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

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 stock, Marketbeat.com reports. One investment 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 target among brokerages that have issued ratings on the stock in the last year is $7.82.

A number of research analysts have recently issued reports on the stock. Royal Bank of Canada lifted their price objective on shares of CEMEX from $5.00 to $6.00 and gave the company an “underperform” rating in a report on Monday, February 10th. The Goldman Sachs Group lifted their price objective on shares of CEMEX from $8.00 to $9.00 and gave the company a “buy” rating in a report on Thursday, February 27th.

CEMEX Trading Up 2.3 %

NYSE:CX opened at $6.01 on Friday. The company has a current ratio of 0.82, a quick ratio of 0.58 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $8.70 billion, a price-to-earnings ratio of 9.53 and a beta of 1.45. The firm has a fifty day simple moving average of $6.07 and a two-hundred day simple moving average of $5.89. CEMEX has a 12 month low of $5.00 and a 12 month high of $9.27.

CEMEX (NYSE:CX) last posted its quarterly earnings results on Thursday, February 13th. The construction company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.06. CEMEX had a net margin of 5.70% and a return on equity of 7.78%. Analysts expect that CEMEX will post 0.69 EPS for the current fiscal year.

CEMEX Announces Dividend

The company also recently declared a dividend, which will be paid on Tuesday, March 18th. Investors of record on Monday, March 10th will be given a dividend of $0.0207 per share. The ex-dividend date of this dividend is Monday, March 10th. CEMEX’s payout ratio is currently 12.70%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. IFP Advisors Inc lifted its position 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 valued at $28,000 after purchasing an additional 3,062 shares in the last quarter. Barclays PLC lifted its position in shares of CEMEX by 41.8% during the third quarter. Barclays PLC now owns 6,249 shares of the construction company’s stock valued at $38,000 after purchasing an additional 1,843 shares in the last quarter. Townsquare Capital LLC bought a new position in shares of CEMEX during the fourth quarter valued at about $57,000. Dark Forest Capital Management LP bought a new position in shares of CEMEX during the fourth quarter valued at about $59,000. Finally, Raiffeisen Bank International AG bought a new position in shares of CEMEX during the fourth quarter valued at about $59,000. 82.97% of the stock is owned by 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.