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Cemex SAB (CX) Gets a Buy from Scotiabank

Tipranks - Tipranks - Wed Oct 28, 7:44AM CDT

Scotiabank analyst Francisco Suarez Savin maintained a Buy rating on Cemex SAB today and set a price target of $13.80.

According to TipRanks, Suarez Savin is an analyst with an average return of -2.2% and a 43.24% success rate.

In addition to Scotiabank, Cemex SAB also received a Buy from Barclays’s Benjamin Theurer in a report issued yesterday. However, on the same day, RBC Capital assigned a Hold rating to Cemex SAB (NYSE: CX).

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Based on Cemex SAB’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $4.59 billion and a net profit of $346.64 million. In comparison, last year the company earned a revenue of $4.13 billion and had a net profit of $318.02 million

Based on the recent corporate insider activity of 77 insiders, corporate insider sentiment is neutral on the stock. Last month, Mauricio Doehner Cobian, the EVP Corporate Affairs of CX sold 927,900.00 shares for a total of $8,880,003.00.

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