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

Shares of CEMEX, S.A.B. de C.V. (NYSE:CX) have been given an average recommendation of “Hold” by the six analysts that are covering the firm, Marketbeat.com reports. One investment 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 twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $7.65.

A number of equities analysts recently weighed in on the company. Scotiabank dropped their price target on 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 cut their price target for the company from $7.00 to $6.00 in a report on Tuesday, October 29th. StockNews.com lowered shares of CEMEX from a “strong-buy” rating to a “buy” rating in a research note on Friday, October 11th. Royal Bank of Canada downgraded shares of CEMEX from a “sector perform” rating to an “underperform” rating and cut their target price for the company from $6.00 to $5.00 in a research note on Wednesday, December 11th. Finally, Barclays decreased their target price on CEMEX from $9.00 to $8.00 and set an “overweight” rating for the company in a research report on Tuesday, October 29th.

Institutional Investors Weigh In On CEMEX

Large investors have recently made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in CEMEX during the third quarter worth $190,346,000. JPMorgan Chase & Co. increased its holdings in shares of CEMEX by 123.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 14,441,466 shares of the construction company’s stock valued at $88,093,000 after acquiring an additional 7,986,204 shares during the last quarter. AQR Capital Management LLC raised its stake in shares of CEMEX by 28.4% in the 2nd quarter. AQR Capital Management LLC now owns 19,057,965 shares of the construction company’s stock valued at $121,113,000 after acquiring an additional 4,217,562 shares in the last quarter. RWC Asset Advisors US LLC lifted its holdings in CEMEX by 32.3% in the 2nd quarter. RWC Asset Advisors US LLC now owns 15,555,171 shares of the construction company’s stock worth $99,398,000 after purchasing an additional 3,796,262 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its position in CEMEX by 166.9% during the third quarter. BNP Paribas Financial Markets now owns 4,077,576 shares of the construction company’s stock worth $24,873,000 after purchasing an additional 2,549,852 shares during the period. Institutional investors own 82.97% of the company’s stock.

CEMEX Stock Performance

Shares of NYSE CX opened at $5.66 on Monday. The stock’s fifty day simple moving average is $5.57 and its 200 day simple moving average is $5.99. The stock has a market capitalization of $8.20 billion, a price-to-earnings ratio of 18.87 and a beta of 1.49. The company has a quick ratio of 0.73, a current ratio of 0.98 and a debt-to-equity ratio of 0.49. CEMEX has a 52-week low of $5.00 and a 52-week high of $9.27.

CEMEX Announces Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, December 18th. Investors 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 20.00%.

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.