CEMEX (NYSE:CX) Given New $5.25 Price Target at Royal Bank of Canada

CEMEX (NYSE:CX - Free Report) had its target price lifted by Royal Bank of Canada from $5.00 to $5.25 in a research note published on Tuesday morning,Benzinga reports. Royal Bank of Canada currently has an underperform rating on the construction company's stock.

Several other analysts also recently commented on the company. The Goldman Sachs Group raised their price objective on CEMEX from $8.00 to $9.00 and gave the stock a "buy" rating in a research note on Thursday, February 27th. Bradesco Corretora set a $7.50 price objective on CEMEX and gave the company a "neutral" rating in a report on Tuesday, April 15th. Morgan Stanley lowered CEMEX from an "overweight" rating to an "equal weight" rating in a research report on Wednesday, March 26th. JPMorgan Chase & Co. raised their target price on shares of CEMEX from $6.00 to $6.80 and gave the stock a "neutral" rating in a report on Tuesday, April 29th. Finally, StockNews.com cut shares of CEMEX from a "buy" rating to a "hold" rating in a report on Friday, April 25th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, CEMEX presently has a consensus rating of "Hold" and a consensus price target of $7.58.

CEMEX Trading Up 0.9 %

Shares of NYSE CX traded up $0.06 during mid-day trading on Tuesday, hitting $6.16. The company's stock had a trading volume of 6,399,995 shares, compared to its average volume of 10,896,584. CEMEX has a one year low of $4.89 and a one year high of $8.11. The company's fifty day simple moving average is $5.78 and its 200-day simple moving average is $5.78. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.82 and a quick ratio of 0.58. The stock has a market cap of $8.92 billion, a price-to-earnings ratio of 9.77 and a beta of 1.41.

CEMEX (NYSE:CX - Get Free Report) last released its earnings results on Monday, April 28th. The construction company reported $0.08 EPS for the quarter. The firm had revenue of $186.46 million during the quarter, compared to analyst estimates of $214.59 million. CEMEX had a net margin of 5.70% and a return on equity of 7.78%. On average, sell-side analysts anticipate that CEMEX will post 0.69 earnings per share for the current fiscal year.

CEMEX Announces Dividend

The business also recently declared a dividend, which was paid on Tuesday, March 18th. Investors of record on Monday, March 10th were issued a dividend of $0.0207 per share. The ex-dividend date was Monday, March 10th. CEMEX's dividend payout ratio (DPR) is presently 8.33%.

Hedge Funds Weigh In On CEMEX

Several large investors have recently bought and sold shares of the company. Signaturefd LLC lifted its holdings in shares of CEMEX by 21.2% during the first quarter. Signaturefd LLC now owns 42,625 shares of the construction company's stock worth $239,000 after purchasing an additional 7,466 shares during the period. Genus Capital Management Inc. raised its position in CEMEX by 200.0% during the 1st quarter. Genus Capital Management Inc. now owns 21,412 shares of the construction company's stock worth $120,000 after purchasing an additional 42,824 shares during the last quarter. Allworth Financial LP lifted its holdings in CEMEX by 7.4% during the 1st quarter. Allworth Financial LP now owns 27,651 shares of the construction company's stock worth $157,000 after buying an additional 1,906 shares during the period. Envestnet Asset Management Inc. grew its position in shares of CEMEX by 7.8% in the 1st quarter. Envestnet Asset Management Inc. now owns 772,764 shares of the construction company's stock valued at $4,335,000 after buying an additional 55,964 shares during the last quarter. Finally, Wayfinding Financial LLC acquired a new stake in shares of CEMEX in the first quarter valued at about $29,000. 82.97% of the stock is currently owned by institutional investors.

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.