Cemex S.A.B. de C.V. (NYSE:CX) Stock Rated “Moderate Buy” by Sell-Side Analysts

Shares of Cemex S.A.B. de C.V. (NYSE:CX – Get Free Report) have been given a consensus rating of “Moderate Buy” by the eleven ratings firms that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and seven have issued a buy recommendation on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $13.92.

A number of research firms recently weighed in on CX. Zacks Research lowered shares of Cemex from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 22nd. Wall Street Zen upgraded shares of Cemex from a “hold” rating to a “buy” rating in a research note on Saturday, October 31st. Weiss Ratings upgraded shares of Cemex from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, October 29th. Barclays increased their price target on shares of Cemex from $15.00 to $16.00 and gave the stock an “overweight” rating in a report on Friday, July 24th. Finally, Scotiabank reduced their price objective on shares of Cemex from $14.50 to $13.80 and set a “sector outperform” rating for the company in a research report on Tuesday, October 27th.

View Our Latest Stock Report on Cemex

Cemex Stock Down 1.3%

Cemex stock opened at $10.64 on Thursday. The company has a market capitalization of $15.42 billion, a P/E ratio of 22.00 and a beta of 1.59. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.71 and a current ratio of 0.95. Cemex has a fifty-two week low of $9.30 and a fifty-two week high of $13.67. The stock has a 50-day simple moving average of $10.23 and a 200-day simple moving average of $11.58.

Cemex (NYSE:CX – Get Free Report) last released its quarterly earnings results on Sunday, October 25th. The construction company reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.03. The firm had revenue of $4.59 billion for the quarter, compared to the consensus estimate of $4.47 billion. Cemex had a return on equity of 5.18% and a net margin of 3.60%. Equities research analysts expect that Cemex will post 0.87 earnings per share for the current year.

Cemex Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 24th. Shareholders of record on Tuesday, September 15th were given a dividend of $0.0312 per share. The ex-dividend date was Tuesday, September 15th. This represents a $0.12 annualized dividend and a yield of 1.2%. Cemex’s payout ratio is presently 27.27%.

Insider Transactions at Cemex

In other news, EVP Mauricio Doehner sold 927,900 shares of the firm’s stock in a transaction that occurred on Wednesday, September 30th. The stock was sold at an average price of $9.57, for a total value of $8,880,003.00. Following the completion of the sale, the executive vice president directly owned 584,930 shares of the company’s stock, valued at $5,597,780.10. This trade represents a 61.34% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP De La Garza Oscar Bal Elizondo sold 212,680 shares of Cemex stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $10.68, for a total value of $2,271,422.40. Following the completion of the sale, the vice president owned 289,490 shares in the company, valued at approximately $3,091,753.20. This trade represents a 42.35% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. NFSG Corp lifted its holdings in Cemex by 123.5% in the first quarter. NFSG Corp now owns 2,858 shares of the construction company’s stock valued at $33,000 after acquiring an additional 1,579 shares during the period. Charles Schwab Trust Co purchased a new stake in shares of Cemex during the 2nd quarter worth $132,000. Integrity Alliance LLC. acquired a new position in shares of Cemex during the 3rd quarter worth $112,000. Ethic Inc. acquired a new position in shares of Cemex during the 3rd quarter worth $132,000. Finally, V Square Quantitative Management LLC grew its stake in shares of 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 purchasing an additional 1,527 shares during the period. Institutional investors and hedge funds own 82.97% of the company’s stock.

About Cemex

(Get Free Report)

Cemex is a global building materials company headquartered in San Pedro Garza García, Mexico. Founded in Mexico in 1906, it has grown through expansion and acquisitions into an international supplier serving construction and infrastructure markets. The company produces and sells cement, ready-mix concrete and aggregates, including sand and gravel. It also provides related building-materials and construction solutions, along with services such as logistics and materials delivery. Cemex serves customers across the Americas, Europe, the Middle East, Africa and Asia.

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Analyst Recommendations for Cemex (NYSE:CX)

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