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

Shares of CEMEX, S.A.B. de C.V. (NYSE:CX) have received an average rating of “Hold” from the six analysts that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $7.82.

A number of equities analysts have recently weighed in on CX shares. Royal Bank of Canada boosted their price objective on shares of CEMEX from $5.00 to $6.00 and gave the company an “underperform” rating in a research report on Monday, February 10th. JPMorgan Chase & Co. lowered shares of CEMEX from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $7.00 to $6.00 in a research report on Tuesday, October 29th. Barclays dropped their price target on shares of CEMEX from $9.00 to $8.00 and set an “overweight” rating for the company in a research report on Tuesday, October 29th. Finally, Scotiabank dropped their price target on shares of CEMEX from $10.00 to $8.90 and set a “sector outperform” rating for the company in a research report on Tuesday, October 29th.

Hedge Funds Weigh In On CEMEX

Several institutional investors and hedge funds have recently bought and sold shares of the stock. IFP Advisors Inc increased its position in shares of CEMEX by 159.1% in the fourth quarter. IFP Advisors Inc now owns 4,986 shares of the construction company’s stock worth $28,000 after acquiring an additional 3,062 shares in the last quarter. Barclays PLC increased its position in shares of CEMEX by 41.8% in the third quarter. Barclays PLC now owns 6,249 shares of the construction company’s stock worth $38,000 after acquiring an additional 1,843 shares in the last quarter. Allworth Financial LP increased its position in shares of CEMEX by 36.0% in the third quarter. Allworth Financial LP now owns 6,606 shares of the construction company’s stock worth $40,000 after acquiring an additional 1,747 shares in the last quarter. Townsquare Capital LLC acquired a new stake in shares of CEMEX in the fourth quarter worth $57,000. Finally, Dark Forest Capital Management LP acquired a new stake in shares of CEMEX in the fourth quarter worth $59,000. Institutional investors and hedge funds own 82.97% of the company’s stock.

CEMEX Stock Performance

NYSE:CX opened at $6.39 on Tuesday. The firm has a 50 day simple moving average of $5.94 and a 200-day simple moving average of $5.91. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.82 and a quick ratio of 0.58. The firm has a market cap of $9.25 billion, a PE ratio of 10.14 and a beta of 1.49. CEMEX has a 1-year low of $5.00 and a 1-year high of $9.27.

CEMEX (NYSE:CX) last posted its quarterly earnings data on Thursday, February 13th. The construction company reported $0.16 earnings per share for the quarter, beating 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 expect that CEMEX will post 0.69 EPS for the current year.

CEMEX Dividend Announcement

The business also recently declared a dividend, which was paid on Wednesday, December 18th. Investors of record on Tuesday, December 10th were given a dividend of $0.0207 per share. The ex-dividend date was Tuesday, December 10th. CEMEX’s dividend payout ratio (DPR) is 9.52%.

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.