CEMEX, S.A.B. de C.V. (NYSE:CX) Receives $7.65 Consensus Target Price from Analysts

CEMEX, S.A.B. de C.V. (NYSE:CX) has been assigned a consensus recommendation of “Hold” from the six ratings firms that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price target among brokers that have covered the stock in the last year is $7.65.

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

CEMEX Stock Performance

Shares of NYSE CX opened at $5.64 on Monday. CEMEX has a 12 month low of $5.00 and a 12 month high of $9.27. The company has a market cap of $8.17 billion, a P/E ratio of 18.80 and a beta of 1.50. The business’s 50 day moving average is $5.58 and its two-hundred day moving average is $6.00. The company has a quick ratio of 0.73, a current ratio of 0.98 and a debt-to-equity ratio of 0.49.

CEMEX Announces Dividend

The business also recently declared a dividend, which was paid on Wednesday, December 18th. Stockholders 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 (DPR) is currently 20.00%.

Institutional Investors Weigh In On CEMEX

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Hantz Financial Services Inc. bought a new stake in shares of CEMEX during the second quarter worth approximately $1,092,000. RWC Asset Advisors US LLC lifted its stake 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 valued at $99,398,000 after purchasing an additional 3,796,262 shares during the period. RWC Asset Management LLP boosted its position in shares of CEMEX by 11.7% in the 2nd quarter. RWC Asset Management LLP now owns 4,818,540 shares of the construction company’s stock worth $30,790,000 after purchasing an additional 503,532 shares during the last quarter. National Bank of Canada FI grew its stake in shares of CEMEX by 167.3% during the second quarter. National Bank of Canada FI now owns 908,200 shares of the construction company’s stock worth $5,703,000 after purchasing an additional 568,400 shares during the period. Finally, Caprock Group LLC acquired a new stake in shares of CEMEX during the second quarter worth $150,000. 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.