Cemex SAB de CV (NYSE:CX) has received an average rating of “Hold” from the thirteen brokerages that are presently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and five have given a buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $8.86.
A number of research firms have weighed in on CX. HSBC lowered Cemex SAB de CV from a “buy” rating to a “hold” rating and set a $8.00 target price on the stock. in a research note on Thursday, August 16th. JPMorgan Chase & Co. set a $9.00 target price on Cemex SAB de CV and gave the stock a “buy” rating in a research note on Monday, September 24th. Scotiabank lowered Cemex SAB de CV from an “outperform” rating to a “sector perform” rating in a research note on Monday, October 29th. ValuEngine lowered Cemex SAB de CV from a “sell” rating to a “strong sell” rating in a research note on Wednesday, October 31st. Finally, Zacks Investment Research upgraded Cemex SAB de CV from a “sell” rating to a “hold” rating in a research note on Monday, October 15th.
NYSE:CX traded down $0.01 during midday trading on Monday, hitting $5.31. 18,479,243 shares of the company traded hands, compared to its average volume of 11,119,619. Cemex SAB de CV has a 12-month low of $4.79 and a 12-month high of $8.51. The firm has a market capitalization of $8.24 billion, a PE ratio of 12.95, a PEG ratio of 0.61 and a beta of 1.72. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.57 and a current ratio of 0.81.
Several institutional investors have recently made changes to their positions in CX. LPL Financial LLC increased its stake in shares of Cemex SAB de CV by 15.7% during the first quarter. LPL Financial LLC now owns 90,772 shares of the construction company’s stock valued at $601,000 after buying an additional 12,299 shares during the period. Atria Investments LLC purchased a new position in shares of Cemex SAB de CV during the second quarter valued at $404,000. FNY Investment Advisers LLC purchased a new position in shares of Cemex SAB de CV during the second quarter valued at $526,000. Exane Derivatives increased its stake in shares of Cemex SAB de CV by 27.7% during the second quarter. Exane Derivatives now owns 73,228 shares of the construction company’s stock valued at $484,000 after buying an additional 15,880 shares during the period. Finally, Zeke Capital Advisors LLC increased its stake in shares of Cemex SAB de CV by 4.7% during the second quarter. Zeke Capital Advisors LLC now owns 166,301 shares of the construction company’s stock valued at $1,091,000 after buying an additional 7,448 shares during the period. Hedge funds and other institutional investors own 33.46% of the company’s stock.
Cemex SAB de CV Company Profile
CEMEX, SAB. de C.V., together with its subsidiaries, produces, markets, distributes, and sells cement, ready-mix concrete, aggregates, clinker, and other construction materials. The company also offers various complementary construction products, including asphalt products; concrete blocks and roof tiles; architectural products; concrete pipes for storm and sanitary sewers applications; and other precast products comprising rail products, concrete floors, box culverts, bridges, drainage basins, barriers, and parking curbs.
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