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

Shares of CEMEX, S.A.B. de C.V. (NYSE:CX) have received a consensus rating of “Moderate Buy” from the six research firms that are covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $8.12.

Several equities analysts have commented on the stock. Barclays upgraded shares of CEMEX from an “equal weight” rating to an “overweight” rating and set a $9.00 price target for the company in a research note on Wednesday, July 31st. JPMorgan Chase & Co. dropped their price target on shares of CEMEX from $8.00 to $7.00 and set an “overweight” rating for the company in a research note on Wednesday, October 9th. The Goldman Sachs Group initiated coverage on shares of CEMEX in a research note on Wednesday, July 10th. They set a “buy” rating and a $9.00 target price for the company. StockNews.com downgraded shares of CEMEX from a “strong-buy” rating to a “buy” rating in a research note on Friday, October 11th. Finally, Royal Bank of Canada upgraded shares of CEMEX from an “underperform” rating to a “sector perform” rating and lowered their target price for the stock from $9.00 to $6.50 in a research note on Tuesday, October 8th.

Hedge Funds Weigh In On CEMEX

Large investors have recently bought and sold shares of the stock. CWM LLC boosted its stake in CEMEX by 75.0% in the first quarter. CWM LLC now owns 3,514 shares of the construction company’s stock valued at $32,000 after acquiring an additional 1,506 shares in the last quarter. Ashton Thomas Private Wealth LLC acquired a new position in CEMEX in the second quarter valued at $33,000. Vontobel Holding Ltd. acquired a new position in CEMEX in the third quarter valued at $77,000. Thoroughbred Financial Services LLC acquired a new position in CEMEX in the second quarter valued at $81,000. Finally, Fisher Asset Management LLC raised its holdings in shares of CEMEX by 3,180.2% in the fourth quarter. Fisher Asset Management LLC now owns 10,923 shares of the construction company’s stock valued at $85,000 after buying an additional 10,590 shares during the last quarter. Institutional investors and hedge funds own 82.97% of the company’s stock.

CEMEX Stock Down 0.6 %

Shares of NYSE CX opened at $5.85 on Wednesday. The business’s 50 day moving average is $6.12 and its two-hundred day moving average is $6.77. The firm has a market cap of $8.47 billion, a price-to-earnings ratio of 41.75 and a beta of 1.47. The company has a quick ratio of 0.65, a current ratio of 0.90 and a debt-to-equity ratio of 0.53. CEMEX has a 52-week low of $5.50 and a 52-week high of $9.27.

CEMEX (NYSE:CX) last posted its quarterly earnings results on Thursday, July 25th. The construction company reported $0.17 EPS for the quarter. The business had revenue of $4.49 billion during the quarter. CEMEX had a net margin of 1.05% and a return on equity of 1.66%. Research analysts predict that CEMEX will post 0.79 EPS for the current year.

CEMEX Cuts Dividend

The business also recently disclosed a Variable dividend, which was paid on Tuesday, September 24th. Shareholders of record on Friday, September 13th were paid a $0.021 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a yield of 0.7%. CEMEX’s dividend payout ratio is presently 28.57%.

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.