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

CEMEX, S.A.B. de C.V. (NYSE:CX - Get Free Report) has been assigned an average rating of "Hold" from the seven analysts that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $7.58.

CX has been the topic of several recent analyst reports. The Goldman Sachs Group boosted their target price on shares of CEMEX from $8.00 to $9.00 and gave the company a "buy" rating in a research note on Thursday, February 27th. JPMorgan Chase & Co. increased their price objective on CEMEX from $6.00 to $6.80 and gave the stock a "neutral" rating in a research note on Tuesday, April 29th. Morgan Stanley cut CEMEX from an "overweight" rating to an "equal weight" rating in a research note on Wednesday, March 26th. Wall Street Zen raised shares of CEMEX from a "hold" rating to a "buy" rating in a research report on Saturday, May 3rd. Finally, 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.

Institutional Investors Weigh In On CEMEX

Several institutional investors and hedge funds have recently modified their holdings of CX. Dodge & Cox increased its position in CEMEX by 7,200.6% during the fourth quarter. Dodge & Cox now owns 49,622,009 shares of the construction company's stock worth $279,868,000 after buying an additional 48,942,309 shares during the last quarter. Schroder Investment Management Group boosted its stake in shares of CEMEX by 745.6% during the 4th quarter. Schroder Investment Management Group now owns 26,739,107 shares of the construction company's stock worth $150,809,000 after acquiring an additional 23,576,914 shares in the last quarter. ANTIPODES PARTNERS Ltd acquired a new position in shares of CEMEX during the 4th quarter valued at about $86,056,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of CEMEX by 30.6% during the 4th 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. Finally, Orbis Allan Gray Ltd raised its stake in shares of CEMEX by 115.6% in the 1st 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 in the last quarter. Institutional investors and hedge funds own 82.97% of the company's stock.

CEMEX Trading Down 3.0%

CX traded down $0.21 during trading on Thursday, reaching $6.83. The company had a trading volume of 22,304,062 shares, compared to its average volume of 11,698,196. The firm's 50-day simple moving average is $6.06 and its 200 day simple moving average is $5.94. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.58 and a current ratio of 0.82. The company has a market cap of $9.90 billion, a price-to-earnings ratio of 10.84 and a beta of 1.41. CEMEX has a 12-month low of $4.89 and a 12-month high of $7.65.

CEMEX (NYSE:CX - Get Free Report) last released its earnings results on Monday, April 28th. The construction company reported $0.08 earnings per share for the quarter. The business had revenue of $186.46 million for 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%. Equities research analysts anticipate that CEMEX will post 0.69 earnings per share for the current year.

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.