CEMEX, S.A.B. de C.V. (NYSE:CX – Get Free Report) has received a consensus rating of “Hold” from the six ratings firms that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $7.82.
A number of analysts have commented on the stock. The Goldman Sachs Group upped their price objective on shares of CEMEX from $8.00 to $9.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. Royal Bank of Canada upped their price objective on shares of CEMEX from $5.00 to $6.00 and gave the company an “underperform” rating in a research note on Monday, February 10th.
Check Out Our Latest Stock Analysis on CEMEX
Hedge Funds Weigh In On CEMEX
CEMEX Price Performance
Shares of NYSE CX opened at $6.08 on Friday. CEMEX has a twelve month low of $5.00 and a twelve month high of $9.27. The company has a current ratio of 0.82, a quick ratio of 0.58 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $8.80 billion, a price-to-earnings ratio of 9.64 and a beta of 1.45. The firm has a 50-day moving average of $6.08 and a two-hundred day moving average of $5.88.
CEMEX (NYSE:CX – Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The construction company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.06. CEMEX had a net margin of 5.70% and a return on equity of 7.78%. As a group, analysts expect that CEMEX will post 0.69 earnings per share for the current fiscal year.
CEMEX Announces Dividend
The business also recently declared a dividend, which will be paid on Tuesday, March 18th. Shareholders of record on Monday, March 10th will be issued a dividend of $0.0207 per share. The ex-dividend date of this dividend is Monday, March 10th. CEMEX’s dividend payout ratio (DPR) is presently 12.70%.
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.
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