Shares of Cemex S.A.B. de C.V. (NYSE:CX) have been given an average recommendation of “Buy” by the sixteen research firms that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation, eight have issued a buy recommendation and four have assigned a strong buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $10.77.

A number of analysts recently commented on CX shares. Longbow Research raised Cemex S.A.B. de C.V. from a “neutral” rating to a “buy” rating and set a $12.00 price target for the company in a research note on Friday, March 31st. Bank of America Corporation raised Cemex S.A.B. de C.V. from a “neutral” rating to a “buy” rating and raised their price target for the stock from $10.10 to $10.60 in a research note on Tuesday, June 20th. BidaskClub raised Cemex S.A.B. de C.V. from a “hold” rating to a “buy” rating in a research note on Thursday, June 15th. UBS AG raised Cemex S.A.B. de C.V. from a “market perform” rating to an “outperform” rating in a research note on Thursday, May 4th. Finally, Morgan Stanley raised Cemex S.A.B. de C.V. from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $8.50 to $11.00 in a research report on Tuesday, April 4th.

Several institutional investors have recently bought and sold shares of CX. Dodge & Cox bought a new position in Cemex S.A.B. de C.V. during the fourth quarter valued at about $387,416,000. Banco Santander S.A. raised its position in Cemex S.A.B. de C.V. by 13.6% in the first quarter. Banco Santander S.A. now owns 8,330,463 shares of the construction company’s stock valued at $66,106,000 after buying an additional 1,000,000 shares in the last quarter. UBS Asset Management Americas Inc. raised its position in Cemex S.A.B. de C.V. by 138.6% in the fourth quarter. UBS Asset Management Americas Inc. now owns 1,510,750 shares of the construction company’s stock valued at $12,131,000 after buying an additional 877,502 shares in the last quarter. Comerica Bank raised its position in Cemex S.A.B. de C.V. by 3.7% in the fourth quarter. Comerica Bank now owns 99,725 shares of the construction company’s stock valued at $795,000 after buying an additional 3,528 shares in the last quarter. Finally, Renaissance Technologies LLC bought a new position in Cemex S.A.B. de C.V. during the first quarter valued at about $60,059,000. 38.83% of the stock is owned by hedge funds and other institutional investors.

COPYRIGHT VIOLATION WARNING: This report was originally published by American Banking News and is the property of of American Banking News. If you are viewing this report on another site, it was copied illegally and reposted in violation of United States and international trademark & copyright law. The original version of this report can be viewed at https://www.americanbankingnews.com/2017/07/20/cemex-s-a-b-de-c-v-cx-receives-consensus-recommendation-of-buy-from-brokerages.html.

Cemex S.A.B. de C.V. (CX) traded up 1.42% on Monday, hitting $9.98. 8,898,013 shares of the company were exchanged. Cemex S.A.B. de C.V. has a 52 week low of $6.51 and a 52 week high of $10.37. The stock has a 50 day moving average of $9.36 and a 200 day moving average of $8.73. The company has a market capitalization of $145.73 billion, a price-to-earnings ratio of 136.71 and a beta of 1.34.

Cemex S.A.B. de C.V. (NYSE:CX) last announced its quarterly earnings results on Thursday, April 27th. The construction company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.09. Cemex S.A.B. de C.V. had a return on equity of 8.54% and a net margin of 7.66%. The company had revenue of $3.14 billion during the quarter. Analysts predict that Cemex S.A.B. de C.V. will post $0.55 EPS for the current fiscal year.

About Cemex S.A.B. de C.V.

CEMEX, SAB. de C.V. (CEMEX) is an operating and holding company engaged, directly or indirectly, through its operating subsidiaries, primarily in the production, distribution, marketing and sale of cement, ready-mix concrete, aggregates, clinker and other construction materials throughout the world, and that provides construction-related services to customers and communities in over 50 countries throughout the world.

Analyst Recommendations for Cemex S.A.B. de C.V. (NYSE:CX)

Receive News & Ratings for Cemex S.A.B. de C.V. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cemex S.A.B. de C.V. and related companies with MarketBeat.com's FREE daily email newsletter.