Cemex SAB de CV (NYSE:CX) has received an average recommendation of “Hold” from the eleven research firms that are presently covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $2.69.

CX has been the subject of a number of research reports. Loop Capital lowered shares of Cemex SAB de CV from a “hold” rating to a “sell” rating and set a $1.75 target price for the company. in a research report on Friday, April 17th. Zacks Investment Research upgraded shares of Cemex SAB de CV from a “sell” rating to a “hold” rating in a research report on Friday, May 1st. Credit Suisse Group lowered shares of Cemex SAB de CV from an “outperform” rating to a “neutral” rating in a research report on Monday, April 6th. ValuEngine upgraded shares of Cemex SAB de CV from a “sell” rating to a “hold” rating in a research report on Tuesday, March 24th. Finally, HSBC lowered shares of Cemex SAB de CV from a “hold” rating to a “reduce” rating in a research report on Wednesday, April 8th.

Institutional investors have recently modified their holdings of the business. FMR LLC boosted its holdings in shares of Cemex SAB de CV by 27.9% during the 1st quarter. FMR LLC now owns 1,151,305 shares of the construction company’s stock valued at $5,342,000 after buying an additional 251,428 shares in the last quarter. First Trust Advisors LP purchased a new position in Cemex SAB de CV in the 4th quarter worth about $65,000. PNC Financial Services Group Inc. increased its position in shares of Cemex SAB de CV by 57.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 8,503 shares of the construction company’s stock valued at $31,000 after purchasing an additional 3,115 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Cemex SAB de CV by 15.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,167,137 shares of the construction company’s stock valued at $11,972,000 after purchasing an additional 414,489 shares during the last quarter. Finally, Bank of Montreal Can increased its position in shares of Cemex SAB de CV by 3.3% during the 4th quarter. Bank of Montreal Can now owns 726,096 shares of the construction company’s stock valued at $2,745,000 after purchasing an additional 23,531 shares during the last quarter. 33.74% of the stock is currently owned by institutional investors and hedge funds.

NYSE CX traded down $0.01 during trading hours on Friday, reaching $2.83. 90,151 shares of the company were exchanged, compared to its average volume of 10,343,600. Cemex SAB de CV has a 1 year low of $1.55 and a 1 year high of $4.37. The business’s 50 day simple moving average is $2.53 and its 200-day simple moving average is $2.98. The company has a quick ratio of 0.83, a current ratio of 1.04 and a debt-to-equity ratio of 1.00. The stock has a market capitalization of $4.13 billion, a P/E ratio of 28.40 and a beta of 1.42.

Cemex SAB de CV (NYSE:CX) last posted its quarterly earnings data on Thursday, April 30th. The construction company reported $0.01 earnings per share (EPS) for the quarter. Cemex SAB de CV had a net margin of 1.09% and a return on equity of 1.10%. The business had revenue of $3.09 billion during the quarter.

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.

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

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