX] has a Total Debt to Total Equity ratio set at 138.51. Additionally, CX Total Debt to Total Capital is recorded at 58.07, with Total Debt to Total Assets ending up at 40.78. Long-Term Debt to Equity for the company is recorded at 125.41, with the Long-Term Debt to Total Capital now at 52.58.
Receivables Turnover for the company is 7.45 with a Total Asset Turnover recorded at a value of 0.51.CEMEX S.A.B. de C.V.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.70 and a Current Ratio set at 0.90.
CX Stock EPS
With the latest financial reports released by the company, CEMEX S.A.B. de C.V. posted 0.01/share EPS, while the average EPS was predicted by analysts to be reported at 0.01/share. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for CX. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for CEMEX S.A.B. de C.V. go to 33.20%.
CEMEX S.A.B. de C.V. [CX] Insider Position Details
There are presently around $4,527 million, or 39.00% of CX stock, in the hands of institutional investors. The top three institutional holders of CX stocks are: FMR LLC with ownership of 71,535,312, which is approximately 16.89% of the company’s market cap and around 60.00% of the total institutional ownership; BAILLIE GIFFORD & CO, holding 38,907,416 shares of the stock with an approximate value of $320.6 million in CX stocks shares; and BRANDES INVESTMENT PARTNERS, LP, currently with $270.89 million in CX stock with ownership of nearly -30.963% of the company’s market capitalization.
Positions in CEMEX S.A.B. de C.V. stocks held by institutional investors increased at the end of April and at the time of the April reporting period, where 133 institutional holders increased their position in CEMEX S.A.B. de C.V. [NYSE:CX] by around 111,599,088 shares. Additionally, 126 investors decreased positions by around 126,411,827 shares, while 38 investors held positions by with 311,329,493 shares. The mentioned changes placed institutional holdings at 549,340,408 shares, according to the latest SEC report filing. CX stock had 52 new institutional investments in for a total of 57,731,930 shares, while 35 institutional investors sold positions of 30,982,716 shares during the same period.