CEMEX, S.A.B. de C.V. (NYSE:CX) Receives $7.82 Average PT from Analysts

CEMEX, S.A.B. de C.V. (NYSE:CX) 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.

Hedge Funds Weigh In On CEMEX

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. IFP Advisors Inc grew its holdings in CEMEX by 159.1% during the fourth quarter. IFP Advisors Inc now owns 4,986 shares of the construction company’s stock valued at $28,000 after purchasing an additional 3,062 shares during the last quarter. Barclays PLC boosted its position in shares of CEMEX by 41.8% in the third quarter. Barclays PLC now owns 6,249 shares of the construction company’s stock valued at $38,000 after acquiring an additional 1,843 shares during the period. Townsquare Capital LLC bought a new stake in shares of CEMEX in the fourth quarter valued at approximately $57,000. Dark Forest Capital Management LP bought a new stake in shares of CEMEX in the fourth quarter valued at approximately $59,000. Finally, Raiffeisen Bank International AG bought a new stake in shares of CEMEX in the fourth quarter valued at approximately $59,000. Institutional investors and hedge funds own 82.97% of the company’s stock.

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) 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.