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

Cemex S.A.B. de C.V. (NYSE:CX) has been assigned an average rating of “Hold” from the thirteen brokerages that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $11.0389.

CX has been the subject of several recent analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Cemex in a research note on Wednesday, January 21st. Barclays reissued an “overweight” rating and issued a $15.00 price target on shares of Cemex in a report on Tuesday, January 27th. Zacks Research cut shares of Cemex from a “strong-buy” rating to a “hold” rating in a report on Monday, February 9th. HSBC downgraded Cemex from a “buy” rating to a “hold” rating and set a $12.80 price objective on the stock. in a research report on Friday, February 6th. Finally, Scotiabank boosted their target price on Cemex from $11.10 to $13.50 and gave the stock a “sector perform” rating in a research report on Thursday, February 5th.

Institutional Investors Weigh In On Cemex

A number of institutional investors and hedge funds have recently bought and sold shares of CX. WealthCollab LLC grew its stake in Cemex by 73.7% in the 2nd quarter. WealthCollab LLC now owns 3,724 shares of the construction company’s stock worth $26,000 after buying an additional 1,580 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Cemex by 256.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 4,298 shares of the construction company’s stock worth $30,000 after acquiring an additional 3,093 shares during the last quarter. Ameriflex Group Inc. lifted its holdings in shares of Cemex by 100.0% during the 3rd quarter. Ameriflex Group Inc. now owns 3,488 shares of the construction company’s stock worth $31,000 after acquiring an additional 1,744 shares during the last quarter. Kestra Advisory Services LLC purchased a new position in Cemex in the fourth quarter worth $34,000. Finally, Reyes Financial Architecture Inc. bought a new position in Cemex in the third quarter valued at $36,000. 82.97% of the stock is owned by hedge funds and other institutional investors.

Cemex Stock Down 2.1%

CX opened at $12.49 on Friday. Cemex has a twelve month low of $4.89 and a twelve month high of $13.35. The company’s 50-day moving average price is $12.38 and its two-hundred day moving average price is $10.66. The stock has a market cap of $18.10 billion, a price-to-earnings ratio of 18.93, a PEG ratio of 0.86 and a beta of 1.61. The company has a quick ratio of 0.62, a current ratio of 0.83 and a debt-to-equity ratio of 0.33.

Cemex (NYSE:CX) last issued its quarterly earnings results on Thursday, February 5th. The construction company reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.38). Cemex had a return on equity of 2.85% and a net margin of 5.93%.The company had revenue of $4.18 billion for the quarter, compared to analysts’ expectations of $4.01 billion. As a group, equities analysts expect that Cemex will post 0.69 earnings per share for the current year.

Cemex Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 23rd. Stockholders of record on Monday, December 15th were given a dividend of $0.0224 per share. This represents a $0.09 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Monday, December 15th. Cemex’s dividend payout ratio (DPR) is 13.64%.

Cemex Company Profile

Cemex (NYSE: CX) is a global building materials company headquartered in Monterrey, Mexico. The company produces, distributes and sells cement, ready-mix concrete and aggregates, as well as related building materials, to construction markets in more than 50 countries. Cemex’s product portfolio also includes asphalt and mortar mixes, waste-derived fuels and other complementary construction solutions, supported by a network of production facilities, distribution centers and logistics operations.

Founded in 1906 as Cementos Hidalgo, the company adopted the Cemex name in 1976 following a series of domestic mergers and expansions.