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

CEMEX, S.A.B. de C.V. (NYSE:CX) has earned an average rating of “Hold” from the seven research firms that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and three have issued a buy recommendation on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $7.58.

Several analysts have recently weighed in on CX shares. Royal Bank of Canada boosted their target price on CEMEX from $5.00 to $5.25 and gave the company an “underperform” rating in a report on Tuesday, April 29th. Bradesco Corretora set a $7.50 price objective on shares of CEMEX and gave the company a “neutral” rating in a research note on Tuesday, April 15th. Morgan Stanley downgraded CEMEX from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, March 26th. The Goldman Sachs Group raised their price objective on shares of CEMEX from $8.00 to $9.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. Finally, StockNews.com upgraded CEMEX from a “hold” rating to a “buy” rating in a research report on Saturday.

Institutional Investors Weigh In On CEMEX

Several hedge funds have recently modified their holdings of CX. Barclays PLC lifted its stake in shares of CEMEX by 41.8% during the 3rd quarter. Barclays PLC now owns 6,249 shares of the construction company’s stock worth $38,000 after purchasing an additional 1,843 shares during the period. TCP Asset Management LLC acquired a new position in CEMEX in the fourth quarter valued at $242,000. Ballentine Partners LLC lifted its position in CEMEX by 15.0% during the fourth quarter. Ballentine Partners LLC now owns 34,210 shares of the construction company’s stock worth $193,000 after buying an additional 4,474 shares during the period. Blue Trust Inc. boosted its stake in CEMEX by 17.2% in the 4th quarter. Blue Trust Inc. now owns 50,636 shares of the construction company’s stock worth $309,000 after buying an additional 7,423 shares during the last quarter. Finally, Hantz Financial Services Inc. grew its holdings in CEMEX by 28.2% in the 4th quarter. Hantz Financial Services Inc. now owns 246,623 shares of the construction company’s stock valued at $1,391,000 after buying an additional 54,231 shares during the period. 82.97% of the stock is owned by institutional investors and hedge funds.

CEMEX Price Performance

Shares of CX opened at $6.16 on Friday. The company has a current ratio of 0.82, a quick ratio of 0.58 and a debt-to-equity ratio of 0.43. The firm’s fifty day simple moving average is $5.78 and its 200-day simple moving average is $5.78. The firm has a market capitalization of $8.92 billion, a price-to-earnings ratio of 9.77 and a beta of 1.41. CEMEX has a twelve month low of $4.89 and a twelve month high of $8.11.

CEMEX (NYSE:CX) last issued its earnings results on Monday, April 28th. The construction company reported $0.08 earnings per share for the quarter. CEMEX had a return on equity of 7.78% and a net margin of 5.70%. The business had revenue of $186.46 million for the quarter, compared to analyst estimates of $214.59 million. Equities analysts forecast that CEMEX will post 0.69 EPS for the current fiscal year.

CEMEX Announces Dividend

The business also recently declared a dividend, which was paid on Tuesday, March 18th. Stockholders of record on Monday, March 10th were issued a $0.0207 dividend. The ex-dividend date of this dividend was Monday, March 10th. CEMEX’s dividend payout ratio (DPR) is 8.33%.

About CEMEX

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.