#4 - CEMEX (NYSE:CX)
CEMEX SAB de CV (NYSE: CX) may be an appealing option for investors looking for a mid-cap name in this sector. As of May 29, 2023, CEMEX has a market cap of just over $9 billion. Plus, as of that date, the company had a low P/E ratio of just over 10x earnings.
CEMEX is carving out a spot in this sector as a leader in sustainable concrete production. At a time when there’s a heightened awareness of climate change, it may surprise you to know that cement production accounts for approximately 7% of global CO2 emissions. CEMEX is working to reduce that carbon footprint with its Vertua family of products that features “sustainability attributes like energy efficiency, resource efficiency, among others, with a low or neutral CO2 footprint.”.
CX stock is up 5.88% in the last five years and it doesn’t pay a dividend. You’re also getting a little more volatility with CX stock. It has a beta of 1.47. But among concrete stocks, CEMEX may offer investors a higher upside that justifies the added risk.
About CEMEX
CEMEX, SAB. de C.V., together with its subsidiaries, produces, markets, distributes, and sells cement, ready-mix concrete, aggregates, urbanization solutions, and other construction materials and services worldwide. The company offers gray ordinary portland, white portland, oil-well, and blended cement products; mortar; and standard ready-mix, architectural and decorative, rapid-setting, fiber-reinforced, fluid-fill, roller-compacted, self-consolidating, pervious, and antibacterial, and other concrete products.
Read More - Current Price
- $5.45
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 3 Buy Ratings, 3 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $7.82 (43.4% Upside)
