CEMEX, S.A.B. de C.V. (NYSE:CX) Given Average Rating of “Hold” by Analysts

CEMEX, S.A.B. de C.V. (NYSE:CX) has received an average rating of “Hold” from the six analysts that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $7.82.

CX has been the topic of several research reports. The Goldman Sachs Group lifted their price target on shares of CEMEX from $8.00 to $9.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th. Royal Bank of Canada lifted their price target on shares of CEMEX from $5.00 to $6.00 and gave the stock an “underperform” rating in a research note on Monday, February 10th.

Institutional Trading of CEMEX

Large investors have recently added to or reduced their stakes in the stock. IFP Advisors Inc boosted its holdings in CEMEX by 159.1% in the fourth quarter. IFP Advisors Inc now owns 4,986 shares of the construction company’s stock valued at $28,000 after acquiring an additional 3,062 shares in the last quarter. Barclays PLC boosted its holdings in CEMEX by 41.8% in the third quarter. Barclays PLC now owns 6,249 shares of the construction company’s stock valued at $38,000 after acquiring an additional 1,843 shares in the last quarter. Townsquare Capital LLC bought a new stake in shares of CEMEX during the 4th quarter valued at $57,000. Dark Forest Capital Management LP bought a new stake in shares of CEMEX during the 4th quarter valued at $59,000. Finally, Raiffeisen Bank International AG bought a new stake in shares of CEMEX during the 4th quarter valued at $59,000. Institutional investors own 82.97% of the company’s stock.

CEMEX Trading Up 0.6 %

Shares of CX opened at $6.11 on Friday. The firm’s 50 day simple moving average is $6.10 and its 200 day simple moving average is $5.88. The company has a market capitalization of $8.85 billion, a P/E ratio of 9.69 and a beta of 1.45. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.82 and a quick ratio of 0.58. CEMEX has a 1-year low of $5.00 and a 1-year high of $9.27.

CEMEX (NYSE:CX) last announced its earnings results 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%. Sell-side analysts forecast that CEMEX will post 0.69 earnings per share for the current fiscal year.

CEMEX Dividend Announcement

The company also recently announced a dividend, which was paid on Tuesday, March 18th. Investors of record on Monday, March 10th were paid a $0.0207 dividend. The ex-dividend date was Monday, March 10th. CEMEX’s payout ratio is 12.70%.

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.