why CEMEX S.A.B. de C.V. [CX] is a Good Choice for Investors After New Price Target of $8.12

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CEMEX S.A.B. de C.V. [NYSE: CX] traded at a high on 05/03/22, posting a 2.52 gain after which it closed the day’ session at $4.47. The company report on April 25, 2022 that CEMEX Successfully Turns CO2 Into Carbon Nanomaterials.

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CEMEX has successfully converted CO2 into carbon nanomaterials in a laboratory setting.

Carbon nanomaterials have several potential commercial applications in fields such as building materials, electronics, agriculture, and biomedicine.

The results of the trading session contributed to over 6169056 shares changing hands. Over the past one week, the price volatility of CEMEX S.A.B. de C.V. stands at 5.23% while the volatility over the past one month is 4.65%.

The market cap for CX stock reached $6.99 billion, with 1.47 billion shares outstanding and 461.45 million shares in the current float. Compared to the average trading volume of 9.03M shares, CX reached a trading volume of 6169056 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about 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 $8.12 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.

Credit Suisse 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 20, 2022. While these analysts kept the previous recommendation, Goldman dropped their target price from $9.20 to $6. The new note on the price target was released on April 05, 2022, representing the official price target for CEMEX S.A.B. de C.V. stock. Previously, the target price had yet another raise to $6.40, while Credit Suisse analysts kept a Neutral rating on CX stock. On October 11, 2021, analysts decreased their price target for CX shares from 9.80 to 9.30.

The Average True Range (ATR) for CEMEX S.A.B. de C.V. is set at 0.21, with the Price to Sales ratio for CX stock in the period of the last 12 months amounting to 0.48. The Price to Book ratio for the last quarter was 0.67, with the Price to Cash per share for the same quarter was set at 0.51. Price to Free Cash Flow for CX in the course of the last twelve months was 2.91 with Quick ratio for the last quarter at 0.60.

How has CX stock performed recently?

CEMEX S.A.B. de C.V. [CX] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 7.97. With this latest performance, CX shares dropped by -15.50% in over the last four-week period, additionally sinking by -29.38% over the last 6 months – not to mention a drop of -45.69% 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 43.89, with the RSI for the last a single of trading hit 46.04, and the three-weeks RSI is set at 43.00 for CEMEX S.A.B. de C.V. [CX]. The present Moving Average for the last 50 days of trading for this stock 4.88, while it was recorded at 4.41 for the last single week of trading, and 6.39 for the last 200 days.

CEMEX S.A.B. de C.V. [CX]: Deeper insight into the 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 +11.92 and a Gross Margin at +30.81. CEMEX S.A.B. de C.V.’s Net Margin is presently recorded at +5.25.

Return on Equity for this stock inclined to 8.55, with Return on Assets sitting at 2.84.

CEMEX S.A.B. de C.V.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.60 and a Current Ratio set at 0.80.

Earnings analysis for CEMEX S.A.B. de C.V. [CX]

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%.

Insider trade positions for CEMEX S.A.B. de C.V. [CX]

There are presently around $2,164 million, or 35.50% of CX stock, in the hands of institutional investors. The top three institutional holders of CX stocks are: FMR LLC with ownership of 65,999,757, which is approximately 6.042% of the company’s market cap and around 60.00% of the total institutional ownership; BAILLIE GIFFORD & CO, holding 43,309,918 shares of the stock with an approximate value of $188.83 million in CX stocks shares; and TT INTERNATIONAL, currently with $139.67 million in CX stock with ownership of nearly 20.741% 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 111 institutional holders increased their position in CEMEX S.A.B. de C.V. [NYSE:CX] by around 57,475,905 shares. Additionally, 152 investors decreased positions by around 87,869,398 shares, while 34 investors held positions by with 351,031,140 shares. The mentioned changes placed institutional holdings at 496,376,443 shares, according to the latest SEC report filing. CX stock had 43 new institutional investments in for a total of 13,420,471 shares, while 56 institutional investors sold positions of 25,765,741 shares during the same period.