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

Key Points

• Analyst consensus: Thirteen analysts give Cemex a "Hold" rating (1 sell, 6 hold, 6 buy) with an average 12‑month price target of $11.38.
• Recent results: The company reported quarterly EPS of ($0.19), missing the $0.19 consensus while revenue beat at $4.18B versus $4.01B, and analysts forecast fiscal‑year EPS of $0.69.
• Dividend and market context: Cemex raised its quarterly dividend to $0.0225 (annual $0.09, yield ~0.8%); shares opened at $10.83 and trade within a 52‑week range of $4.89–$13.35, with ~83% institutional ownership.

Cemex S.A.B. de C.V. (NYSE:CX - Get Free Report) has earned a consensus recommendation of "Hold" from the thirteen analysts that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $11.3750.

CX has been the topic of several research reports. Zacks Research lowered Cemex from a "strong-buy" rating to a "hold" rating in a research note on Monday, February 9th. Scotiabank upgraded shares of Cemex from a "sector perform" rating to a "sector outperform" rating and increased their target price for the stock from $13.50 to $13.90 in a research report on Wednesday, March 11th. HSBC lowered shares of Cemex from a "buy" rating to a "hold" rating and set a $12.80 price target on the stock. in a research report on Friday, February 6th. Morgan Stanley raised shares of Cemex from an "equal weight" rating to an "overweight" rating and set a $14.00 target price on the stock in a report on Monday. Finally, Barclays restated an "overweight" rating on shares of Cemex in a research report on Thursday, March 12th.

Institutional Investors Weigh In On Cemex

Several hedge funds have recently made changes to their positions in the company. WealthCollab LLC grew its stake in shares of Cemex by 73.7% in the 2nd quarter. WealthCollab LLC now owns 3,724 shares of the construction company's stock worth $26,000 after buying an additional 1,580 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in Cemex by 256.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,298 shares of the construction company's stock worth $30,000 after buying an additional 3,093 shares during the last quarter. Ameriflex Group Inc. lifted its stake in shares of Cemex by 100.0% in the third quarter. Ameriflex Group Inc. now owns 3,488 shares of the construction company's stock worth $31,000 after buying an additional 1,744 shares in the last quarter. Kestra Advisory Services LLC bought a new stake in shares of Cemex during the fourth quarter valued at approximately $34,000. Finally, Reyes Financial Architecture Inc. purchased a new stake in Cemex during the 3rd quarter valued at $36,000. 82.97% of the stock is currently owned by institutional investors.

Cemex Stock Performance

Shares of CX opened at $10.83 on Wednesday. The firm has a market capitalization of $15.69 billion, a P/E ratio of 16.40 and a beta of 1.60. Cemex has a 52 week low of $4.89 and a 52 week high of $13.35. The stock has a 50 day moving average price of $12.02 and a two-hundred day moving average price of $10.92. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.62 and a current ratio of 0.83.

Cemex (NYSE:CX - Get Free Report) last announced its quarterly earnings results on Thursday, February 5th. The construction company reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.38). Cemex had a return on equity of 2.85% and a net margin of 5.93%.The company had revenue of $4.18 billion for the quarter, compared to the consensus estimate of $4.01 billion. Equities analysts forecast that Cemex will post 0.69 earnings per share for the current fiscal year.

Cemex Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 19th. Shareholders of record on Wednesday, March 11th were issued a $0.0225 dividend. This is a boost from Cemex's previous quarterly dividend of $0.02. The ex-dividend date of this dividend was Wednesday, March 11th. This represents a $0.09 dividend on an annualized basis and a yield of 0.8%. Cemex's payout ratio is 13.64%.

About Cemex

Cemex NYSE: CX is a global building materials company headquartered in Monterrey, Mexico. The company produces, distributes and sells cement, ready-mix concrete and aggregates, as well as related building materials, to construction markets in more than 50 countries. Cemex's product portfolio also includes asphalt and mortar mixes, waste-derived fuels and other complementary construction solutions, supported by a network of production facilities, distribution centers and logistics operations.

Founded in 1906 as Cementos Hidalgo, the company adopted the Cemex name in 1976 following a series of domestic mergers and expansions.

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