CEMEX (NYSE:CX) Price Target Raised to $6.80 at JPMorgan Chase & Co.

CEMEX (NYSE:CX - Free Report) had its price target increased by JPMorgan Chase & Co. from $6.00 to $6.80 in a report released on Tuesday,Benzinga reports. They currently have a neutral rating on the construction company's stock.

Several other research analysts have also commented on the company. Bradesco Corretora set a $7.50 price objective on CEMEX and gave the stock a "neutral" rating in a report on Tuesday, April 15th. Morgan Stanley lowered shares of CEMEX from an "overweight" rating to an "equal weight" rating in a report on Wednesday, March 26th. The Goldman Sachs Group lifted their price objective on shares of CEMEX from $8.00 to $9.00 and gave the stock a "buy" rating in a report on Thursday, February 27th. StockNews.com lowered shares of CEMEX from a "buy" rating to a "hold" rating in a research report on Friday, April 25th. 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, April 14th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, CEMEX presently has a consensus rating of "Hold" and an average price target of $7.58.

CEMEX Price Performance

NYSE:CX traded up $0.06 during trading hours on Tuesday, hitting $6.16. The stock had a trading volume of 6,399,995 shares, compared to its average volume of 10,867,983. The company has a 50 day simple moving average of $5.78 and a two-hundred day simple moving average of $5.79. The firm has a market capitalization of $8.92 billion, a price-to-earnings ratio of 9.77 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. CEMEX has a one year low of $4.89 and a one year high of $8.11.

CEMEX (NYSE:CX - Get Free Report) last posted its quarterly earnings data on Monday, April 28th. The construction company reported $0.08 earnings per share (EPS) for the quarter. CEMEX had a return on equity of 7.78% and a net margin of 5.70%. The company had revenue of $186.46 million during the quarter, compared to analyst estimates of $214.59 million. Research analysts forecast that CEMEX will post 0.69 earnings per share for the current fiscal year.

CEMEX Announces Dividend

The firm also recently declared a dividend, which was paid on Tuesday, March 18th. Shareholders of record on Monday, March 10th were paid a $0.0207 dividend. The ex-dividend date of this dividend was Monday, March 10th. CEMEX's dividend payout ratio is presently 12.70%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of CX. Dodge & Cox boosted its holdings in CEMEX by 7,200.6% during 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 during the period. Schroder Investment Management Group boosted its stake in shares of CEMEX by 745.6% during 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 period. ANTIPODES PARTNERS Ltd bought a new position in shares of CEMEX in the fourth quarter worth approximately $86,056,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of CEMEX by 30.6% in the fourth 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 worth $229,806,000 after buying an additional 9,541,622 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in CEMEX by 123.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 14,441,466 shares of the construction company's stock valued at $88,093,000 after buying an additional 7,986,204 shares during the last quarter. 82.97% of the stock is owned by institutional investors.

About CEMEX

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.