On Oct 29, major Wall Street analysts update their ratings for $Cemex (CX.US)$, with price targets ranging from $6 to $8.9.
J.P. Morgan analyst Adrian Huerta downgrades to a hold rating, and adjusts the target price from $7 to $6.
Barclays analyst Benjamin Theurer maintains with a buy rating, and adjusts the target price from $9 to $8.
RBC Capital analyst Anthony Codling maintains with a hold rating, and adjusts the target price from $6.5 to $6.
Scotiabank analyst Francisco Suarez Savin maintains with a buy rating, and adjusts the target price from $10 to $8.9.
Furthermore, according to the comprehensive report, the opinions of $Cemex (CX.US)$'s main analysts recently are as follows:
The company's fourth-quarter results showed that operating EBITDA was significantly below expectations, coming in at $747M compared to the anticipated $802M. Nevertheless, it is believed that the majority of the negatives are already reflected in the current share price.
The company's recent quarterly performance fell short of the already cautious projections. The anticipation of any substantial fundamental triggers for the company is deferred until at least mid-February, barring a possible rally in the Mexican market. Forecasts for the fourth quarter are also leaning towards the weaker end, with limited clarity regarding the upcoming year's outcomes. Currently, the company's free cash flow is not sufficient to support an increasing dividend in conjunction with reasonable share repurchases.
Here are the latest investment ratings and price targets for $Cemex (CX.US)$ from 4 analysts:
Note:
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