Extremely important negative changes in investment behavior have recently occurred for Cemex SAB de CV (NYSE: CX): its longer term price trend turned down, its shorter term price trend turned down, and negative upside/downside volume developed.
Cemex SAB de CV (NYSE: CX). Small negative changes in fundamentals have recently occurred: the consensus estimate for December, 2024 decreased significantly.
In light of these highly negative signals we are reviewing our current Overall Rating of A. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, CX is expected to continue to be a Value Builder.
Cemex SAB de CV has a current Value Trend Rating of A (Highest Rating). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. Cemex SAB de CV has a good Power Rating of 76 and a good Appreciation Score of 84, leading to the Highest Value Trend Rating.
Recent Price Action
Cemex SAB de CV (NYSE: CX) stock declined modestly by -1.8% on 5/22/24. The stock closed at $7.61. However, exceptionally low trading volume at 48% of normal accompanied the decline. The stock has been strong relative to the market over the last nine months but has declined -3.8% during the last week.
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