CEMEX, S.A.B. de C.V. (NYSE:CX) Given Average Rating of “Moderate Buy” by Brokerages

Shares of CEMEX, S.A.B. de C.V. (NYSE:CX) have earned a consensus rating of “Moderate Buy” from the five research firms that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $9.37.

Several equities analysts have commented on CX shares. Bank of America raised shares of CEMEX from a “neutral” rating to a “buy” rating and raised their target price for the company from $8.20 to $9.00 in a research note on Tuesday, January 9th. Barclays cut shares of CEMEX from an “overweight” rating to an “equal weight” rating and set a $9.00 target price on the stock. in a research note on Friday, February 9th. Finally, StockNews.com cut shares of CEMEX from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 9th.

CEMEX Trading Up 1.2 %

CEMEX stock opened at $8.28 on Wednesday. The firm’s 50-day moving average is $8.28 and its 200-day moving average is $7.59. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.47 and a current ratio of 0.74. CEMEX has a 1 year low of $5.67 and a 1 year high of $9.27. The company has a market cap of $12.00 billion, a P/E ratio of 69.00, a PEG ratio of 0.15 and a beta of 1.47.

CEMEX (NYSE:CX) last issued its quarterly earnings data on Thursday, February 8th. The construction company reported ($0.30) earnings per share for the quarter. The firm had revenue of $4.24 billion during the quarter. CEMEX had a net margin of 1.06% and a return on equity of 1.50%. On average, equities analysts expect that CEMEX will post 0.94 earnings per share for the current year.

Institutional Trading of CEMEX

Several institutional investors have recently made changes to their positions in CX. Creative Financial Designs Inc. ADV bought a new stake in CEMEX in the fourth quarter worth approximately $26,000. CWM LLC grew its position in CEMEX by 75.0% in the first quarter. CWM LLC now owns 3,514 shares of the construction company’s stock worth $32,000 after acquiring an additional 1,506 shares in the last quarter. Blue Trust Inc. grew its position in CEMEX by 65.0% in the fourth quarter. Blue Trust Inc. now owns 5,232 shares of the construction company’s stock worth $41,000 after acquiring an additional 2,062 shares in the last quarter. PNC Financial Services Group Inc. grew its position in CEMEX by 40.6% in the third quarter. PNC Financial Services Group Inc. now owns 8,501 shares of the construction company’s stock worth $55,000 after acquiring an additional 2,454 shares in the last quarter. Finally, Euro Pacific Asset Management LLC bought a new stake in CEMEX in the third quarter worth approximately $72,000. 82.97% of the stock is currently owned by institutional investors and hedge funds.

About CEMEX

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.