Brokerages Set Cemex S.A.B. de C.V. (NYSE:CX) Target Price at $7.58

Shares of Cemex S.A.B. de C.V. (NYSE:CX - Get Free Report) have earned a consensus recommendation of "Hold" from the eight analysts that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $7.58.

A number of analysts have weighed in on the stock. JPMorgan Chase & Co. raised their target price on shares of Cemex from $6.00 to $6.80 and gave the company a "neutral" rating in a research report on Tuesday, April 29th. Bradesco Corretora set a $7.50 target price on shares of Cemex and gave the company a "neutral" rating in a research report on Tuesday, April 15th. Itau BBA Securities lowered shares of Cemex from an "outperform" rating to a "market perform" rating in a research report on Tuesday, June 3rd. Morgan Stanley lowered shares of Cemex from an "overweight" rating to an "equal weight" rating in a research report on Wednesday, March 26th. Finally, Royal Bank Of Canada raised their target price on shares of Cemex from $5.00 to $5.25 and gave the company an "underperform" rating in a research report on Tuesday, April 29th.

Hedge Funds Weigh In On Cemex

Several large investors have recently modified their holdings of CX. IFP Advisors Inc raised its stake in shares of Cemex by 159.1% during the fourth quarter. IFP Advisors Inc now owns 4,986 shares of the construction company's stock valued at $28,000 after acquiring an additional 3,062 shares during the last quarter. Wayfinding Financial LLC bought a new position in Cemex during the first quarter worth $29,000. Jones Financial Companies Lllp raised its stake in Cemex by 334.7% during the first quarter. Jones Financial Companies Lllp now owns 9,189 shares of the construction company's stock worth $52,000 after buying an additional 7,075 shares during the last quarter. Barclays PLC raised its stake in Cemex by 56.2% during the fourth quarter. Barclays PLC now owns 9,759 shares of the construction company's stock worth $55,000 after buying an additional 3,510 shares during the last quarter. Finally, Townsquare Capital LLC bought a new position in Cemex during the fourth quarter worth $57,000. Institutional investors own 82.97% of the company's stock.

Cemex Price Performance

Shares of NYSE CX traded up $0.12 during trading hours on Monday, hitting $6.86. 12,624,406 shares of the stock were exchanged, compared to its average volume of 11,922,527. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.60 and a current ratio of 0.85. The company has a market cap of $9.93 billion, a PE ratio of 7.14, a price-to-earnings-growth ratio of 1.30 and a beta of 1.40. The company's fifty day simple moving average is $6.60 and its two-hundred day simple moving average is $6.11. Cemex has a 1-year low of $4.89 and a 1-year high of $7.34.

Cemex (NYSE:CX - Get Free Report) last posted its quarterly 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 8.84% and a return on equity of 6.47%. The business had revenue of $186.46 million for the quarter, compared to analyst estimates of $214.59 million. On average, sell-side analysts predict that Cemex will post 0.69 EPS for the current year.

Cemex Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 26th. Stockholders of record on Tuesday, June 17th will be paid a dividend of $0.0224 per share. This represents a $0.09 annualized dividend and a dividend yield of 1.31%. The ex-dividend date of this dividend is Tuesday, June 17th. Cemex's payout ratio is currently 8.33%.

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.