Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for Cemex SAB de CV (NYSE: CX) weakened during the last several trading days. CX’s current Value Trend Rating is C and the prior Rating was B. Details supporting this lower rating are included in our next report.
Recent Price Action
Cemex SAB de CV (NYSE: CX) stock closed at $6.37 on 8/9/24 after being unchanged was unchanged. However, trading volume in this flat performance was exceptionally low at 48% of normal. The stock has risen 1.9% during the last week but has been weak relative to the market over the last nine months.
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 C (Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Cemex SAB de CV has a very high Appreciation Score of 93 but a poor Power Rating of 16, resulting in the Neutral Value Trend Rating.
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