Cemex S.A.B. de C.V. (NYSE:CX) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Cemex S.A.B. de C.V. (NYSE:CX) have been assigned a consensus rating of “Moderate Buy” from the eleven analysts that are presently covering the stock, Marketbeat reports. Five research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $12.7722.

CX has been the subject of a number of analyst reports. Morgan Stanley raised Cemex from an “equal weight” rating to an “overweight” rating and set a $14.00 price target for the company in a report on Monday, March 23rd. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $12.75 price target on shares of Cemex in a report on Friday, April 24th. Scotiabank raised their price target on Cemex from $13.90 to $14.10 and gave the stock an “outperform” rating in a report on Friday, April 10th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Cemex in a report on Tuesday, May 26th. Finally, Wall Street Zen raised Cemex from a “hold” rating to a “buy” rating in a report on Saturday, May 23rd.

Insider Transactions at Cemex

In related news, insider Herrera Jesus Vicente Gonzalez sold 35,000 shares of Cemex stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of $12.16, for a total transaction of $425,600.00. Following the completion of the sale, the insider owned 846,010 shares of the company’s stock, valued at approximately $10,287,481.60. This trade represents a 3.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On Cemex

Several hedge funds have recently added to or reduced their stakes in the company. Parallel Advisors LLC lifted its stake in Cemex by 15.7% during the first quarter. Parallel Advisors LLC now owns 20,119 shares of the construction company’s stock worth $230,000 after purchasing an additional 2,729 shares during the last quarter. Bank of America Corp DE lifted its stake in Cemex by 31.8% during the first quarter. Bank of America Corp DE now owns 1,916,167 shares of the construction company’s stock worth $21,921,000 after purchasing an additional 462,848 shares during the last quarter. Amundi lifted its stake in Cemex by 9.3% during the first quarter. Amundi now owns 3,115,879 shares of the construction company’s stock worth $35,646,000 after purchasing an additional 264,248 shares during the last quarter. Quantinno Capital Management LP lifted its stake in Cemex by 5.1% during the first quarter. Quantinno Capital Management LP now owns 143,677 shares of the construction company’s stock worth $1,644,000 after purchasing an additional 6,911 shares during the last quarter. Finally, Lazard Asset Management LLC lifted its stake in Cemex by 14.4% during the first quarter. Lazard Asset Management LLC now owns 4,046,527 shares of the construction company’s stock worth $46,292,000 after purchasing an additional 508,016 shares during the last quarter. Institutional investors own 82.97% of the company’s stock.

Cemex Stock Performance

Shares of CX opened at $12.48 on Monday. The company has a current ratio of 0.87, a quick ratio of 0.63 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $18.09 billion, a price-to-earnings ratio of 39.01 and a beta of 1.51. The stock has a 50 day moving average of $12.31 and a 200 day moving average of $11.90. Cemex has a 12 month low of $6.63 and a 12 month high of $13.67.

Cemex (NYSE:CX) last released its earnings results on Tuesday, March 31st. The construction company reported $0.16 earnings per share (EPS) for the quarter. Cemex had a return on equity of 3.64% and a net margin of 2.74%. As a group, sell-side analysts forecast that Cemex will post 0.91 earnings per share for the current year.

About Cemex

Cemex (NYSE: CX) is a global building materials company headquartered in Monterrey, Mexico. The company produces, distributes and sells cement, ready-mix concrete and aggregates, as well as related building materials, to construction markets in more than 50 countries. Cemex’s product portfolio also includes asphalt and mortar mixes, waste-derived fuels and other complementary construction solutions, supported by a network of production facilities, distribution centers and logistics operations.

Founded in 1906 as Cementos Hidalgo, the company adopted the Cemex name in 1976 following a series of domestic mergers and expansions.