CEMEX, S.A.B. de C.V. (NYSE:CX – Get Free Report) has received a consensus recommendation of “Moderate Buy” from the six ratings firms that are covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $8.12.
A number of analysts have recently issued reports on CX shares. Royal Bank of Canada upgraded shares of CEMEX from an “underperform” rating to a “sector perform” rating and cut their price target for the stock from $9.00 to $6.50 in a report on Tuesday, October 8th. Barclays raised CEMEX from an “equal weight” rating to an “overweight” rating and set a $9.00 price objective for the company in a research report on Wednesday, July 31st. The Goldman Sachs Group assumed coverage on shares of CEMEX in a report on Wednesday, July 10th. They issued a “buy” rating and a $9.00 price objective on the stock. StockNews.com lowered CEMEX from a “strong-buy” rating to a “buy” rating in a research note on Friday, October 11th. Finally, JPMorgan Chase & Co. lowered their target price on CEMEX from $8.00 to $7.00 and set an “overweight” rating for the company in a report on Wednesday, October 9th.
Get Our Latest Stock Analysis on CEMEX
Institutional Investors Weigh In On CEMEX
CEMEX Price Performance
Shares of CEMEX stock opened at $5.93 on Wednesday. The stock has a market capitalization of $8.58 billion, a P/E ratio of 42.32 and a beta of 1.47. The business has a 50 day simple moving average of $6.17 and a two-hundred day simple moving average of $6.90. CEMEX has a 12 month low of $5.50 and a 12 month high of $9.27. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.90 and a quick ratio of 0.65.
CEMEX (NYSE:CX – Get Free Report) last issued its earnings results on Thursday, July 25th. The construction company reported $0.17 EPS for the quarter. The business had revenue of $4.49 billion during the quarter. CEMEX had a net margin of 1.05% and a return on equity of 1.66%. As a group, analysts predict that CEMEX will post 0.79 EPS for the current fiscal year.
CEMEX Cuts Dividend
The firm also recently announced a Variable dividend, which was paid on Tuesday, September 24th. Stockholders of record on Friday, September 13th were issued a $0.021 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a dividend yield of 0.7%. CEMEX’s payout ratio is 28.57%.
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.
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