Cemex S.A.B. de C.V. (NYSE:CX – Get Free Report) has been assigned a consensus recommendation of “Moderate Buy” from the twelve analysts that are covering the company, MarketBeat Ratings reports. Five analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1-year target price among analysts that have covered the stock in the last year is $13.0667.
Several equities analysts have recently weighed in on the company. Wall Street Zen downgraded Cemex from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Weiss Ratings restated a “hold (c-)” rating on shares of Cemex in a report on Friday, August 21st. Royal Bank Of Canada lifted their target price on shares of Cemex from $12.75 to $13.50 and gave the stock a “sector perform” rating in a research note on Friday, July 24th. Scotiabank upped their target price on shares of Cemex from $14.10 to $14.50 and gave the stock an “outperform” rating in a report on Tuesday, July 14th. Finally, JPMorgan Chase & Co. increased their target price on shares of Cemex from $14.50 to $15.00 and gave the company an “overweight” rating in a research report on Wednesday, July 8th.
Check Out Our Latest Report on Cemex
Insiders Place Their Bets
Institutional Trading of Cemex
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Sequoia Financial Advisors LLC increased its holdings in Cemex by 5.7% in the fourth quarter. Sequoia Financial Advisors LLC now owns 16,802 shares of the construction company’s stock valued at $193,000 after buying an additional 913 shares during the last quarter. Savant Capital LLC lifted its holdings in Cemex by 7.5% during the 4th quarter. Savant Capital LLC now owns 20,356 shares of the construction company’s stock worth $234,000 after buying an additional 1,422 shares during the last quarter. V Square Quantitative Management LLC lifted its holdings in Cemex by 12.2% during the 1st quarter. V Square Quantitative Management LLC now owns 14,003 shares of the construction company’s stock worth $160,000 after buying an additional 1,527 shares during the last quarter. NFSG Corp boosted its position in shares of Cemex by 123.5% during the 1st quarter. NFSG Corp now owns 2,858 shares of the construction company’s stock worth $33,000 after acquiring an additional 1,579 shares in the last quarter. Finally, Personal CFO Solutions LLC increased its holdings in shares of Cemex by 7.7% in the 1st quarter. Personal CFO Solutions LLC now owns 28,244 shares of the construction company’s stock valued at $323,000 after acquiring an additional 2,013 shares during the last quarter. 82.97% of the stock is owned by institutional investors and hedge funds.
Cemex Stock Up 0.1%
Shares of NYSE CX opened at $10.07 on Wednesday. The firm has a market cap of $14.60 billion, a price-to-earnings ratio of 29.63 and a beta of 1.52. The company’s 50-day simple moving average is $11.36 and its 200-day simple moving average is $11.80. The company has a quick ratio of 0.68, a current ratio of 0.92 and a debt-to-equity ratio of 0.44. Cemex has a 52-week low of $8.73 and a 52-week high of $13.67.
Cemex (NYSE:CX – Get Free Report) last issued its quarterly earnings results on Tuesday, June 30th. The construction company reported $0.24 earnings per share for the quarter. Cemex had a net margin of 2.83% and a return on equity of 3.82%. The firm had revenue of $4.59 billion for the quarter. Equities analysts predict that Cemex will post 0.91 EPS for the current fiscal year.
Cemex Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Tuesday, September 15th will be paid a dividend of $0.0312 per share. This represents a $0.12 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Tuesday, September 15th. Cemex’s dividend payout ratio is currently 35.29%.
About Cemex
CEMEX, SAB. de C.V. (NYSE: CX) is a global building materials company headquartered in Monterrey, Mexico. Its primary businesses include the production, distribution and sale of cement, ready-mix concrete and aggregates, which are used in residential, commercial and infrastructure construction.
The company also provides urbanization and building solutions, including paving materials, concrete products and related services intended to support construction projects from planning through completion.
Read More
- Five stocks we like better than Cemex
- NVIDIA Just Named AI’s Next Bottleneck—And These 3 Stocks Sit Right In It
- Gold Has Gone Sideways, But These 3 Stocks Haven’t
- The AI Bottleneck Is Not Chips Anymore and 3 Pipeline Stocks Are Cashing In
- These 3 Stocks Under $20 Have Wall Street Looking Past the Share Price
Receive News & Ratings for Cemex Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cemex and related companies with MarketBeat.com's FREE daily email newsletter.
