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RBC Capital Sticks to Its Hold Rating for Cemex SAB (CX)

Tipranks - Tipranks - Sat Feb 7, 1:54AM CST

RBC Capital analyst Anthony Codling maintained a Hold rating on Cemex SAB yesterday and set a price target of $11.25. The company’s shares closed yesterday at $11.95.

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According to TipRanks, Codling is a 4-star analyst with an average return of 7.6% and a 60.35% success rate. Codling covers the Consumer Cyclical sector, focusing on stocks such as Crest Nicholson Holdings, The Berkeley Group Holdings, and Taylor Wimpey.

Cemex SAB has an analyst consensus of Moderate Buy, with a price target consensus of $13.18, implying a 10.29% upside from current levels. In a report released yesterday, HSBC also downgraded the stock to a Hold with a $12.80 price target.

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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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