This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

6 Cement Stocks Worth Buying: Analysts

Stocks in this article: TXIMLMUSGCXCRHCADC

3. CEMEX (CX), is a global cement manufacturer engaged in the production, distribution, marketing and sale of cement, ready-mix concrete, aggregates and clinker through its operating subsidiaries. The company's operations are located in North America, Europe, South America, Central America, the Caribbean, Africa, the Middle East, and Asia.

Of the 18 analysts covering the stock, 33% recommend a buy, whereas 50% rate a hold. Analysts polled by Bloomberg expect the stock to gain an average 15.7% to $9.67 over the next 12 months.

Net sales for the first quarter of 2011 were $3.4 billion, up 11% from the comparable quarter prior year. Operating income for the same period soared 16% to $172 million. Net loss narrowed to $276 million from $342 million in first quarter 2010. Shipments for domestic gray cement, ready mix, and aggregates expanded 3%, 14%, and 10% year-over-year, respectively.

Capital expenditure for 2011 is expected to reach $470 million with $120 million allocated for strategic capex. Cost of energy, on a per-ton-of-cement-produced basis, is estimated to increase by almost 13%.

The company recently received approval for a 25% capacity increase for its newest cement kiln. The scale up is mainly to expand capacity and mining reserves at the site, and not aimed at boosting sales. Kiln No. 2 at the Cemex South Brooksville Cement Plant with a 2,800-tons-per-day capacity would expand to 3,500 tons per day, as per company sources. Besides, Cemex is also eyeing a dairy farm in Columbia County for a new aggregate mine, drawn by access to water and volume of untapped aggregate rock deposited in that section of Columbia River floodplain.

4 of 6

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,974.31 -31.44 -0.18%
S&P 500 0.00 -2.75 -0.14%
NASDAQ 4,549.2260 -15.0680 -0.33%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs