CEMEX, S.A.B. de C.V. (NYSE:CX) Receives Average Rating of “Hold” from Analysts

Shares of CEMEX, S.A.B. de C.V. (NYSE:CX) have been given an average rating of “Hold” by the six ratings firms that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $7.65.

Several research analysts recently issued reports on CX shares. Scotiabank reduced their target price on shares of CEMEX from $10.00 to $8.90 and set a “sector outperform” rating for the company in a report on Tuesday, October 29th. Barclays decreased their price objective on CEMEX from $9.00 to $8.00 and set an “overweight” rating for the company in a report on Tuesday, October 29th. StockNews.com downgraded shares of CEMEX from a “strong-buy” rating to a “buy” rating in a report on Friday, October 11th. JPMorgan Chase & Co. downgraded CEMEX from an “overweight” rating to a “neutral” rating and lowered their price target for the stock from $7.00 to $6.00 in a research report on Tuesday, October 29th. Finally, Royal Bank of Canada cut shares of CEMEX from a “sector perform” rating to an “underperform” rating and cut their target price for the stock from $6.00 to $5.00 in a research note on Wednesday, December 11th.

Hedge Funds Weigh In On CEMEX

Several institutional investors have recently bought and sold shares of the company. Ashton Thomas Private Wealth LLC acquired a new stake in shares of CEMEX in the second quarter valued at $33,000. Barclays PLC increased its holdings in CEMEX by 41.8% during the 3rd quarter. Barclays PLC now owns 6,249 shares of the construction company’s stock worth $38,000 after purchasing an additional 1,843 shares during the period. Allworth Financial LP raised its position in CEMEX by 36.0% in the 3rd quarter. Allworth Financial LP now owns 6,606 shares of the construction company’s stock valued at $40,000 after purchasing an additional 1,747 shares in the last quarter. Aureus Asset Management LLC purchased a new position in shares of CEMEX in the 3rd quarter valued at about $70,000. Finally, Vontobel Holding Ltd. acquired a new position in shares of CEMEX during the third quarter worth about $77,000. 82.97% of the stock is owned by institutional investors and hedge funds.

CEMEX Trading Down 0.4 %

NYSE CX opened at $5.68 on Monday. The company has a fifty day simple moving average of $5.60 and a two-hundred day simple moving average of $6.02. CEMEX has a 12-month low of $5.00 and a 12-month high of $9.27. The company has a current ratio of 0.98, a quick ratio of 0.73 and a debt-to-equity ratio of 0.49. The stock has a market cap of $8.23 billion, a P/E ratio of 18.93 and a beta of 1.50.

CEMEX Announces Dividend

The company also recently declared a dividend, which was paid on Wednesday, December 18th. Shareholders of record on Tuesday, December 10th were paid a dividend of $0.0207 per share. The ex-dividend date was Tuesday, December 10th. CEMEX’s dividend payout ratio (DPR) is 20.00%.

CEMEX Company Profile

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.