Royal Bank of Canada Boosts CEMEX (NYSE:CX) Price Target to $5.25

CEMEX (NYSE:CX - Get Free Report) had its price target raised by research analysts at Royal Bank of Canada from $5.00 to $5.25 in a note issued to investors on Tuesday,Benzinga reports. The firm currently has an "underperform" rating on the construction company's stock. Royal Bank of Canada's price objective would suggest a potential downside of 13.18% from the company's current price.

CX has been the topic of a number of other research reports. JPMorgan Chase & Co. lifted their price objective on CEMEX from $6.00 to $6.80 and gave the company a "neutral" rating in a report on Tuesday. Morgan Stanley cut shares of CEMEX from an "overweight" rating to an "equal weight" rating in a research report on Wednesday, March 26th. StockNews.com cut CEMEX from a "buy" rating to a "hold" rating in a report on Friday. Bradesco Corretora set a $7.50 target price on CEMEX and gave the company a "neutral" rating in a research report on Tuesday, April 15th. Finally, The Goldman Sachs Group upped their price target on CEMEX from $8.00 to $9.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $7.58.

CEMEX Trading Down 2.3 %

NYSE CX traded down $0.14 on Tuesday, reaching $6.05. The company had a trading volume of 7,501,178 shares, compared to its average volume of 10,782,187. The stock has a market cap of $8.76 billion, a price-to-earnings ratio of 9.61 and a beta of 1.28. The stock's 50 day moving average is $5.81 and its 200-day moving average is $5.78. The company has a quick ratio of 0.58, a current ratio of 0.82 and a debt-to-equity ratio of 0.43. CEMEX has a 52 week low of $4.89 and a 52 week high of $8.31.

CEMEX (NYSE:CX - Get Free Report) last announced its quarterly earnings results on Monday, April 28th. The construction company reported $0.08 earnings per share for the quarter. CEMEX had a net margin of 5.70% and a return on equity of 7.78%. The company had revenue of $186.46 million for the quarter, compared to analysts' expectations of $214.59 million. Equities analysts predict that CEMEX will post 0.69 earnings per share for the current year.

Institutional Trading of CEMEX

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Dodge & Cox grew its position in shares of CEMEX by 7,200.6% in the fourth quarter. Dodge & Cox now owns 49,622,009 shares of the construction company's stock valued at $279,868,000 after purchasing an additional 48,942,309 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in CEMEX by 30.6% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 40,745,819 shares of the construction company's stock valued at $229,806,000 after purchasing an additional 9,541,622 shares during the period. Lazard Asset Management LLC grew its holdings in CEMEX by 3.2% in the 4th quarter. Lazard Asset Management LLC now owns 36,836,513 shares of the construction company's stock valued at $207,757,000 after buying an additional 1,127,293 shares in the last quarter. Schroder Investment Management Group increased its position in CEMEX by 745.6% during the 4th quarter. Schroder Investment Management Group now owns 26,739,107 shares of the construction company's stock worth $150,809,000 after buying an additional 23,576,914 shares during the period. Finally, Brandes Investment Partners LP lifted its holdings in shares of CEMEX by 33.7% during the fourth quarter. Brandes Investment Partners LP now owns 24,233,835 shares of the construction company's stock worth $136,679,000 after buying an additional 6,110,857 shares in the last quarter. Institutional investors own 82.97% of the company's stock.

About CEMEX

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.

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