While Cemex S.A.B. De C.V. ADR has overperformed by 0.82%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, CX fell by -10.95%, with highs and lows ranging from $9.27 to $5.50, whereas the simple moving average fell by -16.15% in the last 200 days.
On August 21, 2024, JP Morgan started tracking Cemex S.A.B. De C.V. ADR (NYSE: CX) recommending Overweight. A report published by Barclays on July 31, 2024, Upgraded its rating to ‘Overweight’ for CX. Goldman also rated CX shares as ‘Buy’, setting a target price of $9 on the company’s shares in an initiating report dated July 10, 2024. RBC Capital Mkts Initiated an Underperform rating on May 14, 2024, and assigned a price target of $9. BofA Securities April 24, 2024d its ‘Buy’ rating to ‘Neutral’ for CX, as published in its report on April 24, 2024. Barclays’s report from February 09, 2024 suggests a price prediction of $9 for CX shares, giving the stock a ‘Equal Weight’ rating. BofA Securities also rated the stock as ‘Buy’.
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Analysis of Cemex S.A.B. De C.V. ADR (CX)
The current dividend for CX investors is set at $0.04 per share, indicating investors will get a return regardless of how the company performs over the next quarter. Further, the quarter-over-quarter decrease in sales is -1.57%, showing a negative trend in the upcoming months.
There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of Cemex S.A.B. De C.V. ADR’s future performance, with equity being one of the most critical indicators. The goal here is to ensure that your current return on equity of 1.58% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.65, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
As an indicator of volatility for any stock, average volume can also be very valuable, and CX is recording an average volume of 11.23M. On a monthly basis, the volatility of the stock is set at 3.44%, whereas on a weekly basis, it is put at 2.88%, with a gain of 7.11% over the past seven days. Furthermore, long-term investors anticipate a median target price of $10.21, showing growth from the present price of $6.18, which can serve as yet another indication of whether CX is worth investing in or should be passed over.
How Do You Analyze Cemex S.A.B. De C.V. ADR Shares?
Cemex S.A.B. De C.V. ADR (CX) is based in the Mexico and is one of the most prominent companies operating in the Building Materials market. When comparing Cemex S.A.B. De C.V. ADR shares with other companies under Basic Materials, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 53.09, there is a growth in quarterly earnings of -14.94%.
Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 0.00%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 27.05% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
CX shares are owned by institutional investors to the tune of 27.05% at present.
