CEMEX, S.A.B. de C.V. (NYSE:CX) Given Consensus Rating of “Hold” by Brokerages

Shares of CEMEX, S.A.B. de C.V. (NYSE:CX) have been assigned an average recommendation of “Hold” from the six ratings firms that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and three have given a buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $7.65.

Several analysts recently weighed in on CX shares. Scotiabank decreased their target price on CEMEX from $10.00 to $8.90 and set a “sector outperform” rating for the company in a research note on Tuesday, October 29th. StockNews.com cut CEMEX from a “strong-buy” rating to a “buy” rating in a research report on Friday, October 11th. Barclays dropped their target price on shares of CEMEX from $9.00 to $8.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 29th. JPMorgan Chase & Co. lowered shares of CEMEX from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $7.00 to $6.00 in a research report on Tuesday, October 29th. Finally, Royal Bank of Canada downgraded CEMEX from a “sector perform” rating to an “underperform” rating and decreased their target price for the stock from $6.00 to $5.00 in a research report on Wednesday, December 11th.

CEMEX Stock Down 0.5 %

CX stock opened at $5.66 on Monday. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.98 and a quick ratio of 0.73. The company has a 50-day moving average of $5.57 and a two-hundred day moving average of $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. CEMEX has a 52-week low of $5.00 and a 52-week high of $9.27.

CEMEX Dividend Announcement

The firm also recently declared a dividend, which was paid on Wednesday, December 18th. Shareholders of record on Tuesday, December 10th were paid a dividend of $0.0207 per share. The ex-dividend date was Tuesday, December 10th. CEMEX’s dividend payout ratio is 20.00%.

Institutional Trading of CEMEX

Several institutional investors have recently bought and sold shares of the stock. Hantz Financial Services Inc. acquired a new position in CEMEX in the second quarter valued at about $1,092,000. RWC Asset Advisors US LLC boosted its holdings in shares of 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 acquiring an additional 3,796,262 shares in the last quarter. RWC Asset Management LLP grew its position in CEMEX by 11.7% during the 2nd quarter. RWC Asset Management LLP now owns 4,818,540 shares of the construction company’s stock worth $30,790,000 after acquiring an additional 503,532 shares during the last quarter. National Bank of Canada FI increased its holdings in CEMEX by 167.3% during the 2nd quarter. National Bank of Canada FI now owns 908,200 shares of the construction company’s stock valued at $5,703,000 after purchasing an additional 568,400 shares in the last quarter. Finally, Caprock Group LLC bought a new position in CEMEX in the 2nd quarter valued at $150,000. Institutional investors and hedge funds own 82.97% of the company’s stock.

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.