CEMEX (NYSE:CX) Shares Up 5.3% - Here's What Happened

CEMEX, S.A.B. de C.V. (NYSE:CX - Get Free Report)'s share price rose 5.3% during trading on Monday . The stock traded as high as $6.17 and last traded at $6.23. Approximately 2,341,574 shares were traded during mid-day trading, a decline of 78% from the average daily volume of 10,749,562 shares. The stock had previously closed at $5.92.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on CX shares. JPMorgan Chase & Co. lifted their price target on CEMEX from $6.00 to $6.80 and gave the stock a "neutral" rating in a report on Tuesday. StockNews.com raised CEMEX from a "hold" rating to a "buy" rating in a report on Saturday. Royal Bank of Canada upped their price target on shares of CEMEX from $5.00 to $5.25 and gave the company an "underperform" rating in a research note on Tuesday. Bradesco Corretora set a $7.50 price objective on shares of CEMEX and gave the stock a "neutral" rating in a research note on Tuesday, April 15th. Finally, The Goldman Sachs Group increased their target price on shares of CEMEX from $8.00 to $9.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, CEMEX currently has an average rating of "Hold" and an average target price of $7.58.

CEMEX Stock Up 0.9 %

The firm's 50-day moving average price is $5.78 and its 200 day moving average price is $5.79. The company has a current ratio of 0.82, a quick ratio of 0.58 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $8.92 billion, a price-to-earnings ratio of 9.77 and a beta of 1.41.

CEMEX (NYSE:CX - Get Free Report) last announced its quarterly earnings data on Monday, April 28th. The construction company reported $0.08 EPS for the quarter. The business had revenue of $186.46 million during the quarter, compared to the consensus estimate of $214.59 million. CEMEX had a net margin of 5.70% and a return on equity of 7.78%. On average, sell-side analysts forecast that CEMEX, S.A.B. de C.V. will post 0.69 EPS for the current fiscal year.

CEMEX Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Tuesday, March 18th. Investors of record on Monday, March 10th were paid a $0.0207 dividend. The ex-dividend date was Monday, March 10th. CEMEX's dividend payout ratio (DPR) is presently 8.33%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. grew its holdings in shares of 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 purchasing an additional 7,986,204 shares during the last quarter. IFP Advisors Inc boosted its position in CEMEX by 159.1% in the fourth quarter. IFP Advisors Inc now owns 4,986 shares of the construction company's stock valued at $28,000 after buying an additional 3,062 shares in the last quarter. Natixis Advisors LLC grew its stake in shares of CEMEX by 13.6% during the fourth quarter. Natixis Advisors LLC now owns 358,776 shares of the construction company's stock worth $2,023,000 after buying an additional 43,089 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of CEMEX by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 3,863,502 shares of the construction company's stock worth $21,790,000 after buying an additional 53,269 shares in the last quarter. Finally, QRG Capital Management Inc. lifted its stake in shares of CEMEX by 30.5% in the 4th quarter. QRG Capital Management Inc. now owns 30,937 shares of the construction company's stock valued at $174,000 after acquiring an additional 7,232 shares during the last quarter. Institutional investors and hedge funds own 82.97% of the company's stock.

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.