CEMEX, S.A.B. de C.V. (NYSE:CX) Receives Average Recommendation of “Hold” from Brokerages

Shares of CEMEX, S.A.B. de C.V. (NYSE:CX) have been assigned an average recommendation of “Hold” from the six research firms that are covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $7.82.

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

CEMEX Stock Performance

Shares of NYSE CX opened at $5.91 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.82 and a quick ratio of 0.58. The firm has a fifty day moving average price of $6.11 and a 200-day moving average price of $5.88. CEMEX has a 1 year low of $5.00 and a 1 year high of $9.27. The stock has a market cap of $8.56 billion, a PE ratio of 9.37 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 net margin of 5.70% and a return on equity of 7.78%. Equities analysts anticipate that CEMEX will post 0.69 earnings per share for the current fiscal year.

CEMEX Dividend Announcement

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

Hedge Funds Weigh In On CEMEX

Several institutional investors have recently bought and sold shares of CX. Vise Technologies Inc. bought a new stake in shares of CEMEX in the 4th quarter worth about $220,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of CEMEX by 30.6% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 40,745,819 shares of the construction company’s stock worth $229,806,000 after acquiring an additional 9,541,622 shares during the last quarter. Waverly Advisors LLC bought a new stake in shares of CEMEX in the 4th quarter worth about $104,000. Squarepoint Ops LLC bought a new stake in shares of CEMEX in the 4th quarter worth about $175,000. Finally, Raiffeisen Bank International AG bought a new stake in shares of CEMEX in the 4th quarter worth about $59,000. Institutional investors own 82.97% of the company’s stock.

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.