Cemex SAB de CV (NYSE:CX) was downgraded by stock analysts at UBS Group from a “buy” rating to a “neutral” rating in a research note issued to investors on Wednesday, The Fly reports.

Several other equities research analysts have also issued reports on the company. JPMorgan Chase & Co. set a $9.00 price target on Cemex SAB de CV and gave the stock a “buy” rating in a research note on Monday, September 24th. Citigroup set a $10.00 price target on Cemex SAB de CV and gave the stock a “buy” rating in a research note on Tuesday, September 4th. Barclays dropped their price target on Cemex SAB de CV from $10.00 to $8.00 and set a “buy” rating for the company in a research note on Friday, October 26th. Zacks Investment Research raised Cemex SAB de CV from a “sell” rating to a “hold” rating in a research note on Monday, October 15th. Finally, HSBC lowered Cemex SAB de CV from a “buy” rating to a “hold” rating and set a $8.00 target price for the company. in a research note on Thursday, August 16th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $8.86.

Cemex SAB de CV stock opened at $4.97 on Wednesday. Cemex SAB de CV has a 52 week low of $4.79 and a 52 week high of $8.51. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.81 and a quick ratio of 0.57. The stock has a market cap of $7.35 billion, a P/E ratio of 12.12, a price-to-earnings-growth ratio of 0.54 and a beta of 1.72.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CX. BlackRock Inc. raised its position in Cemex SAB de CV by 67.0% during the 2nd quarter. BlackRock Inc. now owns 22,620,760 shares of the construction company’s stock valued at $148,391,000 after purchasing an additional 9,078,815 shares during the last quarter. Brandes Investment Partners LP raised its position in Cemex SAB de CV by 9.8% during the 2nd quarter. Brandes Investment Partners LP now owns 53,750,845 shares of the construction company’s stock valued at $353,342,000 after purchasing an additional 4,805,568 shares during the last quarter. Hsbc Holdings PLC raised its position in Cemex SAB de CV by 474.0% during the 3rd quarter. Hsbc Holdings PLC now owns 4,957,386 shares of the construction company’s stock valued at $34,899,000 after purchasing an additional 4,093,729 shares during the last quarter. Global Thematic Partners LLC raised its position in Cemex SAB de CV by 17.9% during the 3rd quarter. Global Thematic Partners LLC now owns 12,614,126 shares of the construction company’s stock valued at $88,804,000 after purchasing an additional 1,916,542 shares during the last quarter. Finally, Investec Asset Management PTY Ltd bought a new position in Cemex SAB de CV during the 2nd quarter valued at approximately $10,164,000. 33.54% of the stock is owned by institutional investors and hedge funds.

Cemex SAB de CV Company Profile

CEMEX, SAB. de C.V., together with its subsidiaries, produces, markets, distributes, and sells cement, ready-mix concrete, aggregates, clinker, and other construction materials. The company also offers various complementary construction products, including asphalt products; concrete blocks and roof tiles; architectural products; concrete pipes for storm and sanitary sewers applications; and other precast products comprising rail products, concrete floors, box culverts, bridges, drainage basins, barriers, and parking curbs.

See Also: Swap

The Fly

Analyst Recommendations for Cemex SAB de CV (NYSE:CX)

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