Latest news with #CemexSAB
Business Insider
4 days ago
- Business
- Business Insider
Itau Unibanco downgrades Cemex SAB (CX) to a Hold
Itau Unibanco analyst Daniel Sasson downgraded Cemex SAB (CX – Research Report) to a Hold yesterday and set a price target of $7.50. The company's shares closed yesterday at $6.82. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter According to TipRanks, Sasson is ranked #2546 out of 9564 analysts. Cemex SAB has an analyst consensus of Hold, with a price target consensus of $7.31. CX market cap is currently $10.3B and has a P/E ratio of 7.07.
Bloomberg
28-04-2025
- Business
- Bloomberg
Cemex Profit Plunges on Lower Sales Volumes in US, Mexico
By Updated on Save Mexican cement maker Cemex SAB reported declining profit amid lower sales volumes, especially in its home market. Operating Ebitda, a measure of profitability that excludes items such as taxes and depreciation, dropped 18% to $601 million in the first quarter. Analysts had anticipated a difficult period but the number was below estimates.
Bloomberg
24-02-2025
- Business
- Bloomberg
Cemex Explores Sale of Colombian Cement Business
Cemex SAB is exploring a sale of its Colombian business as the Mexican cement maker exits non-core assets to focus on North America and Europe, people familiar with the matter said. The Monterrey, Mexico-based company is working with advisers to gauge potential interest in the unit, the people said, asking not to be identified because the discussions are private.
Bloomberg
06-02-2025
- Business
- Bloomberg
Cemex Sees Recovery in US Demand After Cement Sales Drop in 2024
Markets Mexican company says higher prices didn't offset lower volumes Cement maker has been selling off non-core assets to cut costs Mexico's Cemex SAB sees demand for its cement improving this year in the US, its largest market, after lower volumes dented sales for 2024. Annual net sales dipped 1% on a like-for-like basis to $16.2 billion, as higher prices failed to offset smaller volumes, Cemex said Thursday.
