Wall Street Zen Downgrades Cemex (NYSE:CX) to Hold

Cemex (NYSE:CX) was downgraded by Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued on Monday.

Other equities research analysts have also issued reports about the company. Barclays boosted their target price on Cemex from $9.00 to $10.00 and gave the stock an “overweight” rating in a report on Tuesday, July 29th. Bank of America raised Cemex from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $10.00 to $10.80 in a research report on Wednesday, October 15th. JPMorgan Chase & Co. raised Cemex from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $8.10 to $10.50 in a research report on Tuesday, August 26th. Scotiabank downgraded Cemex from a “sector outperform” rating to a “sector perform” rating and set a $11.10 price target on the stock. in a research report on Tuesday, October 21st. Finally, The Goldman Sachs Group lifted their price target on Cemex from $10.00 to $11.00 and gave the stock a “buy” rating in a research report on Friday, October 17th. Four investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $9.52.

Cemex Stock Up 10.0%

CX opened at $10.30 on Monday. The business has a 50 day moving average price of $9.23 and a 200 day moving average price of $7.83. Cemex has a twelve month low of $4.89 and a twelve month high of $10.36. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.61 and a current ratio of 0.86. The firm has a market cap of $14.92 billion, a P/E ratio of 10.09, a price-to-earnings-growth ratio of 1.35 and a beta of 1.51.

Institutional Trading of Cemex

A number of institutional investors and hedge funds have recently modified their holdings of CX. WealthCollab LLC increased its position in shares of Cemex by 73.7% during the second quarter. WealthCollab LLC now owns 3,724 shares of the construction company’s stock valued at $26,000 after purchasing an additional 1,580 shares during the period. Wayfinding Financial LLC bought a new stake in shares of Cemex during the first quarter valued at approximately $29,000. Northwestern Mutual Wealth Management Co. increased its position in shares of Cemex by 256.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,298 shares of the construction company’s stock valued at $30,000 after purchasing an additional 3,093 shares during the period. Farther Finance Advisors LLC grew its position in Cemex by 63.7% in the second quarter. Farther Finance Advisors LLC now owns 5,210 shares of the construction company’s stock valued at $36,000 after acquiring an additional 2,027 shares during the period. Finally, Militia Capital Partners LP bought a new stake in Cemex in the second quarter valued at $46,000. 82.97% of the stock is currently owned by institutional investors.

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.