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

Shares of CEMEX, S.A.B. de C.V. (NYSE:CX) have been given a consensus rating of “Hold” by the seven brokerages that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $7.82.

A number of equities research analysts recently issued reports on the company. StockNews.com downgraded CEMEX from a “buy” rating to a “hold” rating in a research report on Tuesday, April 8th. Royal Bank of Canada lifted their price target on CEMEX from $5.00 to $6.00 and gave the company an “underperform” rating in a research report on Monday, February 10th. Morgan Stanley cut shares of CEMEX from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, March 26th. Finally, The Goldman Sachs Group lifted their target price 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.

CEMEX Trading Up 3.1 %

Shares of CX opened at $5.18 on Wednesday. CEMEX has a twelve month low of $4.89 and a twelve month high of $8.71. The stock has a market cap of $7.50 billion, a PE ratio of 8.21 and a beta of 1.28. The company has a quick ratio of 0.58, a current ratio of 0.82 and a debt-to-equity ratio of 0.43. The business’s 50-day moving average price is $6.05 and its 200-day moving average price is $5.82.

CEMEX (NYSE:CX) last posted its earnings results on Thursday, February 13th. The construction company reported $0.16 earnings per share 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%. On average, equities analysts forecast that CEMEX will post 0.69 EPS for the current fiscal year.

CEMEX Dividend Announcement

The company also recently announced a dividend, which was paid on Tuesday, March 18th. Shareholders of record on Monday, March 10th were paid a $0.0207 dividend. The ex-dividend date of this dividend was Monday, March 10th. CEMEX’s dividend payout ratio is currently 12.70%.

Institutional Investors Weigh In On CEMEX

A number of hedge funds have recently made changes to their positions in CX. Barclays PLC grew its holdings in shares of CEMEX by 41.8% during the 3rd 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 during the last quarter. Cetera Investment Advisers grew its stake in shares of CEMEX by 8.4% during the fourth quarter. Cetera Investment Advisers now owns 31,652 shares of the construction company’s stock valued at $179,000 after buying an additional 2,452 shares during the last quarter. Legacy Wealth Asset Management LLC grew its stake in shares of CEMEX by 3.4% during the first quarter. Legacy Wealth Asset Management LLC now owns 77,957 shares of the construction company’s stock valued at $437,000 after buying an additional 2,570 shares during the last quarter. Envestnet Portfolio Solutions Inc. increased its holdings in shares of CEMEX by 26.4% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 13,011 shares of the construction company’s stock worth $73,000 after buying an additional 2,720 shares during the period. Finally, Holistic Financial Partners lifted its stake in shares of CEMEX by 25.0% in the 4th quarter. Holistic Financial Partners now owns 13,933 shares of the construction company’s stock valued at $79,000 after acquiring an additional 2,787 shares during the last quarter. 82.97% of the stock is currently 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.