Cemex (NYSE:CX) Cut to "Hold" at Wall Street Zen

Key Points

• Wall Street Zen downgraded Cemex from a "strong-buy" to a "hold," reducing that firm's conviction in the stock.
• Analysts are split—six Buy and six Hold—yielding an average rating of Moderate Buy and an average target price of $12.77, with recent price targets ranging up to $14.50.
• Cemex trades near $12.26 with a market cap of about $17.8B and a PE of 38.3; it reported $0.16 EPS last quarter and consensus forecasts roughly 0.92 EPS for the year, and an insider recently sold 35,000 shares.

Cemex (NYSE:CX - Get Free Report) was downgraded by analysts at Wall Street Zen from a "strong-buy" rating to a "hold" rating in a research note issued on Sunday.

A number of other equities research analysts have also issued reports on the company. Royal Bank Of Canada reiterated a "sector perform" rating and issued a $12.75 target price on shares of Cemex in a research note on Friday, April 24th. JPMorgan Chase & Co. raised their price objective on Cemex from $14.00 to $14.50 and gave the company an "overweight" rating in a research note on Friday, April 24th. Barclays restated an "overweight" rating on shares of Cemex in a research note on Thursday, March 12th. Weiss Ratings restated a "hold (c)" rating on shares of Cemex in a research note on Wednesday, January 21st. Finally, Scotiabank raised their price objective on Cemex from $13.90 to $14.10 and gave the company an "outperform" rating in a research note on Friday, April 10th. Six investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $12.77.

Cemex Trading Down 0.3%

Shares of CX stock opened at $12.26 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.87 and a quick ratio of 0.63. Cemex has a 1-year low of $5.94 and a 1-year high of $13.35. The firm has a market capitalization of $17.76 billion, a PE ratio of 38.31 and a beta of 1.52. The business's fifty day moving average price is $11.52 and its 200 day moving average price is $11.38.

Cemex (NYSE:CX - Get Free Report) last posted its earnings results on Tuesday, March 31st. The construction company reported $0.16 earnings per share (EPS) for the quarter. Cemex had a return on equity of 3.64% and a net margin of 2.74%. As a group, sell-side analysts forecast that Cemex will post 0.92 EPS for the current fiscal year.

Insiders Place Their Bets

In other Cemex news, insider Herrera Jesus Vicente Gonzalez sold 35,000 shares of the firm's stock in a transaction that occurred on Tuesday, April 28th. The stock was sold at an average price of $12.16, for a total transaction of $425,600.00. Following the completion of the sale, the insider owned 846,010 shares in the company, valued at $10,287,481.60. This trade represents a 3.97% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of CX. Kestra Advisory Services LLC bought a new position in Cemex during the fourth quarter worth $34,000. Ameriflex Group Inc. lifted its stake in Cemex by 100.0% during the third quarter. Ameriflex Group Inc. now owns 3,488 shares of the construction company's stock worth $31,000 after purchasing an additional 1,744 shares during the last quarter. WealthCollab LLC lifted its stake in Cemex by 73.7% during the second quarter. WealthCollab LLC now owns 3,724 shares of the construction company's stock worth $26,000 after purchasing an additional 1,580 shares during the last quarter. Reyes Financial Architecture Inc. bought a new position in Cemex during the third quarter worth $36,000. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in Cemex by 256.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,298 shares of the construction company's stock worth $30,000 after purchasing an additional 3,093 shares during the last quarter. Institutional investors own 82.97% of the company's stock.

Cemex Company Profile

Cemex NYSE: CX is a global building materials company headquartered in Monterrey, Mexico. The company produces, distributes and sells cement, ready-mix concrete and aggregates, as well as related building materials, to construction markets in more than 50 countries. Cemex's product portfolio also includes asphalt and mortar mixes, waste-derived fuels and other complementary construction solutions, supported by a network of production facilities, distribution centers and logistics operations.

Founded in 1906 as Cementos Hidalgo, the company adopted the Cemex name in 1976 following a series of domestic mergers and expansions.

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