Cemex S.A.B. de C.V. (CX) - What Are Researchers Thinking About This Stock?

Key Points

• Analysts give Cemex a “Moderate Buy” consensus: Seven of 11 brokerages rate the stock a buy, three a hold, and one a sell; the average 12-month price target is $13.92.
• Cemex beat quarterly estimates, reporting EPS of $0.28 versus $0.25 expected and revenue of $4.59 billion versus $4.47 billion expected.
• Insider transactions were mixed: a vice president sold 212,680 shares, while a director bought 400,800 shares. Institutional investors and hedge funds own 82.97% of the stock.

Cemex S.A.B. de C.V. (NYSE:CX - Get Free Report) has received a consensus rating of "Moderate Buy" from the eleven brokerages that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $13.92.

CX has been the topic of several recent analyst reports. Barclays raised their price target on shares of Cemex from $15.00 to $16.00 and gave the stock an "overweight" rating in a research note on Friday, July 24th. Wall Street Zen raised shares of Cemex from a "hold" rating to a "buy" rating in a research note on Saturday, October 31st. JPMorgan Chase & Co. increased their price objective on Cemex from $14.50 to $15.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 8th. Citigroup raised Cemex from a "neutral" rating to a "buy" rating and dropped their price objective for the stock from $13.70 to $12.00 in a research note on Thursday, October 15th. Finally, Bradesco Corretora raised Cemex from a "neutral" rating to an "outperform" rating and set a $14.00 target price for the company in a research report on Thursday, October 29th.

Insiders Place Their Bets

In other news, VP De La Garza Oscar Bal Elizondo sold 212,680 shares of the company's stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $10.68, for a total transaction of $2,271,422.40. Following the transaction, the vice president owned 289,490 shares in the company, valued at $3,091,753.20. This represents a 42.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Zambrano Lozano purchased 400,800 shares of the business's stock in a transaction on Friday, September 25th. The shares were bought at an average price of $17.28 per share, for a total transaction of $6,925,824.00. Following the purchase, the director directly owned 10,000,000 shares in the company, valued at $172,800,000. This represents a 4.18% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 1.00% of the stock is currently owned by corporate insiders.

Institutional Trading of Cemex

Several institutional investors and hedge funds have recently bought and sold shares of CX. NFSG Corp boosted its stake in Cemex by 123.5% during the first quarter. NFSG Corp now owns 2,858 shares of the construction company's stock worth $33,000 after buying an additional 1,579 shares during the last quarter. Integrity Alliance LLC. purchased a new stake in Cemex in the 3rd quarter valued at $112,000. Charles Schwab Trust Co purchased a new stake in Cemex in the 2nd quarter valued at $132,000. Ethic Inc. acquired a new stake in shares of Cemex in the 3rd quarter worth $132,000. Finally, V Square Quantitative Management LLC increased its stake in shares of Cemex by 12.2% in the 1st quarter. V Square Quantitative Management LLC now owns 14,003 shares of the construction company's stock worth $160,000 after acquiring an additional 1,527 shares during the last quarter. 82.97% of the stock is currently owned by institutional investors and hedge funds.

Cemex Trading Up 3.3%

Shares of NYSE CX opened at $10.94 on Thursday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.71 and a current ratio of 0.95. The business's 50 day moving average price is $10.23 and its 200-day moving average price is $11.63. Cemex has a fifty-two week low of $9.30 and a fifty-two week high of $13.67. The company has a market cap of $15.84 billion, a price-to-earnings ratio of 24.85 and a beta of 1.59.

Cemex (NYSE:CX - Get Free Report) last posted its quarterly earnings data on Monday, October 26th. The construction company reported $0.28 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.25 by $0.03. Cemex had a return on equity of 5.18% and a net margin of 3.60%. The company had revenue of $4.59 billion during the quarter, compared to analysts' expectations of $4.47 billion. On average, sell-side analysts expect that Cemex will post 0.87 earnings per share for the current year.

Cemex Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 24th. Stockholders of record on Tuesday, September 15th were given a $0.0312 dividend. This represents a $0.12 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Tuesday, September 15th. Cemex's payout ratio is presently 27.27%.

Cemex Company Profile

Cemex, SAB. de C.V. is a global building materials company headquartered in San Pedro Garza García, Mexico. The company produces and markets cement, ready-mix concrete, aggregates and related construction materials used in residential, commercial and infrastructure projects.

Cemex also provides construction solutions and services, including materials distribution, logistics and digital tools designed to support contractors, builders and other customers. Its products serve a broad range of applications, from housing and commercial development to roads, bridges, airports and other major infrastructure.

Founded in Mexico in 1906, Cemex has expanded through organic growth and acquisitions into an international business serving customers across the Americas, Europe, Africa, the Middle East and Asia.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.