Cemex S.A.B. de C.V. (NYSE:CX) Given Consensus Rating of “Hold” by Analysts

Shares of Cemex S.A.B. de C.V. (NYSE:CX) have received a consensus rating of “Hold” from the eleven ratings firms that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $10.1438.

A number of analysts recently commented on CX shares. Bank of America upgraded shares of Cemex from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $10.00 to $10.80 in a research note on Wednesday, October 15th. Royal Bank Of Canada raised their price target on shares of Cemex from $7.00 to $8.25 and gave the stock an “underperform” rating in a report on Wednesday, October 29th. Citigroup lowered shares of Cemex from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $9.00 to $10.00 in a report on Monday, October 13th. Wall Street Zen raised Cemex from a “hold” rating to a “buy” rating in a research report on Tuesday, November 4th. Finally, The Goldman Sachs Group lifted their price target on Cemex from $10.00 to $11.00 and gave the stock a “buy” rating in a research report on Friday, October 17th.

Hedge Funds Weigh In On Cemex

Institutional investors have recently bought and sold shares of the business. Sequoia Financial Advisors LLC lifted its stake in Cemex by 7.2% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 15,889 shares of the construction company’s stock valued at $143,000 after acquiring an additional 1,070 shares during the period. Ameriprise Financial Inc. raised its holdings in shares of Cemex by 0.4% during the third quarter. Ameriprise Financial Inc. now owns 319,835 shares of the construction company’s stock worth $2,875,000 after purchasing an additional 1,221 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its holdings in shares of Cemex by 5.5% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 24,201 shares of the construction company’s stock worth $218,000 after purchasing an additional 1,268 shares during the last quarter. Mercer Global Advisors Inc. ADV lifted its position in Cemex by 3.3% during the third quarter. Mercer Global Advisors Inc. ADV now owns 43,093 shares of the construction company’s stock valued at $387,000 after purchasing an additional 1,389 shares during the period. Finally, WealthCollab LLC boosted its holdings in Cemex by 73.7% in the second quarter. WealthCollab LLC now owns 3,724 shares of the construction company’s stock valued at $26,000 after purchasing an additional 1,580 shares during the last quarter. 82.97% of the stock is owned by hedge funds and other institutional investors.

Cemex Stock Performance

Shares of CX opened at $11.55 on Monday. The company has a current ratio of 0.91, a quick ratio of 0.67 and a debt-to-equity ratio of 0.37. The firm has a market cap of $16.74 billion, a PE ratio of 12.42, a P/E/G ratio of 1.23 and a beta of 1.61. Cemex has a 12 month low of $4.89 and a 12 month high of $11.57. The stock has a fifty day moving average price of $10.11 and a 200-day moving average price of $8.82.

Cemex (NYSE:CX) last announced its earnings results on Tuesday, October 28th. The construction company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.15. Cemex had a return on equity of 6.85% and a net margin of 8.62%.The firm had revenue of $4.25 billion for the quarter, compared to the consensus estimate of $226.73 million. Equities research analysts predict that Cemex will post 0.69 earnings per share for the current fiscal year.

Cemex Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 23rd. Investors of record on Monday, December 15th will be issued a dividend of $0.0224 per share. The ex-dividend date of this dividend is Monday, December 15th. This represents a $0.09 dividend on an annualized basis and a dividend yield of 0.8%. Cemex’s payout ratio is 9.68%.

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.