CEMEX, S.A.B. de C.V. (NYSE:CX) Receives $7.82 Consensus Price Target from Analysts

Shares of CEMEX, S.A.B. de C.V. (NYSE:CX) have earned a consensus recommendation of “Hold” from the six ratings firms that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $7.82.

Several research firms have recently commented on CX. The Goldman Sachs Group upped their price target on shares of CEMEX from $8.00 to $9.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. Royal Bank of Canada upped their price target on shares of CEMEX from $5.00 to $6.00 and gave the company an “underperform” rating in a research report on Monday, February 10th.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Barclays PLC raised 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 buying an additional 1,843 shares during the period. Cetera Investment Advisers grew its holdings in shares of CEMEX by 8.4% during the 4th quarter. Cetera Investment Advisers now owns 31,652 shares of the construction company’s stock worth $179,000 after purchasing an additional 2,452 shares during the period. Envestnet Portfolio Solutions Inc. lifted its stake in CEMEX by 26.4% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 13,011 shares of the construction company’s stock worth $73,000 after acquiring an additional 2,720 shares in the last quarter. Holistic Financial Partners lifted its stake in CEMEX by 25.0% during the 4th quarter. Holistic Financial Partners now owns 13,933 shares of the construction company’s stock worth $79,000 after acquiring an additional 2,787 shares in the last quarter. Finally, IFP Advisors Inc lifted its stake in CEMEX by 159.1% during the 4th quarter. IFP Advisors Inc now owns 4,986 shares of the construction company’s stock worth $28,000 after acquiring an additional 3,062 shares in the last quarter. 82.97% of the stock is currently owned by hedge funds and other institutional investors.

CEMEX Price Performance

Shares of NYSE:CX opened at $6.11 on Friday. CEMEX has a fifty-two week low of $5.00 and a fifty-two week high of $9.27. The business has a 50-day simple moving average of $6.10 and a two-hundred day simple moving average of $5.88. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.58 and a current ratio of 0.82. The firm has a market cap of $8.85 billion, a price-to-earnings ratio of 9.69 and a beta of 1.45.

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

CEMEX Dividend Announcement

The business also recently disclosed a dividend, which was paid on Tuesday, March 18th. Investors of record on Monday, March 10th were given a dividend of $0.0207 per share. The ex-dividend date of this dividend was Monday, March 10th. CEMEX’s payout ratio is currently 12.70%.

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.