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

Shares of CEMEX, S.A.B. de C.V. (NYSE:CXGet Rating) have received an average recommendation of “Hold” from the eight research firms that are presently covering the firm, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $6.18.

Several research firms have issued reports on CX. StockNews.com downgraded shares of CEMEX from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 12th. Exane BNP Paribas cut shares of CEMEX from an “outperform” rating to a “neutral” rating in a research report on Tuesday, September 20th. Finally, BNP Paribas cut shares of CEMEX from an “outperform” rating to a “neutral” rating and set a $4.00 price objective for the company. in a research report on Tuesday, September 20th.

CEMEX Price Performance

NYSE:CX opened at $4.50 on Friday. The company has a market cap of $6.62 billion, a PE ratio of 5.70, a P/E/G ratio of 0.53 and a beta of 1.31. CEMEX has a twelve month low of $3.20 and a twelve month high of $6.93. The company has a current ratio of 0.87, a quick ratio of 0.59 and a debt-to-equity ratio of 0.63. The company’s 50 day moving average is $3.73 and its two-hundred day moving average is $3.96.

Hedge Funds Weigh In On CEMEX

A number of institutional investors and hedge funds have recently made changes to their positions in CX. FNY Investment Advisers LLC boosted its position in shares of CEMEX by 1,870.8% in the 3rd quarter. FNY Investment Advisers LLC now owns 9,854 shares of the construction company’s stock worth $33,000 after buying an additional 9,354 shares in the last quarter. Capstone Financial Advisors Inc. purchased a new position in shares of CEMEX during the 2nd quarter worth about $39,000. Atria Wealth Solutions Inc. acquired a new stake in CEMEX during the 2nd quarter worth approximately $40,000. 360 Financial Inc. acquired a new stake in CEMEX during the 3rd quarter worth approximately $43,000. Finally, Newfoundland Capital Management acquired a new stake in CEMEX during the 3rd quarter worth approximately $43,000. 29.19% of the stock is owned by institutional investors and hedge funds.

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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