Cemex S.A.B. de C.V. (NYSE:CX) Stock Has Consensus Price Target of $13.04

Key Points

• Analysts hold a “Moderate Buy” consensus on Cemex, with seven buy ratings and five holds. The average 12-month price target is $13.04, above the reported share price of $9.55.
• Cemex reported quarterly revenue of $4.59 billion and earnings of $0.24 per share, while analysts expect full-year earnings of $0.91 per share. The company also pays an annualized dividend of $0.12 per share, yielding about 1.3%.
• Insiders substantially reduced their holdings, including executive sales of 212,680 and 927,900 shares. Institutional investors own approximately 82.97% of Cemex’s stock.

Shares of Cemex S.A.B. de C.V. (NYSE:CX - Get Free Report) have earned a consensus rating of "Moderate Buy" from the twelve research firms that are covering the stock, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $13.04.

A number of brokerages have issued reports on CX. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Cemex in a research report on Friday, August 21st. Barclays lifted their target price on shares of Cemex from $15.00 to $16.00 and gave the stock an "overweight" rating in a research report on Friday, July 24th. JPMorgan Chase & Co. boosted their target price on Cemex from $14.50 to $15.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 8th. Scotiabank upped their target price on Cemex from $14.10 to $14.50 and gave the company an "outperform" rating in a report on Tuesday, July 14th. Finally, Wall Street Zen downgraded Cemex from a "buy" rating to a "hold" rating in a research report on Saturday, August 8th.

Cemex Price Performance

CX opened at $9.55 on Friday. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.92 and a quick ratio of 0.68. The company has a market capitalization of $13.84 billion, a price-to-earnings ratio of 28.10 and a beta of 1.51. The firm's fifty day moving average price is $10.53 and its two-hundred day moving average price is $11.68. Cemex has a 1 year low of $9.08 and a 1 year high of $13.67.

Cemex (NYSE:CX - Get Free Report) last announced its earnings results on Tuesday, June 30th. The construction company reported $0.24 EPS for the quarter. Cemex had a net margin of 2.83% and a return on equity of 3.82%. The company had revenue of $4.59 billion during the quarter. As a group, analysts anticipate that Cemex will post 0.91 earnings per share for the current fiscal year.

Cemex Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 24th. Shareholders of record on Tuesday, September 15th were paid a $0.0312 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date was Tuesday, September 15th. Cemex's dividend payout ratio is 35.29%.

Insider Activity

In related news, VP De La Garza Oscar Bal Elizondo sold 212,680 shares of the 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 completion of the transaction, the vice president owned 289,490 shares in the company, valued at approximately $3,091,753.20. This represents a 42.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Mauricio Doehner sold 927,900 shares of the firm's stock in a transaction dated Wednesday, September 30th. The stock was sold at an average price of $9.57, for a total transaction of $8,880,003.00. Following the sale, the executive vice president owned 584,930 shares of the company's stock, valued at $5,597,780.10. This trade represents a 61.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 1.00% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Sei Investments Co. raised its stake in shares of Cemex by 7.4% in the first quarter. Sei Investments Co. now owns 4,150,537 shares of the construction company's stock valued at $47,482,000 after buying an additional 287,350 shares during the period. Militia Capital Management LLC bought a new position in shares of Cemex during the 1st quarter worth $1,086,000. Black Creek Investment Management Inc. grew its stake in shares of Cemex by 933.8% during the 4th quarter. Black Creek Investment Management Inc. now owns 2,798,783 shares of the construction company's stock worth $32,158,000 after acquiring an additional 2,528,043 shares during the period. ABC Arbitrage SA purchased a new stake in Cemex in the 1st quarter worth about $13,425,000. Finally, PEAK6 LLC increased its holdings in Cemex by 54.9% in the 4th quarter. PEAK6 LLC now owns 954,281 shares of the construction company's stock worth $10,965,000 after acquiring an additional 338,413 shares during the last quarter. 82.97% of the stock is currently owned by hedge funds and other institutional investors.

Cemex Company Profile

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

CEMEX also provides construction solutions and services, including concrete products, paving materials, building systems and digital tools designed to support construction professionals and customers. Its operations and commercial activities serve markets across Mexico, the United States, Europe, South and Central America, the Caribbean, Africa and the Middle East.

The company traces its origins to 1906, when Cementos Hidalgo began operations in Mexico.

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