Cemex SAB de CV (ADR) (NYSE:CX) announced that certain institutional holders of CEMEX’s Convertible Subordinated Notes due 2015 are expected to convert approximately $280M aggregate principal amount of the Notes in exchange for an estimated 27.6M American Depositary Shares. CEMEX is not paying any cash to these holders in connection with these conversions. Following the closing of these transactions, approximately $435M aggregate principal amount of the Notes will remain outstanding. The Notes are not callable prior to maturity in March 2015. Cemex SAB de CV (ADR) (NYSE:CX) shares after opening at $12.30 on last trade day and at the end of the day closed at $12.06. Company price to sales ratio in past twelve months was calculated as 0.95 and price to cash ratio as 12.39. Cemex SAB de CV (ADR) (NYSE:CX) showed a negative weekly performance of -7.09%.
General Electric Company (NYSE:GE) will probably be named preferred bidder to supply 465 diesel locomotives to South Africa’s state-owned Transnet SOC Ltd. as part of a $3.2 billion investment, according people familiar with the matter. General Electric Company (NYSE:GE) shares fell -0.91% in last trading session and ended the day on $25.11. GE return on equity ratio is recorded as 10.40% and its return on assets is 2.00%. General Electric Company (NYSE:GE) yearly performance is 9.46%.
Stock analysts at Capstone lifted their target price on shares of Capstone Turbine (NASDAQ:CPST) from $1.90 to $2.70 in a report issued on Tuesday, StockRatingsNetwork reports. Capstone’s price target indicates a potential upside of 16.38% from the company’s current price. Capstone Turbine Corporation (NASDAQ:CPST) shares moved up 0.91% in last trading session and was closed at $2.22, while trading in range of $2.10 – $2.24. Capstone Turbine Corporation (NASDAQ:CPST) year to date (YTD) performance is 72.09%.
PulteGroup (NYSE:PHM) was downgraded by research analysts at Credit Suisse from an “outperform” rating to a “neutral” rating in a report released on Wednesday, TheFlyOnTheWall.com reports. They currently have a $20.00 price target on the stock. Credit Suisse’s price target suggests a potential upside of 4.28% from the company’s current price. PulteGroup, Inc. (NYSE:PHM) weekly performance is -5.71%. On last trading day company shares ended up $19.15. PulteGroup, Inc. (NYSE:PHM) distance from 50-day simple moving average (SMA50) is -3.64%. Analysts mean target price for the company is $21.91.