Cemex SAB de CV (CX) Given Consensus Rating of “Buy” by Analysts

Shares of Cemex SAB de CV (NYSE:CX) have received a consensus rating of “Buy” from the fifteen analysts that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $10.87.

Several research firms recently commented on CX. ValuEngine downgraded Cemex SAB de CV from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Zacks Investment Research downgraded Cemex SAB de CV from a “hold” rating to a “sell” rating in a research note on Tuesday, December 19th. Citigroup raised Cemex SAB de CV from a “neutral” rating to a “buy” rating and set a $10.00 target price for the company in a research note on Tuesday, December 19th. Santander downgraded Cemex SAB de CV from a “buy” rating to a “hold” rating in a research note on Tuesday, December 19th. Finally, JPMorgan Chase & Co. cut their target price on Cemex SAB de CV from $11.20 to $10.60 and set an “overweight” rating for the company in a research note on Monday, October 30th.

Cemex SAB de CV (NYSE:CX) opened at $7.85 on Tuesday. Cemex SAB de CV has a 52-week low of $7.09 and a 52-week high of $10.37. The stock has a market capitalization of $11,480.00, a P/E ratio of 13.77, a PEG ratio of 0.96 and a beta of 1.32. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.54 and a current ratio of 0.74.

Cemex SAB de CV (NYSE:CX) last posted its quarterly earnings data on Thursday, October 26th. The construction company reported $0.14 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by ($0.01). Cemex SAB de CV had a net margin of 8.38% and a return on equity of 8.71%. analysts expect that Cemex SAB de CV will post 0.52 earnings per share for the current fiscal year.

Several large investors have recently modified their holdings of CX. Boston Partners increased its position in shares of Cemex SAB de CV by 237.6% during the 3rd quarter. Boston Partners now owns 47,249,853 shares of the construction company’s stock worth $429,028,000 after purchasing an additional 33,254,975 shares during the last quarter. Dodge & Cox increased its position in shares of Cemex SAB de CV by 13.9% during the 2nd quarter. Dodge & Cox now owns 71,865,916 shares of the construction company’s stock worth $676,977,000 after purchasing an additional 8,781,290 shares during the last quarter. Investec Asset Management LTD acquired a new stake in shares of Cemex SAB de CV during the 2nd quarter worth about $80,758,000. Lazard Asset Management LLC increased its position in shares of Cemex SAB de CV by 4,464.4% during the 2nd quarter. Lazard Asset Management LLC now owns 6,150,276 shares of the construction company’s stock worth $57,934,000 after purchasing an additional 6,015,533 shares during the last quarter. Finally, Carmignac Gestion increased its position in shares of Cemex SAB de CV by 6.5% during the 2nd quarter. Carmignac Gestion now owns 60,765,076 shares of the construction company’s stock worth $572,407,000 after purchasing an additional 3,726,919 shares during the last quarter. 40.36% of the stock is owned by hedge funds and other institutional investors.

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Cemex SAB de CV Company Profile

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 SAB de CV (NYSE:CX)

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