Cemex (CX) – ($9.82) has a Buy rating according to ValuEngine with fair value at $6.78, which makes the stock 44.9% overvalued. The stock has a one-year price target at $10.88. ValuEngine Profile – “CEMEX is one of the largest cement companies in the world, with close to 78 million metric tons of production capacity. Through operating subsidiaries in four continents, they are engaged in the production, distribution, marketing and sale of cement, ready-mix concrete, aggregates and clinker. They are also the world’s leading producer of white cement and the world’s largest trader of cement and clinker.”
Analysis – The daily chart for Cemex shows oversold momentum with the stock below its 21-day, 50-day and 200-day simple moving averages at $10.82, $11.25 and $9.97. My semiannual value level is $9.08 with a weekly risky level at $10.77.
Courtesy of Thomson / Reuters
|
Ticker |
Company Name |
Mkt Price |
Fair Value |
One-Year Price Target |
Last 12-Mon Retn (%) |
5-Yr Avg Retn (%) |
P/E Ratio |
|
CX |
CEMEX |
9.82 |
6.78 |
10.88 |
84.02 |
-14.19 |
n/a |
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