Jefferies Group upgraded shares of Cemex SAB de CV (NYSE:CX) from a hold rating to a buy rating in a research report sent to investors on Friday, The Fly reports. The firm currently has $7.00 price target on the stock, down from their previous price target of $8.00.

Shares of Cemex SAB de CV (NYSE:CX) opened at 4.53 on Friday. Cemex SAB de CV has a 12-month low of $3.64 and a 12-month high of $10.48. The firm’s 50-day moving average price is $4.81 and its 200-day moving average price is $6.69. The stock’s market cap is $62.14 billion.

Several institutional investors have bought and sold shares of the company. Creative Planning increased its position in Cemex SAB de CV by 4.2% in the fourth quarter. Creative Planning now owns 61,125 shares of the company’s stock valued at $340,000 after buying an additional 2,487 shares during the period. DNB Asset Management increased its position in Cemex SAB de CV by 20.8% in the fourth quarter. DNB Asset Management now owns 491,724 shares of the company’s stock valued at $2,738,903 after buying an additional 84,507 shares during the period. DUPONT CAPITAL MANAGEMENT Corp increased its position in Cemex SAB de CV by 8.0% in the fourth quarter. DUPONT CAPITAL MANAGEMENT Corp now owns 3,316,036 shares of the company’s stock valued at $18,470,000 after buying an additional 246,786 shares during the period. Janus Capital Management increased its position in Cemex SAB de CV by 401.0% in the third quarter. Janus Capital Management now owns 2,664,516 shares of the company’s stock valued at $18,628,000 after buying an additional 2,132,674 shares during the period. Finally, Hosking Partners LLP increased its position in Cemex SAB de CV by 1.2% in the fourth quarter. Hosking Partners LLP now owns 3,985,780 shares of the company’s stock valued at $22,201,000 after buying an additional 45,807 shares during the period.

A number of other research analysts have also weighed in on the stock. Zacks Investment Research raised shares of Cemex SAB de CV from a hold rating to a buy rating and set a $8.75 target price on the stock in a research note on Wednesday, October 7th. Macquarie lowered shares of Cemex SAB de CV from an outperform rating to a neutral rating and decreased their target price for the stock from $18.00 to $7.30 in a research note on Friday, January 8th. Scotiabank decreased their target price on shares of Cemex SAB de CV from $10.90 to $10.50 in a research note on Tuesday, October 13th. Barclays lowered shares of Cemex SAB de CV from an overweight rating to an equal weight rating and decreased their target price for the stock from $12.00 to $9.00 in a research note on Friday, October 23rd. Finally, BNP Paribas decreased their target price on shares of Cemex SAB de CV from $9.50 to $8.50 and set a neutral rating on the stock in a research note on Friday, October 23rd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average target price of $8.64.

CEMEX, S.A.B. de C.V. (NYSE:CX) is an operating and holding company engaged, directly or indirectly, through its operating subsidiaries, primarily in the production, distribution, marketing and sale of cement, ready-mix concrete, aggregates, clinker and other construction materials throughout the world, and that provides construction-related services to customers and communities in more than 50 countries throughout the world. The Company operates in geographical segments: Mexico, United States, Northern Europe, Mediterranean, South America and the Caribbean (SAC), and Asia. Its types of cement include Gray Ordinary Portland Cement, White Portland Cement, Masonry or Mortar, Oil-well Cement and Blended Cement. The Company’s main cement production facilities are located in Mexico, the United States, Spain, Egypt, Germany, Colombia, the Philippines, Poland, the Dominican Republic, the United Kingdom, Croatia, Panama, Latvia, Puerto Rico, Thailand, Costa Rica and Nicaragua.

12 Month Chart for NYSE:CX

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