CEMEX, S.A.B. de C.V. (NYSE:CX) Receives $7.58 Average Price Target from Brokerages

CEMEX, S.A.B. de C.V. (NYSE:CX - Get Free Report) has earned a consensus recommendation of "Hold" from the seven analysts that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $7.58.

A number of equities analysts have issued reports on the stock. Bradesco Corretora set a $7.50 price objective on shares of CEMEX and gave the company a "neutral" rating in a research report on Tuesday, April 15th. StockNews.com raised CEMEX from a "hold" rating to a "buy" rating in a research report on Saturday. Morgan Stanley cut CEMEX from an "overweight" rating to an "equal weight" rating in a report on Wednesday, March 26th. JPMorgan Chase & Co. upped their target price on CEMEX from $6.00 to $6.80 and gave the company a "neutral" rating in a report on Tuesday, April 29th. Finally, Royal Bank of Canada lifted their price target on shares of CEMEX from $5.00 to $5.25 and gave the company an "underperform" rating in a report on Tuesday, April 29th.

Hedge Funds Weigh In On CEMEX

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. IFP Advisors Inc increased its stake in shares of CEMEX by 159.1% in the 4th quarter. IFP Advisors Inc now owns 4,986 shares of the construction company's stock worth $28,000 after acquiring an additional 3,062 shares in the last quarter. Natixis Advisors LLC increased 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 valued at $2,023,000 after purchasing an additional 43,089 shares in the last quarter. Vanguard Group Inc. lifted 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 valued at $21,790,000 after purchasing an additional 53,269 shares during the last quarter. QRG Capital Management Inc. boosted its position 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 worth $174,000 after purchasing an additional 7,232 shares in the last quarter. Finally, Franklin Resources Inc. purchased a new stake in shares of CEMEX in the 4th quarter worth approximately $63,000. Hedge funds and other institutional investors own 82.97% of the company's stock.

CEMEX Trading Up 4.0 %

CX stock traded up $0.25 during trading on Friday, hitting $6.44. 23,744,399 shares of the company traded hands, compared to its average volume of 10,981,809. The company has a 50-day moving average of $5.77 and a 200-day moving average of $5.79. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.58 and a current ratio of 0.82. CEMEX has a 1 year low of $4.89 and a 1 year high of $8.10. The firm has a market capitalization of $9.33 billion, a PE ratio of 10.22 and a beta of 1.41.

CEMEX (NYSE:CX - Get Free Report) last issued its earnings results on Monday, April 28th. The construction company reported $0.08 earnings per share (EPS) for the quarter. CEMEX had a net margin of 5.70% and a return on equity of 7.78%. The firm had revenue of $186.46 million for the quarter, compared to analysts' expectations of $214.59 million. Analysts predict that CEMEX will post 0.69 earnings per share for the current fiscal year.

CEMEX Announces Dividend

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