Stocks Under $10: Cemex

Richard Suttmeier  |

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

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer

Companies

Symbol Name Price Change % Volume
CX Cemex S.A.B. de C.V. Sponsored ADR 4.89 -0.03 -0.61 3,700,374 Trade
FSFG First Savings Financial Group Inc. 51.40 0.13 0.25 2,419 Trade

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