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 earned a consensus rating of “Hold” from the six research firms that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $7.82.

A number of analysts have recently issued reports on the stock. Scotiabank dropped their price objective on shares of CEMEX from $10.00 to $8.90 and set a “sector outperform” rating on the stock in a research note on Tuesday, October 29th. JPMorgan Chase & Co. lowered shares of CEMEX from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $7.00 to $6.00 in a research note on Tuesday, October 29th. Royal Bank of Canada lifted their price objective on shares of CEMEX from $5.00 to $6.00 and gave the company an “underperform” rating in a research note on Monday, February 10th. Finally, Barclays decreased their price target on shares of CEMEX from $9.00 to $8.00 and set an “overweight” rating for the company in a research report on Tuesday, October 29th.

CEMEX Trading Down 2.6 %

CX opened at $6.54 on Tuesday. The firm has a market capitalization of $9.47 billion, a P/E ratio of 10.37 and a beta of 1.49. The firm’s 50 day moving average is $5.92 and its 200-day moving average is $5.91. CEMEX has a 52-week low of $5.00 and a 52-week high of $9.27. The company has a quick ratio of 0.58, a current ratio of 0.82 and a debt-to-equity ratio of 0.43.

CEMEX (NYSE:CX) last posted its quarterly earnings data on Thursday, February 13th. The construction company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.06. CEMEX had a net margin of 5.70% and a return on equity of 7.78%. Analysts expect that CEMEX will post 0.69 EPS for the current fiscal year.

CEMEX Dividend Announcement

The business also recently declared a dividend, which was paid on Wednesday, December 18th. Stockholders of record on Tuesday, December 10th were given a dividend of $0.0207 per share. The ex-dividend date was Tuesday, December 10th. CEMEX’s payout ratio is currently 9.52%.

Hedge Funds Weigh In On CEMEX

A number of hedge funds have recently added to or reduced their stakes in CX. Dodge & Cox boosted its holdings in CEMEX by 7,200.6% in the fourth quarter. Dodge & Cox now owns 49,622,009 shares of the construction company’s stock worth $279,868,000 after purchasing an additional 48,942,309 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in CEMEX in the third quarter worth $190,346,000. Schroder Investment Management Group boosted its holdings in CEMEX by 745.6% in the fourth quarter. Schroder Investment Management Group now owns 26,739,107 shares of the construction company’s stock worth $150,809,000 after purchasing an additional 23,576,914 shares during the period. ANTIPODES PARTNERS Ltd acquired a new position in CEMEX in the fourth quarter worth $86,056,000. Finally, JPMorgan Chase & Co. boosted its holdings in CEMEX by 123.7% in the third quarter. JPMorgan Chase & Co. now owns 14,441,466 shares of the construction company’s stock worth $88,093,000 after purchasing an additional 7,986,204 shares during the period. Institutional investors and hedge funds own 82.97% of the company’s stock.

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.