Barclays (LON:BARC) analyst Benjamin Theurer maintained a Buy rating on Cemex SAB (NYSE:CX) on Wednesday, setting a price target of $5, which is approximately 27.55% above the present share price of $3.92.
Theurer expects Cemex SAB to post earnings per share (EPS) of $0.03 for the fourth quarter of 2020.
The current consensus among 9 TipRanks analysts is for a Moderate Buy rating of shares in Cemex SAB, with an average price target of $4.49.
The analysts price targets range from a high of $6 to a low of $3.5.
In its latest earnings report, released on 06/30/2020, the company reported a quarterly revenue of $2.91 billion and a net profit of $278.75 million. The company's market cap is $6.33 billion.
According to TipRanks.com, Barclays analyst Benjamin Theurer is currently ranked with 3 stars on a 0-5 stars ranking scale, with an average return of 2.1% and a 53.57% success rate.
CEMEX SAB de CV engages in the production, distribution, marketing, and sale of cement, ready-mix concrete, and aggregates. It operates though the following geographical segments: Mexico; United States; Europe; South, Central America and the Caribbean (SCA&C); Asia, Middle East and Africa (AMEA); and Others. The Europe segment covers United Kingdom, Germany, France, Spain, and Czech Republic, Poland and Latvia, as well as trading activities in Scandinavia, and Finland. The SCA&C segment includes Colombia, Panama, Costa Rica, Caribbean TCL, the Dominican Republic, Puerto Rico, Nicaragua, Jamaica, the Caribbean, El Salvador, and Guatemala. The EMEA segment comprises of Egypt, Israel, the Philippines, and the United Arab Emirates. The Others segment refers to the cement trade maritime operations, information technology solutions business, and other corporate entities as well as other minor subsidiaries with different lines of business. The company was founded by Lorenzo Zambrano Gutierrez in 1906 and is headquartered in San Pedro Garza Garcia, Mexico.