Cemex S.A.B. de C.V. (NYSE:CX) Receives $7.91 Consensus PT from 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 currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $7.9083.

Several equities analysts have commented on CX shares. Royal Bank Of Canada raised their price target on shares of Cemex from $5.00 to $5.25 and gave the company an “underperform” rating in a research report on Tuesday, April 29th. Itau BBA Securities cut Cemex from an “outperform” rating to a “market perform” rating in a research note on Tuesday, June 3rd. Wall Street Zen cut Cemex from a “buy” rating to a “hold” rating in a research note on Sunday, July 20th. Barclays upped their price target on Cemex from $9.00 to $10.00 and gave the stock an “overweight” rating in a report on Tuesday, July 29th. Finally, JPMorgan Chase & Co. lifted their price objective on Cemex from $6.00 to $6.80 and gave the company a “neutral” rating in a research note on Tuesday, April 29th.

Cemex Stock Performance

NYSE CX opened at $8.51 on Tuesday. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.86 and a quick ratio of 0.61. The company has a market cap of $12.33 billion, a P/E ratio of 8.34, a P/E/G ratio of 0.93 and a beta of 1.40. The stock has a 50-day moving average of $7.57 and a two-hundred day moving average of $6.66. Cemex has a 1-year low of $4.89 and a 1-year high of $8.83.

Cemex (NYSE:CX) last posted its quarterly earnings data on Thursday, July 24th. The construction company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.18 by $0.05. The business had revenue of $4.13 billion during the quarter, compared to analyst estimates of $4.20 billion. Cemex had a net margin of 9.61% and a return on equity of 6.89%. As a group, analysts anticipate that Cemex will post 0.69 EPS for the current year.

Cemex Dividend Announcement

The firm also recently declared 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 was Tuesday, June 17th. This represents a $0.09 dividend on an annualized basis and a yield of 1.1%. Cemex’s dividend payout ratio (DPR) is currently 7.84%.

Institutional Trading of Cemex

A number of institutional investors have recently bought and sold shares of CX. Yousif Capital Management LLC grew its stake in Cemex by 7.3% during the 2nd quarter. Yousif Capital Management LLC now owns 25,159 shares of the construction company’s stock worth $174,000 after buying an additional 1,710 shares during the last quarter. Legacy Wealth Asset Management LLC lifted its stake in Cemex by 2.4% in the second quarter. Legacy Wealth Asset Management LLC now owns 79,800 shares of the construction company’s stock valued at $553,000 after buying an additional 1,843 shares during the last quarter. Allworth Financial LP boosted its holdings in shares of Cemex by 7.4% in the first quarter. Allworth Financial LP now owns 27,651 shares of the construction company’s stock valued at $157,000 after acquiring an additional 1,906 shares during the period. Farther Finance Advisors LLC grew its position in shares of Cemex by 63.7% during the second quarter. Farther Finance Advisors LLC now owns 5,210 shares of the construction company’s stock worth $36,000 after acquiring an additional 2,027 shares during the last quarter. Finally, Thompson Davis & CO. Inc. grew its position in shares of Cemex by 6.0% during the second quarter. Thompson Davis & CO. Inc. now owns 36,045 shares of the construction company’s stock worth $250,000 after acquiring an additional 2,045 shares during the last quarter. 82.97% of the stock is owned by hedge funds and other institutional investors.

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.