Analysts Set Cemex S.A.B. de C.V. (NYSE:CX) Price Target at $7.91

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 received an average rating of "Hold" from the eight ratings firms that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $7.9083.

Several brokerages recently issued reports on CX. Royal Bank Of Canada upped their price objective on shares of Cemex from $5.00 to $5.25 and gave the company an "underperform" rating in a research note on Tuesday, April 29th. Barclays upped their price objective on shares of Cemex from $9.00 to $10.00 and gave the company an "overweight" rating in a research note on Tuesday, July 29th. Itau BBA Securities downgraded shares of Cemex from an "outperform" rating to a "market perform" rating in a research note on Tuesday, June 3rd. JPMorgan Chase & Co. upped their price objective on shares of Cemex from $6.00 to $6.80 and gave the company a "neutral" rating in a research note on Tuesday, April 29th. Finally, Wall Street Zen downgraded shares of Cemex from a "buy" rating to a "hold" rating in a research note on Sunday, July 20th.

Cemex Stock Performance

Shares of Cemex stock traded up $0.06 on Tuesday, reaching $8.56. 197,022 shares of the stock were exchanged, compared to its average volume of 12,849,756. The company has a current ratio of 0.86, a quick ratio of 0.61 and a debt-to-equity ratio of 0.37. The business has a fifty day moving average price of $7.57 and a two-hundred day moving average price of $6.66. Cemex has a 1-year low of $4.89 and a 1-year high of $8.83. The firm has a market capitalization of $12.40 billion, a PE ratio of 8.40, a PEG ratio of 0.93 and a beta of 1.40.

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 (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.05. Cemex had a net margin of 9.61% and a return on equity of 6.89%. The company had revenue of $4.13 billion for the quarter, compared to the consensus estimate of $4.20 billion. As a group, research analysts anticipate that Cemex will post 0.69 earnings per share for the current fiscal year.

Cemex Announces Dividend

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Dodge & Cox boosted its holdings in shares of Cemex by 35.1% during the second quarter. Dodge & Cox now owns 95,023,835 shares of the construction company's stock worth $658,515,000 after purchasing an additional 24,703,035 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in 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 valued at $229,806,000 after acquiring an additional 9,541,622 shares during the last quarter. Lazard Asset Management LLC lifted its stake in Cemex by 3.2% in the fourth quarter. Lazard Asset Management LLC now owns 36,836,513 shares of the construction company's stock valued at $207,757,000 after acquiring an additional 1,127,293 shares during the last quarter. Brandes Investment Partners LP lifted its stake in Cemex by 7.7% in the second quarter. Brandes Investment Partners LP now owns 32,648,163 shares of the construction company's stock valued at $226,252,000 after acquiring an additional 2,337,817 shares during the last quarter. Finally, Orbis Allan Gray Ltd lifted its stake in Cemex by 115.6% in the first quarter. Orbis Allan Gray Ltd now owns 13,831,102 shares of the construction company's stock valued at $77,592,000 after acquiring an additional 7,416,743 shares during the last quarter. 82.97% of the stock is currently owned by institutional investors and hedge funds.

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.