CEMEX, S.A.B. de C.V. (CX)
| Previous close | 8.40 |
| Open | 8.28 |
| Bid | 8.43 x 3000 |
| Ask | 8.44 x 4000 |
| Day's range | 8.26 - 8.60 |
| 52-week range | 5.67 - 9.27 |
| Volume | |
| Avg. volume | 6,954,896 |
| Market cap | 12.681B |
| Beta (5Y monthly) | 1.09 |
| PE ratio (TTM) | 70.71 |
| EPS (TTM) | N/A |
| Earnings date | N/A |
| Forward dividend & yield | N/A (N/A) |
| Ex-dividend date | 13 Dec 2019 |
| 1y target est | N/A |
- Reuters
UPDATE 1-Mexico's Cemex recovers investment-grade rating from S&P
Debt issued by Mexican cementmaker Cemex was upgraded to "BBB-" by S&P Global Ratings on Wednesday, pushing the firm one notch into investment-grade territory after more than a decade of languishing in the agency's speculative grade, or junk, status. The credit ratings agency emphasized in a statement that Cemex's business strategy provides "headroom for the company to sustain the investment-grade rating through business cycles." S&P added that Cemex's priorities for this year and next should include boosting core earnings, or earnings before interest, taxes, depreciation, and amortization (EBITDA), through margin expansion and acquisitions.
- Reuters
Cemex to start new cement-making method to cut costs, emissions
Mexican cement maker Cemex will start using a new manufacturing method that will reduce its consumption of a key intermediary ingredient and cut carbon dioxide (CO2) emissions, the company said on Thursday. Scientists say the industry releases between 8% to 9% of global CO2 emissions per year, making it one of the biggest polluters. To address that, Cemex will begin a process of "micronizing," or finely grinding, its clinker, the heated mix of limestone and minerals that is an intermediary product in cement making, the company said.
- Zacks
Is Cemex (CX) Stock Undervalued Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
