Cemex (NYSE:CX) Stock Breaks Above Fifty Day Moving Average Following Analyst Downgrade

Shares of Cemex S.A.B. de C.V. (NYSE:CX) crossed above its fifty day moving average during trading on Tuesday after Royal Bank Of Canada raised their price target on the stock from $13.25 to $13.75. The stock has a fifty day moving average of $10.24 and traded as high as $10.61. Royal Bank Of Canada currently has a sector perform rating on the stock. Cemex shares last traded at $10.5650, with a volume of 8,481,693 shares traded.

Several other equities research analysts have also recently weighed in on CX. JPMorgan Chase & Co. increased their price objective on Cemex from $14.50 to $15.00 and gave the company an “overweight” rating in a research report on Wednesday, July 8th. Citigroup raised shares of Cemex from a “neutral” rating to a “buy” rating and dropped their target price for the stock from $13.70 to $12.00 in a research report on Thursday, October 15th. Scotiabank boosted their target price on shares of Cemex from $14.10 to $14.50 and gave the stock an “outperform” rating in a research report on Tuesday, July 14th. Zacks Research cut shares of Cemex from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 22nd. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Cemex in a report on Friday, August 21st. Six equities research 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 data from MarketBeat, Cemex currently has a consensus rating of “Moderate Buy” and an average target price of $13.91.

Insider Buying and Selling at Cemex

In other news, VP De La Garza Oscar Bal Elizondo sold 212,680 shares of the firm’s stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $10.68, for a total transaction of $2,271,422.40. Following the completion of the transaction, the vice president directly owned 289,490 shares of the company’s stock, valued at approximately $3,091,753.20. This trade represents a 42.35% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Zambrano Lozano purchased 400,800 shares of the business’s stock in a transaction dated Friday, September 25th. The shares were purchased at an average cost of $17.28 per share, for a total transaction of $6,925,824.00. Following the purchase, the director directly owned 10,000,000 shares of the company’s stock, valued at $172,800,000. This trade represents a 4.18% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders own 1.00% of the company’s stock.

Key Headlines Impacting Cemex

Here are the key news stories impacting Cemex this week:

• Positive Sentiment: Cemex reported third-quarter earnings of $0.28 per ADS, ahead of the $0.25 consensus estimate, while revenue reached $4.59 billion versus expectations of $4.45 billion. Operating EBITDA rose 12% to $990 million, helping drive the initial positive response in the shares. Cemex earnings beat estimates
• Positive Sentiment: Profit reportedly increased 55%, while operating free cash flow rose by more than $900 million year to date. The company also achieved 80% of its $475 million Project Cutting Edge savings target, supporting the case for improved cash generation and efficiency. CEMEX key takeaways
• Positive Sentiment: RBC raised its price target for CX from $13.25 to $13.75, indicating continued upside potential based on the company’s earnings and cash-flow progress. RBC raises Cemex target
• Neutral Sentiment: Scotiabank maintained a “sector outperform” rating but reduced its target from $14.50 to $13.80. The change still implies substantial upside, but the lower target signals more measured expectations. Scotiabank Cemex rating
• Negative Sentiment: Mexico’s recovery helped offset weaker U.S. performance, but analysts note that Cemex delivered incremental rather than transformational progress. Continued U.S. weakness and investor demands for stronger execution could limit further share-price gains. Cemex incremental progress

Institutional Trading of Cemex

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. NFSG Corp boosted its stake in shares of Cemex by 123.5% in the 1st quarter. NFSG Corp now owns 2,858 shares of the construction company’s stock valued at $33,000 after purchasing an additional 1,579 shares during the last quarter. Charles Schwab Trust Co bought a new stake in shares of Cemex during the second quarter worth approximately $132,000. V Square Quantitative Management LLC raised its stake in shares of Cemex by 12.2% during the first quarter. V Square Quantitative Management LLC now owns 14,003 shares of the construction company’s stock worth $160,000 after buying an additional 1,527 shares during the last quarter. Sax Wealth Advisors LLC raised its stake in shares of Cemex by 20.7% during the third quarter. Sax Wealth Advisors LLC now owns 17,006 shares of the construction company’s stock worth $162,000 after buying an additional 2,915 shares during the last quarter. Finally, Summa Corp. acquired a new position in Cemex in the first quarter valued at approximately $209,000. 82.97% of the stock is owned by institutional investors.

Cemex Stock Up 3.7%

The company’s fifty day moving average is $10.24 and its two-hundred day moving average is $11.68.

Cemex (NYSE:CX) last announced its earnings results on Sunday, October 25th. The construction company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.25 by $0.03. The business had revenue of $4.59 billion for the quarter, compared to analyst estimates of $4.45 billion. Equities analysts predict that Cemex S.A.B. de C.V. will post 0.89 EPS for the current fiscal year.

Cemex Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 24th. Shareholders of record on Tuesday, September 15th were given a dividend of $0.0312 per share. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $0.12 annualized dividend and a yield of 1.2%.

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.