CEMEX S.A.B. de C.V. [CX] shares are down more than -2.92% this year and recently increased 0.03% or $0.1 to settle at $3.99. Analysts expect CX to grow earnings at a 33.20% annual rate over the next 5 years. CX has a short ratio of 0.56. This implies that the market is currently less bullish on the outlook for CX.

On 24, September 2020, CEMEX’s Operations in Europe Announce a CO2 Reduction Target of at Least 55% By 2030. According to news published on Yahoo Finance, CEMEX, S.A.B. de C.V. (“CEMEX”) (NYSE: CX) announced today that it is the first company in its sector to target a CO2 reduction in its European operations of at least 55% by 2030. CEMEX welcomes the recent commitment from European Commission President Ursula von der Leyen’s landmark State of the Union address and is pleased to align with the new European Union (“EU”) aspirations and targets.

Analyst Birdseye View:

The most recent analyst activity for CEMEX S.A.B. de C.V. [NYSE:CX] stock was on September 15, 2020, when it was Upgrade with a Buy rating from Goldman, which also raised its 12-month price target on the stock to $5.10. On September 11, 2020, Morgan Stanley Upgrade an Overweight rating and boosted its price target on this stock to $6. On September 01, 2020, HSBC Securities Upgrade a Hold rating and increased its price target to $3.50. On July 15, 2020, Credit Suisse Upgrade an Outperform rating. On April 17, 2020, Loop Capital Downgrade a Sell rating. On April 06, 2020, JP Morgan Downgrade a Neutral rating.

In the past 52 weeks of trading, this stock has oscillated between a low of $1.55 and a peak of $4.37. Right now, according to Wall Street analyst the average 12-month amount target is $4.45. At the most recent market close, shares of CEMEX S.A.B. de C.V. [NYSE:CX] were valued at $3.99. According to the average price forecast, investors can expect a potential return of -1.14%.

FUNDAMENTAL ANALYSIS

CEMEX S.A.B. de C.V. [NYSE:CX] most recently reported quarterly sales of 67.87 billion, which represented growth of -14.40%. This publicly-traded organization’s revenue is $6,220,234 per employee, while its income is $26,056 per employee. This company’s Gross Margin is currently 32.60%, its Operating Margin is 6.70%, its Pretax Margin is +1.55, and its Net Margin is +0.42. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at 0.19, 0.59, 6.01 and 0.28 respectively.

If looking now at the Principal structure of this organization, it shows its whole liability to the whole Principal at 55.97 and the whole liability to whole assets at 40.24. It shows enduring liability to the whole principal at 49.13 and enduring liability to assets at 0.35 while looking for an extended time period.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 3.91 points at 1st support level, the second support level is making up to 3.82. But as of 1st resistance point, this stock is sitting at 4.04 and at 4.09 for 2nd resistance point.

CEMEX S.A.B. de C.V. [CX] reported its earnings at $0.01 per share in the fiscal quarter closing of 6/29/2020. The Analysts for Wall Street were expecting to report its earnings at $0.01/share signifying the difference of 0 and 0.00% surprise value. Comparing the previous quarter ending of 3/30/2020, the stated earnings were $0.01 calling estimates for $0.01/share with the difference of 0 depicting the surprise of 0.00%.

Important Ratio’s To Watch

Meanwhile, turning our focus to liquidity, the Current Ratio for CEMEX S.A.B. de C.V. [NYSE:CX] is 1.30. Likewise, the Quick ratio is also the same, showing Cash ratio at 0.15. Now if looking for a valuation of this stock’s amount to sales ratio it’s 0.42, it’s amount to book ratio is 0.61 and showing 285.00 of P/E (TTM) ratio.