CEMEX, S.A.B. de C.V. (NYSE:CX) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of CEMEX, S.A.B. de C.V. (NYSE:CX) have received an average recommendation of “Moderate Buy” from the five ratings firms that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $9.37.

CX has been the subject of several analyst reports. Barclays cut shares of CEMEX from an “overweight” rating to an “equal weight” rating and set a $9.00 target price for the company. in a research note on Friday, February 9th. Bank of America raised shares of CEMEX from a “neutral” rating to a “buy” rating and raised their target price for the company from $8.20 to $9.00 in a research note on Tuesday, January 9th. Finally, StockNews.com cut shares of CEMEX from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 9th.

Hedge Funds Weigh In On CEMEX

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Creative Financial Designs Inc. ADV acquired a new stake in shares of CEMEX during the fourth quarter worth $26,000. CWM LLC lifted its holdings in shares of CEMEX by 75.0% during the first quarter. CWM LLC now owns 3,514 shares of the construction company’s stock worth $32,000 after buying an additional 1,506 shares in the last quarter. Blue Trust Inc. lifted its holdings in shares of CEMEX by 65.0% during the fourth quarter. Blue Trust Inc. now owns 5,232 shares of the construction company’s stock worth $41,000 after buying an additional 2,062 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of CEMEX by 40.6% during the third quarter. PNC Financial Services Group Inc. now owns 8,501 shares of the construction company’s stock worth $55,000 after buying an additional 2,454 shares in the last quarter. Finally, Euro Pacific Asset Management LLC acquired a new stake in shares of CEMEX during the third quarter worth $72,000. 82.97% of the stock is owned by institutional investors.

CEMEX Price Performance

NYSE:CX opened at $8.28 on Wednesday. CEMEX has a 1-year low of $5.67 and a 1-year high of $9.27. The company has a current ratio of 0.74, a quick ratio of 0.47 and a debt-to-equity ratio of 0.59. The firm has a fifty day simple moving average of $8.28 and a 200 day simple moving average of $7.59. The stock has a market capitalization of $12.00 billion, a PE ratio of 69.00, a P/E/G ratio of 0.15 and a beta of 1.47.

CEMEX (NYSE:CX) last released its earnings results on Thursday, February 8th. The construction company reported ($0.30) earnings per share for the quarter. CEMEX had a net margin of 1.06% and a return on equity of 1.50%. The firm had revenue of $4.24 billion during the quarter. On average, research analysts expect that CEMEX will post 0.94 EPS for the current fiscal year.

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.