Analysts Set CEMEX, S.A.B. de C.V. (NYSE:CX) PT at $8.12

Shares of CEMEX, S.A.B. de C.V. (NYSE:CX) have been assigned a consensus rating of “Moderate Buy” from the six research firms that are covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $8.12.

Several research firms have commented on CX. Royal Bank of Canada raised shares of CEMEX from an “underperform” rating to a “sector perform” rating and dropped their target price for the stock from $9.00 to $6.50 in a research report on Tuesday, October 8th. Barclays upgraded CEMEX from an “equal weight” rating to an “overweight” rating and set a $9.00 price target on the stock in a report on Wednesday, July 31st. StockNews.com downgraded CEMEX from a “strong-buy” rating to a “buy” rating in a research note on Friday, October 11th. JPMorgan Chase & Co. lowered their target price on CEMEX from $8.00 to $7.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 9th. Finally, The Goldman Sachs Group began coverage on shares of CEMEX in a report on Wednesday, July 10th. They set a “buy” rating and a $9.00 price objective for the company.

CEMEX Trading Up 0.5 %

NYSE CX opened at $5.97 on Wednesday. The company has a current ratio of 0.90, a quick ratio of 0.65 and a debt-to-equity ratio of 0.53. The business has a fifty day simple moving average of $6.14 and a 200 day simple moving average of $6.81. CEMEX has a 12 month low of $5.50 and a 12 month high of $9.27. The firm has a market capitalization of $8.65 billion, a P/E ratio of 42.64 and a beta of 1.47.

CEMEX (NYSE:CX) last announced its earnings results on Thursday, July 25th. The construction company reported $0.17 EPS for the quarter. CEMEX had a net margin of 1.05% and a return on equity of 1.66%. The company had revenue of $4.49 billion during the quarter. On average, analysts predict that CEMEX will post 0.79 EPS for the current fiscal year.

CEMEX Cuts Dividend

The business also recently announced 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. The ex-dividend date was Friday, September 13th. This represents a dividend yield of 0.7%. CEMEX’s dividend payout ratio is currently 28.57%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Ballentine Partners LLC boosted its stake in CEMEX by 6.9% during the first quarter. Ballentine Partners LLC now owns 21,127 shares of the construction company’s stock valued at $190,000 after buying an additional 1,358 shares during the period. Aprio Wealth Management LLC increased its position in shares of CEMEX by 8.9% during the 1st quarter. Aprio Wealth Management LLC now owns 17,558 shares of the construction company’s stock valued at $158,000 after purchasing an additional 1,431 shares during the last quarter. CWM LLC raised its holdings in shares of CEMEX by 75.0% during 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 in the last quarter. Thompson Davis & CO. Inc. lifted its position in CEMEX by 6.3% in the 1st quarter. Thompson Davis & CO. Inc. now owns 26,800 shares of the construction company’s stock worth $241,000 after buying an additional 1,600 shares during the last quarter. Finally, Lesa Sroufe & Co boosted its stake in CEMEX by 0.4% in the first quarter. Lesa Sroufe & Co now owns 400,951 shares of the construction company’s stock worth $3,613,000 after buying an additional 1,731 shares in the last quarter. 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.