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

Shares of CEMEX, S.A.B. de C.V. (NYSE:CX) have earned a consensus recommendation of “Hold” from the six research firms that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation and three have given a buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $7.82.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in CX. Dodge & Cox raised its holdings in shares of CEMEX by 7,200.6% in the fourth quarter. Dodge & Cox now owns 49,622,009 shares of the construction company’s stock valued at $279,868,000 after buying an additional 48,942,309 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of CEMEX in the third quarter valued at about $190,346,000. Schroder Investment Management Group raised its holdings in shares of CEMEX by 745.6% in the fourth quarter. Schroder Investment Management Group now owns 26,739,107 shares of the construction company’s stock valued at $150,809,000 after buying an additional 23,576,914 shares during the last quarter. ANTIPODES PARTNERS Ltd bought a new position in shares of CEMEX in the fourth quarter valued at about $86,056,000. Finally, JPMorgan Chase & Co. raised its holdings in shares of CEMEX by 123.7% in the third quarter. JPMorgan Chase & Co. now owns 14,441,466 shares of the construction company’s stock valued at $88,093,000 after buying an additional 7,986,204 shares during the last quarter. 82.97% of the stock is owned by institutional investors.

CEMEX Stock Up 0.9 %

CX opened at $6.08 on Friday. CEMEX has a 1-year low of $5.00 and a 1-year high of $9.27. The company has a current ratio of 0.82, a quick ratio of 0.58 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $8.80 billion, a price-to-earnings ratio of 9.64 and a beta of 1.45. The business has a 50 day moving average of $6.08 and a 200-day moving average of $5.88.

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

CEMEX Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Tuesday, March 18th. Shareholders of record on Monday, March 10th will be issued a dividend of $0.0207 per share. The ex-dividend date is Monday, March 10th. CEMEX’s payout ratio is presently 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.