StockNews.com Downgrades CEMEX (NYSE:CX) to Hold

CEMEX (NYSE:CX) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday.

A number of other analysts have also recently weighed in on CX. Morgan Stanley cut shares of CEMEX from an “overweight” rating to an “equal weight” rating in a report on Wednesday, March 26th. The Goldman Sachs Group boosted their price target on shares of CEMEX from $8.00 to $9.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. Finally, Royal Bank of Canada raised their price objective on CEMEX from $5.00 to $6.00 and gave the stock an “underperform” rating in a report on Monday, February 10th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $7.82.

CEMEX Stock Down 0.5 %

Shares of NYSE:CX traded down $0.03 during trading on Tuesday, hitting $5.09. The company’s stock had a trading volume of 37,181,798 shares, compared to its average volume of 10,170,640. CEMEX has a fifty-two week low of $4.93 and a fifty-two week high of $9.00. The business has a 50 day moving average price of $6.11 and a two-hundred day moving average price of $5.85. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.58 and a current ratio of 0.82. The company has a market capitalization of $7.37 billion, a PE ratio of 8.07 and a beta of 1.28.

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

Institutional Investors Weigh In On CEMEX

Large investors have recently modified their holdings of the stock. Dodge & Cox increased its stake in CEMEX by 7,200.6% in the 4th quarter. Dodge & Cox now owns 49,622,009 shares of the construction company’s stock valued at $279,868,000 after buying an additional 48,942,309 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of CEMEX by 30.6% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 40,745,819 shares of the construction company’s stock valued at $229,806,000 after acquiring an additional 9,541,622 shares during the period. Lazard Asset Management LLC raised its position in CEMEX by 3.2% during the fourth quarter. Lazard Asset Management LLC now owns 36,836,513 shares of the construction company’s stock worth $207,757,000 after acquiring an additional 1,127,293 shares during the last quarter. Schroder Investment Management Group lifted its holdings in CEMEX by 745.6% in the 4th quarter. Schroder Investment Management Group now owns 26,739,107 shares of the construction company’s stock valued at $150,809,000 after purchasing an additional 23,576,914 shares in the last quarter. Finally, Brandes Investment Partners LP lifted its holdings in shares of CEMEX by 33.7% during the 4th quarter. Brandes Investment Partners LP now owns 24,233,835 shares of the construction company’s stock worth $136,679,000 after acquiring an additional 6,110,857 shares during the period. Hedge funds and other institutional investors own 82.97% of the company’s stock.

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.