Cemex S.A.B. de C.V. (NYSE:CX) Given Average Rating of "Hold" by Analysts

Shares of Cemex S.A.B. de C.V. (NYSE:CX - Get Free Report) have been given a consensus rating of "Hold" by the eight research firms that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $7.74.

CX has been the topic of a number of analyst reports. Bradesco Corretora set a $7.50 target price on Cemex and gave the stock a "neutral" rating in a research report on Tuesday, April 15th. JPMorgan Chase & Co. upped their target price on Cemex from $6.00 to $6.80 and gave the stock a "neutral" rating in a research report on Tuesday, April 29th. Barclays restated an "overweight" rating and issued a $9.00 target price (up from $8.00) on shares of Cemex in a research report on Tuesday, July 15th. Itau BBA Securities downgraded Cemex from an "outperform" rating to a "market perform" rating in a research report on Tuesday, June 3rd. Finally, Wall Street Zen downgraded Cemex from a "buy" rating to a "hold" rating in a research report on Sunday.

Institutional Trading of Cemex

Several institutional investors and hedge funds have recently made changes to their positions in the company. Farther Finance Advisors LLC grew its stake in Cemex by 63.7% in the 2nd quarter. Farther Finance Advisors LLC now owns 5,210 shares of the construction company's stock valued at $36,000 after acquiring an additional 2,027 shares during the period. Wayfinding Financial LLC acquired a new stake in shares of Cemex in the first quarter valued at approximately $29,000. Jones Financial Companies Lllp raised its stake in shares of Cemex by 334.7% during the first quarter. Jones Financial Companies Lllp now owns 9,189 shares of the construction company's stock worth $52,000 after purchasing an additional 7,075 shares during the last quarter. Barclays PLC raised its position in Cemex by 56.2% in the fourth quarter. Barclays PLC now owns 9,759 shares of the construction company's stock worth $55,000 after acquiring an additional 3,510 shares in the last quarter. Finally, Townsquare Capital LLC purchased a new position in Cemex in the fourth quarter worth $57,000. 82.97% of the stock is currently owned by institutional investors.

Cemex Stock Up 1.2%

Shares of CX traded up $0.10 during trading hours on Friday, hitting $7.72. The company had a trading volume of 16,171,132 shares, compared to its average volume of 12,038,385. Cemex has a 52-week low of $4.89 and a 52-week high of $7.83. The stock has a market capitalization of $11.18 billion, a price-to-earnings ratio of 8.04, a P/E/G ratio of 1.25 and a beta of 1.38. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.60 and a current ratio of 0.85. The firm has a fifty day moving average price of $7.01 and a 200-day moving average price of $6.30.

Cemex (NYSE:CX - Get Free Report) last issued its quarterly earnings results on Monday, April 28th. The construction company reported $0.08 EPS for the quarter. Cemex had a return on equity of 6.47% and a net margin of 8.84%. The firm had revenue of $186.46 million during the quarter, compared to analysts' expectations of $214.59 million. On average, equities research analysts forecast that Cemex will post 0.69 EPS for the current fiscal year.

Cemex Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 26th. Investors of record on Tuesday, June 17th were issued a $0.0224 dividend. This represents a $0.09 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date of this dividend was Tuesday, June 17th. Cemex's dividend payout ratio (DPR) is presently 8.33%.

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.