Weekly Investment Analysts’ Ratings Changes for CEMEX (CX)

Several brokerages have updated their recommendations and price targets on shares of CEMEX (NYSE: CX) in the last few weeks:

• 10/29/2024 – CEMEX had its price target lowered by analysts at Royal Bank of Canada from $6.50 to $6.00. They now have a “sector perform” rating on the stock.
• 10/29/2024 – CEMEX had its price target lowered by analysts at Scotiabank from $10.00 to $8.90. They now have a “sector outperform” rating on the stock.
• 10/29/2024 – CEMEX had its price target lowered by analysts at Barclays PLC from $9.00 to $8.00. They now have an “overweight” rating on the stock.
• 10/29/2024 – CEMEX was downgraded by analysts at JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating. They now have a $6.00 price target on the stock, down previously from $7.00.
• 10/11/2024 – CEMEX was downgraded by analysts at StockNews.com from a “strong-buy” rating to a “buy” rating.
• 10/9/2024 – CEMEX had its price target lowered by analysts at JPMorgan Chase & Co. from $8.00 to $7.00. They now have an “overweight” rating on the stock.
• 10/8/2024 – CEMEX was upgraded by analysts at Royal Bank of Canada from an “underperform” rating to a “sector perform” rating. They now have a $6.50 price target on the stock, down previously from $9.00.

CEMEX Price Performance

CEMEX stock opened at $5.32 on Thursday. CEMEX, S.A.B. de C.V. has a one year low of $5.00 and a one year high of $9.27. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.73 and a current ratio of 0.98. The business has a fifty day moving average of $5.88 and a two-hundred day moving average of $6.46. The company has a market cap of $7.71 billion, a P/E ratio of 17.73 and a beta of 1.49.

CEMEX Cuts Dividend

The firm also recently announced a Variable dividend, which was paid on Tuesday, September 24th. Shareholders of record on Friday, September 13th were issued a $0.021 dividend. This represents a yield of 0.7%. The ex-dividend date was Friday, September 13th. CEMEX’s dividend payout ratio (DPR) is currently 13.33%.

Institutional Investors Weigh In On CEMEX

Hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in shares of CEMEX by 4.1% during the 1st quarter. Vanguard Group Inc. now owns 3,757,831 shares of the construction company’s stock worth $33,858,000 after buying an additional 146,327 shares during the last quarter. Pacer Advisors Inc. acquired a new position in shares of CEMEX during the 2nd quarter worth $776,000. GFS Advisors LLC raised its stake in shares of CEMEX by 1,505.0% during the 3rd quarter. GFS Advisors LLC now owns 166,427 shares of the construction company’s stock worth $1,015,000 after buying an additional 156,058 shares during the last quarter. Quadrature Capital Ltd acquired a new position in shares of CEMEX during the 1st quarter worth $1,090,000. Finally, Seven Eight Capital LP raised its stake in shares of CEMEX by 227.7% during the 1st quarter. Seven Eight Capital LP now owns 126,909 shares of the construction company’s stock worth $1,143,000 after buying an additional 88,184 shares during the last quarter. Institutional investors and hedge funds own 82.97% of the company’s stock.

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.