Scotiabank Has Lowered Expectations for Cemex (NYSE:CX) Stock Price

Cemex (NYSE:CX) had its price objective cut by analysts at Scotiabank from $14.50 to $13.80 in a research report issued to clients and investors on Tuesday, Benzinga reports. The brokerage currently has a “sector outperform” rating on the construction company’s stock. Scotiabank‘s target price would suggest a potential upside of 33.38% from the stock’s previous close.

A number of other analysts have also issued reports on the stock. Wall Street Zen lowered shares of Cemex from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Citigroup raised Cemex from a “neutral” rating to a “buy” rating and cut their price target for the stock from $13.70 to $12.00 in a report on Thursday, October 15th. Weiss Ratings reissued a “hold (c-)” rating on shares of Cemex in a research note on Friday, August 21st. JPMorgan Chase & Co. boosted their price target on Cemex from $14.50 to $15.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 8th. Finally, Barclays raised their price objective on shares of Cemex from $15.00 to $16.00 and gave the company an “overweight” rating in a research note on Friday, July 24th. Six analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $13.91.

Cemex Stock Up 1.5%

Cemex stock traded up $0.16 during midday trading on Tuesday, hitting $10.35. 922,717 shares of the stock were exchanged, compared to its average volume of 6,366,594. Cemex has a 1 year low of $9.30 and a 1 year high of $13.67. The firm has a market cap of $14.99 billion, a P/E ratio of 30.42 and a beta of 1.51. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.92 and a quick ratio of 0.68. The company has a 50 day moving average price of $10.25 and a two-hundred day moving average price of $11.68.

Cemex (NYSE:CX) last issued its quarterly earnings data on Monday, October 26th. The construction company reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.03. The firm had revenue of $4.59 billion for the quarter, compared to analyst estimates of $4.45 billion. Cemex had a net margin of 2.83% and a return on equity of 3.82%. On average, sell-side analysts predict that Cemex will post 0.89 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Cemex news, EVP Mauricio Doehner sold 927,900 shares of Cemex stock in a transaction on Wednesday, September 30th. The shares were sold at an average price of $9.57, for a total transaction of $8,880,003.00. Following the completion of the sale, the executive vice president owned 584,930 shares of the company’s stock, valued at $5,597,780.10. This trade represents a 61.34% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Zambrano Lozano bought 400,800 shares of the company’s stock in a transaction on Friday, September 25th. The stock was purchased at an average cost of $17.28 per share, for a total transaction of $6,925,824.00. Following the completion of the transaction, the director owned 10,000,000 shares in the company, valued at approximately $172,800,000. The trade was a 4.18% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders own 1.00% of the company’s stock.

Institutional Trading of Cemex

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Healthcare of Ontario Pension Plan Trust Fund increased its position in shares of Cemex by 1,747.0% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 3,646,000 shares of the construction company’s stock valued at $41,710,000 after purchasing an additional 3,448,600 shares during the period. Robeco Institutional Asset Management B.V. raised its stake in shares of Cemex by 10.1% in the third quarter. Robeco Institutional Asset Management B.V. now owns 21,224,097 shares of the construction company’s stock valued at $201,841,000 after purchasing an additional 1,951,012 shares in the last quarter. ABC Arbitrage SA bought a new position in Cemex in the first quarter worth $13,425,000. Lazard Asset Management LLC lifted its position in Cemex by 14.4% in the first quarter. Lazard Asset Management LLC now owns 4,046,527 shares of the construction company’s stock worth $46,292,000 after purchasing an additional 508,016 shares during the period. Finally, Bank of America Corp DE lifted its position in Cemex by 31.8% in the first quarter. Bank of America Corp DE now owns 1,916,167 shares of the construction company’s stock worth $21,921,000 after purchasing an additional 462,848 shares during the period. Institutional investors and hedge funds own 82.97% of the company’s stock.

Cemex News Roundup

Here are the key news stories impacting Cemex this week:

• Positive Sentiment: Q3 results beat expectations: Cemex reported adjusted EPS of $0.28 versus the $0.25 consensus estimate and revenue of $4.59 billion versus expectations of $4.45 billion. Operating EBITDA increased 12% to $990 million. Cemex reports 12% rise in Q3 operating EBITDA
• Positive Sentiment: Profitability and cash flow improved: Third-quarter profit rose 55%, while management highlighted record free cash flow. Operating free cash flow increased by more than $900 million year to date, strengthening the investment case and potentially supporting debt reduction or shareholder returns. Cemex Q3 profit rises 55%
• Positive Sentiment: Cost savings are progressing: Project Cutting Edge has achieved 80% of its $475 million savings target, indicating that efficiency initiatives are contributing to improved cash generation and margins. CEMEX key takeaways for long-term investors
• Positive Sentiment: Analyst target increased: RBC raised its price target for CX from $13.25 to $13.75, signaling greater confidence in Cemex’s earnings and cash-flow outlook. RBC raises target for Cemex
• Neutral Sentiment: Mexico’s recovery helped offset softer conditions in the United States, making regional performance an important factor for the stock’s next move. Cemex earnings beat estimates
• Negative Sentiment: U.S. weakness remains a headwind: Despite the overall earnings beat, weaker U.S. activity could limit near-term growth and temper the positive impact of Mexico’s recovery.

About Cemex

Cemex, SAB. de C.V. is a global building materials company headquartered in San Pedro Garza García, Mexico. The company produces and markets cement, ready-mix concrete, aggregates and related construction materials used in residential, commercial and infrastructure projects.

Cemex also provides construction solutions and services, including materials distribution, logistics and digital tools designed to support contractors, builders and other customers. Its products serve a broad range of applications, from housing and commercial development to roads, bridges, airports and other major infrastructure.

Founded in Mexico in 1906, Cemex has expanded through organic growth and acquisitions into an international business serving customers across the Americas, Europe, Africa, the Middle East and Asia.