CEMEX, S.A.B. de C.V. (NYSE:CX) Given Consensus Recommendation of “Hold” by Brokerages

Shares of CEMEX, S.A.B. de C.V. (NYSE:CX) have been assigned an average recommendation of “Hold” from the eight analysts that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $7.63.

Several equities analysts have recently commented on the stock. Bradesco Corretora set a $7.50 price objective on shares of CEMEX and gave the stock a “neutral” rating in a report on Tuesday. Morgan Stanley lowered CEMEX from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, March 26th. Royal Bank of Canada lowered their price target on CEMEX from $6.00 to $5.00 and set an “underperform” rating for the company in a research report on Monday. StockNews.com upgraded CEMEX from a “hold” rating to a “buy” rating in a report on Wednesday. Finally, The Goldman Sachs Group raised their target price on CEMEX from $8.00 to $9.00 and gave the company a “buy” rating in a report on Thursday, February 27th.

CEMEX Stock Performance

Shares of CEMEX stock opened at $5.25 on Wednesday. The firm has a market cap of $7.60 billion, a PE ratio of 8.33 and a beta of 1.28. The company has a quick ratio of 0.58, a current ratio of 0.82 and a debt-to-equity ratio of 0.43. CEMEX has a 52 week low of $4.89 and a 52 week high of $8.60. The business’s fifty day simple moving average is $6.00 and its 200-day simple moving average is $5.81.

CEMEX (NYSE:CX) last posted its earnings results on Thursday, February 13th. The construction company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.06. CEMEX had a net margin of 5.70% and a return on equity of 7.78%. Equities analysts forecast that CEMEX will post 0.69 earnings per share for the current year.

CEMEX Announces Dividend

The business also recently announced a dividend, which was paid on Tuesday, March 18th. Investors of record on Monday, March 10th were issued a $0.0207 dividend. The ex-dividend date of this dividend was Monday, March 10th. CEMEX’s dividend payout ratio (DPR) is presently 12.70%.

Institutional Investors Weigh In On CEMEX

Hedge funds have recently bought and sold shares of the stock. Dodge & Cox lifted its stake in CEMEX by 7,200.6% in the fourth quarter. Dodge & Cox now owns 49,622,009 shares of the construction company’s stock worth $279,868,000 after acquiring an additional 48,942,309 shares during the last quarter. Schroder Investment Management Group grew its stake in shares of CEMEX by 745.6% during the fourth quarter. Schroder Investment Management Group now owns 26,739,107 shares of the construction company’s stock worth $150,809,000 after purchasing an additional 23,576,914 shares in the last quarter. ANTIPODES PARTNERS Ltd purchased a new position in CEMEX in the fourth quarter valued at $86,056,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in CEMEX by 30.6% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 40,745,819 shares of the construction company’s stock valued at $229,806,000 after buying an additional 9,541,622 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in CEMEX by 123.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 14,441,466 shares of the construction company’s stock worth $88,093,000 after buying an additional 7,986,204 shares during the last quarter. Institutional investors and hedge funds own 82.97% of the company’s stock.

About CEMEX

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.