Stocks to Lookout for: CEMEX, S.A.B. de C.V. (NYSE:CX)


CEMEX, S.A.B. de C.V. (NYSE:CX) retreated -0.38% and closed its last session at $7.81. The stock has the market capitalization of $10.96 Billion with the total outstanding shares of 1.4 Billion. CEMEX, S.A.B. de C.V.. has Analysts’ Mean Recommendation of 2 between the scale of 1 to 5 (1 represents Strong Buy and 5 means Sell). The stock currently has P/E of 20.94 for trailing twelve months while its Forward P/E is 15.68.

CEMEX, S.A.B. de C.V. (NYSE:CX) touched its 52-Week High of $9.35 on Nov 8, 2016 while it’s 52-Week Low of $3.5 on Jan 20, 2016. The company currently has Return on Assets of 2.2 percent, Return on Equity of 8.1% and Return on Investment of 5.2 percent. The stock currently showing Weekly Volatility of 3.12%% and Monthly Volatility of 4.47% Percent with Average True Range of 0.35 and Beta of 1.91.

The 18 analysts offering 12-month price forecasts for Cemex SAB de CV have a median target of 9.25, with a high estimate of 11.00 and a low estimate of 7.80. The median estimate represents a +18.49% increase from the last price of 7.81.

Press Release:

The Company on 30 November declared that it has prepaid U.S.$373 million corresponding to the September 2017 amortization under the facilities agreement dated September 29, 2014, as amended from time to time (the “Credit Agreement”). With this prepayment, and as part of an agreement reached with a group of existing lenders in the Credit Agreement, U.S.$664 million of currently funded commitments maturing in 2018 have been exchanged into a revolving facility, maintaining their original amortization schedule and the same terms and conditions.

The new revolving facility will provide CEMEX with additional flexibility to optimize the use of proceeds from asset sales and free cash flow while it continues to proactively manage its debt profile.

With this initiative the total amount of commitments under revolving facilities in the Credit Agreement has increased to U.S.$1.4 billion, including U.S.$664 million under this new revolving facility maturing in 2018 and U.S.$749 million with final maturity in 2020.

Company 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.