CEMEX, S.A.B. de C.V. (NYSE:CX - Get Free Report)'s stock price reached a new 52-week low on Thursday . The company traded as low as $4.89 and last traded at $5.35, with a volume of 25831594 shares. The stock had previously closed at $5.08.
Analysts Set New Price Targets
A number of research analysts recently weighed in on the stock. The Goldman Sachs Group raised their target price on shares of CEMEX from $8.00 to $9.00 and gave the company a "buy" rating in a research report on Thursday, February 27th. StockNews.com lowered CEMEX from a "buy" rating to a "hold" rating in a report on Tuesday, April 8th. Morgan Stanley downgraded CEMEX from an "overweight" rating to an "equal weight" rating in a research note on Wednesday, March 26th. Finally, Royal Bank of Canada lowered their price target on CEMEX from $6.00 to $5.00 and set an "underperform" rating on the stock in a research report on Monday. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $7.65.
View Our Latest Analysis on CX
CEMEX Stock Performance
The company has a market capitalization of $7.76 billion, a price-to-earnings ratio of 8.50 and a beta of 1.28. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.82 and a quick ratio of 0.58. The company's 50-day moving average price is $6.03 and its two-hundred day moving average price is $5.81.
CEMEX (NYSE:CX - Get Free Report) last announced its earnings results on Thursday, February 13th. The construction company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.10 by $0.06. CEMEX had a return on equity of 7.78% and a net margin of 5.70%. On average, equities research analysts anticipate that CEMEX, S.A.B. de C.V. will post 0.69 EPS for the current fiscal year.
CEMEX Dividend Announcement
The business also recently disclosed a dividend, which was paid on Tuesday, March 18th. Stockholders of record on Monday, March 10th were given a dividend of $0.0207 per share. The ex-dividend date was Monday, March 10th. CEMEX's dividend payout ratio (DPR) is presently 12.70%.
Institutional Investors Weigh In On CEMEX
Hedge funds and other institutional investors have recently modified their holdings of the company. Dodge & Cox lifted its position in CEMEX by 7,200.6% in the 4th quarter. Dodge & Cox now owns 49,622,009 shares of the construction company's stock valued at $279,868,000 after acquiring an additional 48,942,309 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in CEMEX by 30.6% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 40,745,819 shares of the construction company's stock valued at $229,806,000 after acquiring an additional 9,541,622 shares in the last quarter. Lazard Asset Management LLC boosted its holdings in CEMEX by 3.2% during the 4th quarter. Lazard Asset Management LLC now owns 36,836,513 shares of the construction company's stock worth $207,757,000 after acquiring an additional 1,127,293 shares during the last quarter. Schroder Investment Management Group raised its holdings in shares of CEMEX by 745.6% in the fourth quarter. Schroder Investment Management Group now owns 26,739,107 shares of the construction company's stock valued at $150,809,000 after purchasing an additional 23,576,914 shares during the last quarter. Finally, Brandes Investment Partners LP boosted its holdings in CEMEX by 33.7% during the fourth quarter. Brandes Investment Partners LP now owns 24,233,835 shares of the construction company's stock worth $136,679,000 after purchasing an additional 6,110,857 shares during the last quarter. Institutional investors own 82.97% of the company's stock.
About CEMEX
(
Get Free Report)
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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