CEMEX (NYSE:CX) Downgraded by BNP Paribas

BNP Paribas cut shares of CEMEX (NYSE:CXGet Rating) from an outperform rating to a neutral rating in a research note issued to investors on Tuesday, MarketBeat reports. BNP Paribas currently has $4.00 price objective on the construction company’s stock.

Several other analysts also recently commented on the stock. StockNews.com downgraded shares of CEMEX from a strong-buy rating to a buy rating in a research report on Wednesday, August 31st. Exane BNP Paribas cut shares of CEMEX from an outperform rating to a neutral rating in a research note on Tuesday. Finally, Berenberg Bank lowered shares of CEMEX from a buy rating to a hold rating in a report on Friday, June 10th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and an average target price of $7.42.

CEMEX Stock Performance

CX stock opened at $3.56 on Tuesday. The stock has a market cap of $5.24 billion, a P/E ratio of 18.74, a P/E/G ratio of 0.51 and a beta of 1.32. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.60 and a current ratio of 0.87. The firm has a 50 day simple moving average of $4.05 and a 200 day simple moving average of $4.29. CEMEX has a 52 week low of $3.22 and a 52 week high of $7.57.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of CX. Capstone Financial Advisors Inc. acquired a new stake in CEMEX during the 2nd quarter valued at approximately $39,000. Atria Wealth Solutions Inc. bought a new position in shares of CEMEX in the 2nd quarter worth $40,000. Truist Financial Corp bought a new position in shares of CEMEX in the 1st quarter worth $57,000. QCM Cayman Ltd. bought a new position in CEMEX during the 1st quarter valued at $57,000. Finally, Prism Advisors Inc. bought a new position in CEMEX during the 2nd quarter valued at $45,000. Institutional investors and hedge funds own 29.19% of the company’s stock.

About CEMEX

(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.

Further Reading

Analyst Recommendations for CEMEX (NYSE:CX)

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