Cemex S.A.B. de C.V. (NYSE:CX) Given Consensus Rating of “Hold” by Analysts

Shares of Cemex S.A.B. de C.V. (NYSE:CX) have received an average recommendation of “Hold” from the eight ratings firms that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $7.74.

A number of equities research analysts recently issued reports on the stock. Royal Bank Of Canada increased their target price on shares of Cemex from $5.00 to $5.25 and gave the stock an “underperform” rating in a research report on Tuesday, April 29th. Morgan Stanley cut shares of Cemex from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, March 26th. Wall Street Zen upgraded shares of Cemex from a “hold” rating to a “buy” rating in a research report on Saturday, July 12th. Bradesco Corretora set a $7.50 price objective on shares of Cemex and gave the stock a “neutral” rating in a report on Tuesday, April 15th. Finally, Itau BBA Securities lowered shares of Cemex from an “outperform” rating to a “market perform” rating in a report on Tuesday, June 3rd.

Institutional Trading of Cemex

Several institutional investors have recently added to or reduced their stakes in the stock. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Cemex by 137.9% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 31,252 shares of the construction company’s stock worth $175,000 after buying an additional 18,114 shares in the last quarter. Natixis Advisors LLC lifted its holdings in shares of Cemex by 13.6% in the 4th quarter. Natixis Advisors LLC now owns 358,776 shares of the construction company’s stock worth $2,023,000 after purchasing an additional 43,089 shares in the last quarter. Oppenheimer & Co. Inc. lifted its holdings in shares of Cemex by 21.0% in the 1st quarter. Oppenheimer & Co. Inc. now owns 14,431 shares of the construction company’s stock worth $81,000 after purchasing an additional 2,505 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Cemex by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 3,863,502 shares of the construction company’s stock worth $21,790,000 after purchasing an additional 53,269 shares in the last quarter. Finally, Franklin Resources Inc. bought a new position in shares of Cemex in the 4th quarter worth $63,000. 82.97% of the stock is currently owned by institutional investors.

Cemex Stock Up 5.2%

Cemex stock opened at $7.76 on Friday. The firm has a market cap of $11.24 billion, a PE ratio of 8.08, a P/E/G ratio of 1.21 and a beta of 1.38. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.60 and a current ratio of 0.85. The firm’s 50 day moving average price is $6.98 and its two-hundred day moving average price is $6.28. Cemex has a twelve month low of $4.89 and a twelve month high of $7.80.

Cemex (NYSE:CX) last posted its earnings results on Monday, April 28th. The construction company reported $0.08 EPS for the quarter. The company had revenue of $186.46 million during the quarter, compared to the consensus estimate of $214.59 million. Cemex had a net margin of 8.84% and a return on equity of 6.47%. On average, research analysts predict that Cemex will post 0.69 EPS for the current fiscal year.

Cemex Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 26th. Stockholders of record on Tuesday, June 17th were paid a $0.0224 dividend. This represents a $0.09 annualized dividend and a dividend yield of 1.15%. The ex-dividend date was Tuesday, June 17th. Cemex’s dividend payout ratio is currently 8.33%.

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.