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

Shares of CEMEX, S.A.B. de C.V. (NYSE:CX) have received a consensus rating of “Hold” from the six brokerages that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $7.82.

A number of analysts have recently commented on the company. Scotiabank dropped their price target on CEMEX from $10.00 to $8.90 and set a “sector outperform” rating on the stock in a research report on Tuesday, October 29th. Royal Bank of Canada raised their price objective on shares of CEMEX from $5.00 to $6.00 and gave the stock an “underperform” rating in a report on Monday, February 10th. JPMorgan Chase & Co. downgraded shares of CEMEX from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $7.00 to $6.00 in a report on Tuesday, October 29th. Finally, Barclays dropped their target price on shares of CEMEX from $9.00 to $8.00 and set an “overweight” rating for the company in a research report on Tuesday, October 29th.

CEMEX Price Performance

CX stock opened at $6.70 on Tuesday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.73 and a current ratio of 0.98. The firm has a market cap of $9.71 billion, a P/E ratio of 10.64 and a beta of 1.49. The firm’s fifty day moving average is $5.84 and its 200 day moving average is $5.89. CEMEX has a 52 week low of $5.00 and a 52 week high of $9.27.

CEMEX (NYSE:CX) last announced its quarterly earnings results on Thursday, February 13th. The construction company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.06. CEMEX had a net margin of 5.70% and a return on equity of 7.82%. Research analysts predict that CEMEX will post 0.76 earnings per share for the current year.

CEMEX Dividend Announcement

The company also recently declared a dividend, which was paid on Wednesday, December 18th. Stockholders of record on Tuesday, December 10th were given a dividend of $0.0207 per share. The ex-dividend date was Tuesday, December 10th. CEMEX’s dividend payout ratio is currently 9.52%.

Institutional Trading of CEMEX

A number of large investors have recently made changes to their positions in CX. IFP Advisors Inc lifted its holdings in shares of CEMEX by 159.1% during the fourth quarter. IFP Advisors Inc now owns 4,986 shares of the construction company’s stock worth $28,000 after purchasing an additional 3,062 shares during the period. Barclays PLC lifted its position in CEMEX by 41.8% during the third quarter. Barclays PLC now owns 6,249 shares of the construction company’s stock worth $38,000 after buying an additional 1,843 shares during the period. Allworth Financial LP boosted its holdings in shares of 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 during the last quarter. Townsquare Capital LLC acquired a new stake in CEMEX during the 4th quarter worth approximately $57,000. Finally, Dark Forest Capital Management LP purchased a new position in CEMEX in the fourth quarter valued at about $59,000. 82.97% of the stock is currently owned by hedge funds and other institutional investors.

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.