Cemex (NYSE:CX) Earns "Hold (C)" Rating from Weiss Ratings

Key Points

• Cemex received a "hold (C)" rating from Weiss Ratings, reiterating its standing among stock analysts.
• The company's stock is currently trading at $9.29, with an average price target of $9.02 and a consensus rating of "Hold" from nine equities research analysts.
• Institutional investors own approximately 82.97% of Cemex's shares, indicating strong interest from large investors.

Cemex (NYSE:CX - Get Free Report)'s stock had its "hold (c)" rating reiterated by stock analysts at Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.

CX has been the topic of several other research reports. Wall Street Zen raised shares of Cemex from a "hold" rating to a "buy" rating in a report on Sunday, September 28th. JPMorgan Chase & Co. raised shares of Cemex from a "neutral" rating to an "overweight" rating and raised their target price for the company from $8.10 to $10.50 in a research note on Tuesday, August 26th. Scotiabank restated an "outperform" rating on shares of Cemex in a report on Tuesday, September 2nd. Bank of America raised their price objective on shares of Cemex from $8.60 to $10.00 and gave the company a "neutral" rating in a research report on Wednesday, September 3rd. Finally, Barclays lifted their price objective on shares of Cemex from $9.00 to $10.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 29th. Four equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, Cemex has an average rating of "Hold" and a consensus price target of $9.02.

Cemex Price Performance

Shares of CX traded up $0.19 during trading hours on Wednesday, reaching $9.29. The stock had a trading volume of 6,222,966 shares, compared to its average volume of 8,249,923. The company's 50-day moving average is $8.97 and its two-hundred day moving average is $7.42. Cemex has a 12 month low of $4.89 and a 12 month high of $9.61. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.61 and a current ratio of 0.86. The stock has a market capitalization of $13.46 billion, a PE ratio of 9.11, a PEG ratio of 1.47 and a beta of 1.51.

Cemex (NYSE:CX - Get Free Report) last issued its earnings results on Thursday, July 24th. The construction company reported $0.23 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.18 by $0.05. Cemex had a return on equity of 6.89% and a net margin of 9.61%.The company had revenue of $4.13 billion for the quarter, compared to analysts' expectations of $4.20 billion. Research analysts expect that Cemex will post 0.69 EPS for the current year.

Hedge Funds Weigh In On Cemex

Several large investors have recently made changes to their positions in CX. Cambridge Investment Research Advisors Inc. grew its holdings in shares of Cemex by 137.9% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 31,252 shares of the construction company's stock worth $175,000 after buying an additional 18,114 shares in the last quarter. Oppenheimer & Co. Inc. boosted its position in shares of Cemex by 21.0% during the 1st quarter. Oppenheimer & Co. Inc. now owns 14,431 shares of the construction company's stock valued at $81,000 after purchasing an additional 2,505 shares in the last quarter. Northern Trust Corp boosted its holdings in Cemex by 4.6% in the first quarter. Northern Trust Corp now owns 1,785,660 shares of the construction company's stock worth $10,018,000 after acquiring an additional 77,898 shares in the last quarter. American Century Companies Inc. increased its position in shares of Cemex by 2.9% during the 1st quarter. American Century Companies Inc. now owns 3,645,959 shares of the construction company's stock valued at $20,454,000 after purchasing an additional 104,172 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. boosted its holdings in shares of Cemex by 11.1% in the first quarter. Oppenheimer Asset Management Inc. now owns 71,452 shares of the construction company's stock worth $401,000 after acquiring an additional 7,119 shares during the period. Institutional investors and hedge funds own 82.97% of the company's stock.

Cemex Company Profile

CEMEX, SAB. de C.V., together with its subsidiaries, produces, markets, distributes, and sells cement, ready-mix concrete, aggregates, urbanization solutions, and other construction materials and services worldwide. The company offers gray ordinary portland, white portland, oil-well, and blended cement products; mortar; and standard ready-mix, architectural and decorative, rapid-setting, fiber-reinforced, fluid-fill, roller-compacted, self-consolidating, pervious, and antibacterial, and other concrete products.

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