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

Shares of CEMEX, S.A.B. de C.V. (NYSE:CXGet Rating) have been assigned an average rating of “Buy” from the ten research firms that are currently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $8.96.

CX has been the topic of several recent analyst reports. Zacks Investment Research downgraded shares of CEMEX from a “buy” rating to a “hold” rating in a report on Wednesday, March 9th. TheStreet downgraded shares of CEMEX from a “b-” rating to a “c+” rating in a report on Wednesday, April 27th. The Goldman Sachs Group downgraded shares of CEMEX from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $9.20 to $6.00 in a report on Monday, April 4th. Barclays decreased their price target on shares of CEMEX from $9.00 to $8.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 26th. Finally, Credit Suisse Group upgraded shares of CEMEX from a “neutral” rating to an “outperform” rating and set a $6.70 price target on the stock in a research report on Wednesday, April 20th.

Shares of CX opened at $4.36 on Tuesday. The company has a market capitalization of $6.41 billion, a PE ratio of 22.95, a price-to-earnings-growth ratio of 0.61 and a beta of 1.32. CEMEX has a one year low of $4.14 and a one year high of $9.09. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.79 and a quick ratio of 0.55. The company’s fifty day moving average price is $4.88 and its 200 day moving average price is $5.81.

CEMEX (NYSE:CXGet Rating) last announced its earnings results on Thursday, February 10th. The construction company reported $0.15 EPS for the quarter. The firm had revenue of $3.62 billion for the quarter. CEMEX had a net margin of 5.14% and a return on equity of 7.75%. Analysts anticipate that CEMEX will post 0.59 earnings per share for the current year.

Several institutional investors have recently modified their holdings of CX. Itau Unibanco Holding S.A. boosted its position in shares of CEMEX by 329.8% during the 4th quarter. Itau Unibanco Holding S.A. now owns 17,099,973 shares of the construction company’s stock valued at $112,524,000 after acquiring an additional 13,121,053 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in shares of CEMEX during the 4th quarter valued at about $74,910,000. TT International Asset Management LTD boosted its position in CEMEX by 36.2% in the third quarter. TT International Asset Management LTD now owns 26,530,863 shares of the construction company’s stock valued at $190,226,000 after buying an additional 7,050,524 shares in the last quarter. Morgan Stanley boosted its position in CEMEX by 90.6% in the second quarter. Morgan Stanley now owns 6,400,637 shares of the construction company’s stock valued at $53,765,000 after buying an additional 3,042,072 shares in the last quarter. Finally, IPG Investment Advisors LLC acquired a new position in CEMEX in the fourth quarter valued at about $16,085,000. Institutional investors and hedge funds own 33.42% of the company’s stock.

CEMEX Company Profile (Get Rating)

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 worldwide. The company also offers various complementary construction products, including asphalt products; concrete blocks; roof tiles; architectural products; concrete pipes for storm and sanitary sewers applications; and other precast products, such as rail products, concrete floors, box culverts, bridges, drainage basins, barriers, and parking curbs.

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Analyst Recommendations for CEMEX (NYSE:CX)

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