Cemex S.A.B. de C.V. (NYSE:CX) Stock Has Average Price Target of $13.04

Cemex S.A.B. de C.V. (NYSE:CX – Get Free Report) has been given an average recommendation of “Moderate Buy” by the eleven brokerages that are covering the firm, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $13.57.

CX has been the subject of several research analyst reports. Barclays raised their target price on shares of Cemex from $15.00 to $16.00 and gave the company an “overweight” rating in a research note on Friday, July 24th. JPMorgan Chase & Co. boosted their price target on shares of Cemex from $14.50 to $15.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 8th. Scotiabank increased their price objective on shares of Cemex from $14.10 to $14.50 and gave the company an “outperform” rating in a report on Tuesday, July 14th. Weiss Ratings restated a “hold (c-)” rating on shares of Cemex in a research report on Friday, August 21st. Finally, Wall Street Zen lowered Cemex from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th.

View Our Latest Analysis on CX

Insiders Place Their Bets

In other news, EVP Mauricio Doehner sold 927,900 shares of the stock in a transaction that occurred on Wednesday, September 30th. The stock was sold at an average price of $9.57, for a total transaction of $8,880,003.00. Following the completion of the transaction, the executive vice president directly owned 584,930 shares in the company, valued at approximately $5,597,780.10. This represents a 61.34% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Zambrano Lozano bought 400,800 shares of the business’s stock in a transaction that occurred on Friday, September 25th. The stock was acquired at an average cost of $17.28 per share, with a total value of $6,925,824.00. Following the completion of the acquisition, the director owned 10,000,000 shares of the company’s stock, valued at $172,800,000. This represents a 4.18% increase in their position. The SEC filing for this purchase provides additional information. Corporate insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On Cemex

Several large investors have recently bought and sold shares of CX. Sax Wealth Advisors LLC increased its holdings in shares of Cemex by 20.7% in the 3rd quarter. Sax Wealth Advisors LLC now owns 17,006 shares of the construction company’s stock worth $162,000 after buying an additional 2,915 shares during the last quarter. Public Employees Retirement System of Ohio bought a new position in shares of Cemex in the 2nd quarter valued at about $683,000. Charles Schwab Trust Co bought a new position in shares of Cemex in the 2nd quarter valued at about $132,000. Contravisory Investment Management Inc. bought a new position in shares of Cemex in the 2nd quarter valued at about $277,000. Finally, Dynamic Advisor Solutions LLC grew its position in Cemex by 17.5% in the second quarter. Dynamic Advisor Solutions LLC now owns 42,732 shares of the construction company’s stock worth $513,000 after acquiring an additional 6,368 shares in the last quarter. Institutional investors own 82.97% of the company’s stock.

Cemex Trading Up 5.4%

CX stock opened at $10.04 on Friday. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.92 and a quick ratio of 0.68. Cemex has a 1-year low of $9.10 and a 1-year high of $13.67. The business has a 50 day simple moving average of $10.38 and a two-hundred day simple moving average of $11.65. The company has a market capitalization of $14.54 billion, a price-to-earnings ratio of 25.73 and a beta of 1.51.

Cemex (NYSE:CX – Get Free Report) last released its quarterly earnings data on Tuesday, June 30th. The construction company reported $0.24 earnings per share (EPS) 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. Research analysts anticipate that Cemex will post 0.91 EPS for the current fiscal year.

Cemex Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 24th. Shareholders of record on Tuesday, September 15th were paid a $0.0312 dividend. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $0.12 dividend on an annualized basis and a yield of 1.2%. Cemex’s payout ratio is presently 35.29%.

Cemex Company Profile

(Get Free Report)

CEMEX, SAB. de C.V. is a global building materials company headquartered in San Pedro Garza García, Mexico. The company produces, distributes and sells cement, ready-mix concrete, aggregates and related construction materials used in residential, commercial and infrastructure projects.

CEMEX also provides construction solutions and services, including concrete products, paving materials, building systems and digital tools designed to support construction professionals and customers. Its operations and commercial activities serve markets across Mexico, the United States, Europe, South and Central America, the Caribbean, Africa and the Middle East.

The company traces its origins to 1906, when Cementos Hidalgo began operations in Mexico.

Recommended Stories

Analyst Recommendations for Cemex (NYSE:CX)

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.