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 been assigned an average recommendation of “Hold” from the eight ratings firms that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is $7.74.

CX has been the subject of several research analyst reports. Itau BBA Securities lowered Cemex from an “outperform” rating to a “market perform” rating in a research report on Tuesday, June 3rd. Bradesco Corretora set a $7.50 target price on Cemex and gave the company a “neutral” rating in a research report on Tuesday, April 15th. Barclays reaffirmed an “overweight” rating and set a $9.00 target price (up from $8.00) on shares of Cemex in a research report on Tuesday. Royal Bank Of Canada raised their target price on Cemex from $5.00 to $5.25 and gave the company an “underperform” rating in a research report on Tuesday, April 29th. Finally, Wall Street Zen raised Cemex from a “hold” rating to a “buy” rating in a research report on Saturday, July 12th.

Cemex Price Performance

Shares of NYSE:CX opened at $7.76 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.60 and a debt-to-equity ratio of 0.44. The stock’s fifty day simple moving average is $6.98 and its two-hundred day simple moving average is $6.28. Cemex has a 1-year low of $4.89 and a 1-year high of $7.80. The stock has a market cap of $11.24 billion, a PE ratio of 8.08, a price-to-earnings-growth ratio of 1.21 and a beta of 1.38.

Cemex (NYSE:CX) last issued its quarterly earnings data on Monday, April 28th. The construction company reported $0.08 earnings per share for the quarter. Cemex had a return on equity of 6.47% and a net margin of 8.84%. The business had revenue of $186.46 million for the quarter, compared to analysts’ expectations of $214.59 million. As a group, analysts forecast that Cemex will post 0.69 EPS for the current fiscal year.

Cemex Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 26th. Shareholders of record on Tuesday, June 17th were paid a $0.0224 dividend. The ex-dividend date of this dividend was Tuesday, June 17th. This represents a $0.09 annualized dividend and a yield of 1.15%. Cemex’s dividend payout ratio is currently 8.33%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC boosted its stake in Cemex by 63.7% in the 2nd quarter. Farther Finance Advisors LLC now owns 5,210 shares of the construction company’s stock worth $36,000 after purchasing an additional 2,027 shares during the period. Wayfinding Financial LLC bought a new stake in shares of Cemex during the 1st quarter valued at about $29,000. Jones Financial Companies Lllp boosted its position in shares of Cemex by 334.7% during the 1st quarter. Jones Financial Companies Lllp now owns 9,189 shares of the construction company’s stock valued at $52,000 after acquiring an additional 7,075 shares during the last quarter. Barclays PLC boosted its position in shares of Cemex by 56.2% during the 4th quarter. Barclays PLC now owns 9,759 shares of the construction company’s stock valued at $55,000 after acquiring an additional 3,510 shares during the last quarter. Finally, Townsquare Capital LLC bought a new stake in shares of Cemex during the 4th quarter valued at about $57,000. 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.