Goldman Sachs Sticks with Buy Rating as Cemex SAB Posts Strong Earnings

Goldman Sachs analysts have maintained their bullish stance on Cemex SAB (CX), reiterating a Buy rating and a price target of $15.50 in a report released on August 5th.

The company's shares closed at $11.61 on the same day.

Jorel Guilloty, a Goldman Sachs analyst, is ranked #5078 out of 12366 analysts according to TipRanks.

Cemex SAB also received a Buy rating from Scotiabank's Francisco Suarez Savin in a report issued on July 24. However, RBC Capital assigned a Hold rating to the company just one day prior, on July 23.

The company reported quarterly revenue of $4.59 billion and net profit of $346.64 million for the quarter ending June 30. This represents an increase in revenue from last year's $4.13 billion and net profit from $318.02 million.