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

Key Points

• Cemex S.A.B. de C.V. has received a consensus rating of "Hold" from analysts, with one sell rating, four hold ratings, and three buy ratings among eight firms covering the stock.
• The company reported earnings of $0.23 per share for the recent quarter, surpassing analysts' expectations of $0.18, despite revenue falling short at $4.13 billion.
• Cemex announced a quarterly dividend of $0.0224 per share, yielding approximately 1.0%, with a low dividend payout ratio of 7.84%.

Shares of Cemex S.A.B. de C.V. (NYSE:CX - Get Free Report) have earned a consensus rating of "Hold" from the eight ratings firms that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $7.9083.

CX has been the topic of a number of research reports. Barclays raised their price target on Cemex from $9.00 to $10.00 and gave the stock an "overweight" rating in a report on Tuesday, July 29th. Itau BBA Securities lowered Cemex from an "outperform" rating to a "market perform" rating in a report on Tuesday, June 3rd. Royal Bank Of Canada boosted their price target on shares of Cemex from $5.00 to $5.25 and gave the stock an "underperform" rating in a research note on Tuesday, April 29th. JPMorgan Chase & Co. boosted their price target on shares of Cemex from $6.00 to $6.80 and gave the stock a "neutral" rating in a research note on Tuesday, April 29th. Finally, Bradesco Corretora set a $7.50 price target on shares of Cemex and gave the stock a "neutral" rating in a research note on Tuesday, April 15th.

Hedge Funds Weigh In On Cemex

A number of large investors have recently bought and sold shares of CX. LPL Financial LLC raised its stake in Cemex by 12.8% during the fourth quarter. LPL Financial LLC now owns 190,591 shares of the construction company's stock worth $1,075,000 after purchasing an additional 21,617 shares during the period. Vanguard Group Inc. raised its stake in 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 purchasing an additional 53,269 shares during the period. Franklin Resources Inc. purchased a new position in shares of Cemex in the 4th quarter valued at $63,000. Wells Fargo & Company MN raised its stake in shares of Cemex by 4.8% in the 4th quarter. Wells Fargo & Company MN now owns 1,142,193 shares of the construction company's stock valued at $6,442,000 after acquiring an additional 51,967 shares during the period. Finally, Envestnet Asset Management Inc. raised its stake in shares of Cemex by 6.9% in the 4th quarter. Envestnet Asset Management Inc. now owns 716,800 shares of the construction company's stock valued at $4,043,000 after acquiring an additional 46,330 shares during the period. Hedge funds and other institutional investors own 82.97% of the company's stock.

Cemex Price Performance

Shares of CX opened at $8.66 on Tuesday. Cemex has a 1-year low of $4.89 and a 1-year high of $8.79. The stock has a market cap of $12.54 billion, a PE ratio of 8.49, a price-to-earnings-growth ratio of 0.92 and a beta of 1.40. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.86 and a quick ratio of 0.61. The firm has a fifty day moving average price of $7.46 and a 200 day moving average price of $6.61.

Cemex (NYSE:CX - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The construction company reported $0.23 earnings per share for the quarter, beating analysts' consensus estimates of $0.18 by $0.05. Cemex had a net margin of 9.61% and a return on equity of 6.89%. The firm had revenue of $4.13 billion during the quarter, compared to analysts' expectations of $4.20 billion. As a group, sell-side analysts anticipate that Cemex will post 0.69 EPS for the current year.

Cemex Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 26th. Investors of record on Tuesday, June 17th were given a dividend of $0.0224 per share. The ex-dividend date was Tuesday, June 17th. This represents a $0.09 dividend on an annualized basis and a yield of 1.0%. Cemex's dividend payout ratio (DPR) is 7.84%.

Cemex Company Profile

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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