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

Cemex S.A.B. de C.V. (NYSE:CX - Get Free Report) has earned an average recommendation of "Hold" from the eight research firms that are presently covering the firm, MarketBeat Ratings reports. One 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 brokers that have updated their coverage on the stock in the last year is $7.58.

Several equities analysts have recently issued reports on the stock. The Goldman Sachs Group raised their price target 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. lifted their target price 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. Morgan Stanley downgraded shares of Cemex from an "overweight" rating to an "equal weight" rating in a research note on Wednesday, March 26th. Itau BBA Securities downgraded shares of Cemex from an "outperform" rating to a "market perform" rating in a research note on Tuesday, June 3rd. Finally, Bradesco Corretora set a $7.50 target price on shares of Cemex and gave the stock a "neutral" rating in a research note on Tuesday, April 15th.

Cemex Price Performance

Shares of NYSE:CX opened at $6.80 on Monday. The company has a market cap of $9.85 billion, a price-to-earnings ratio of 7.08, a PEG ratio of 1.30 and a beta of 1.40. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.85 and a quick ratio of 0.60. The firm has a 50 day simple moving average of $6.48 and a 200 day simple moving average of $6.09. Cemex has a one year low of $4.89 and a one year high of $7.34.

Cemex (NYSE:CX - Get Free Report) last issued its quarterly earnings data on Monday, April 28th. The construction company reported $0.08 EPS for the quarter. The business had revenue of $186.46 million during the quarter, compared to the consensus estimate of $214.59 million. Cemex had a net margin of 8.84% and a return on equity of 6.47%. Research analysts predict that Cemex will post 0.69 earnings per share for the current fiscal year.

Cemex Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 26th. Shareholders of record on Tuesday, June 17th will be issued a $0.0224 dividend. This represents a $0.09 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date of this dividend is Tuesday, June 17th. Cemex's payout ratio is 8.33%.

Institutional Investors Weigh In On Cemex

Large investors have recently bought and sold shares of the stock. IFP Advisors Inc grew its holdings in Cemex by 159.1% in the fourth quarter. IFP Advisors Inc now owns 4,986 shares of the construction company's stock worth $28,000 after purchasing an additional 3,062 shares during the period. Wayfinding Financial LLC acquired a new stake in Cemex in the first quarter worth $29,000. Jones Financial Companies Lllp grew its holdings in Cemex by 334.7% in 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 period. Barclays PLC grew its holdings 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 purchasing an additional 3,510 shares during the period. Finally, Townsquare Capital LLC acquired a new stake in Cemex in the fourth quarter worth $57,000. 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.

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