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Scotiabank Sticks to Its Hold Rating for Cemex SAB (CX)

Tipranks - Tipranks - Fri Feb 6, 6:58AM CST

In a report released today, Francisco Suarez Savin from Scotiabank maintained a Hold rating on Cemex SAB, with a price target of $13.50.

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According to TipRanks, Suarez Savin is an analyst with an average return of -1.8% and a 45.83% success rate. Suarez Savin covers the Basic Materials sector, focusing on stocks such as GCC SAB de CV, Cementos Pacasmayo SAA, and Cemex SAB.

Currently, the analyst consensus on Cemex SAB is a Moderate Buy with an average price target of $13.26.

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Based on Cemex SAB’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $4.25 billion and a net profit of $264.09 million. In comparison, last year the company earned a revenue of $4.09 billion and had a net profit of $405.72 million

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