CEMEX, S.A.B. de C.V. (NYSE:CX) Receives Consensus Rating of “Moderate Buy” from Brokerages

CEMEX, S.A.B. de C.V. (NYSE:CX) has received a consensus rating of “Moderate Buy” from the six analysts that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $8.70.

A number of analysts have recently commented on CX shares. StockNews.com raised shares of CEMEX from a “buy” rating to a “strong-buy” rating in a research report on Thursday, July 18th. The Goldman Sachs Group assumed coverage on shares of CEMEX in a research note on Wednesday, July 10th. They set a “buy” rating and a $9.00 price objective for the company. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a $8.00 target price on shares of CEMEX in a research report on Wednesday, August 21st. Finally, Barclays raised CEMEX from an “equal weight” rating to an “overweight” rating and set a $9.00 price target for the company in a research report on Wednesday, July 31st.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. CWM LLC grew its stake in CEMEX by 75.0% in the 1st quarter. CWM LLC now owns 3,514 shares of the construction company’s stock valued at $32,000 after buying an additional 1,506 shares during the last quarter. Ashton Thomas Private Wealth LLC bought a new position in shares of CEMEX during the second quarter worth approximately $33,000. KCM Investment Advisors LLC acquired a new stake in CEMEX during the 1st quarter worth approximately $91,000. Fisher Asset Management LLC grew its holdings in CEMEX by 3,180.2% in the 4th quarter. Fisher Asset Management LLC now owns 10,923 shares of the construction company’s stock valued at $85,000 after buying an additional 10,590 shares in the last quarter. Finally, Prudent Man Advisors LLC bought a new position in CEMEX during the 4th quarter worth $86,000. 82.97% of the stock is owned by institutional investors and hedge funds.

CEMEX Price Performance

Shares of NYSE CX opened at $6.35 on Friday. The company has a fifty day moving average price of $6.23 and a 200 day moving average price of $7.13. CEMEX has a 1-year low of $5.50 and a 1-year high of $9.27. The firm has a market cap of $9.20 billion, a PE ratio of 45.36 and a beta of 1.48. The company has a current ratio of 0.90, a quick ratio of 0.65 and a debt-to-equity ratio of 0.53.

CEMEX (NYSE:CX) last posted its quarterly earnings data on Thursday, July 25th. The construction company reported $0.17 earnings per share (EPS) for the quarter. The business had revenue of $4.49 billion during the quarter. CEMEX had a return on equity of 1.66% and a net margin of 1.05%. Research analysts predict that CEMEX will post 0.82 earnings per share for the current fiscal year.

CEMEX Cuts Dividend

The firm also recently declared a Variable dividend, which was paid on Tuesday, September 24th. Shareholders of record on Friday, September 13th were given a dividend of $0.021 per share. This represents a yield of 0.7%. The ex-dividend date of this dividend was Friday, September 13th. CEMEX’s dividend payout ratio (DPR) is presently 28.57%.

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.