Cemex S.A.B. de C.V. (NYSE:CX) Receives $11.04 Average Price Target from Brokerages

Shares of Cemex S.A.B. de C.V. (NYSE:CX) have been assigned a consensus rating of “Hold” from the thirteen research firms that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $11.0389.

Several research analysts have recently weighed in on the stock. Wall Street Zen upgraded shares of Cemex from a “hold” rating to a “buy” rating in a research note on Tuesday, November 4th. Zacks Research cut Cemex from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 9th. Barclays reaffirmed an “overweight” rating and issued a $15.00 price objective on shares of Cemex in a research note on Tuesday, January 27th. Scotiabank boosted their price objective on Cemex from $11.10 to $13.50 and gave the company a “sector perform” rating in a research note on Thursday, February 5th. Finally, HSBC cut shares of Cemex from a “buy” rating to a “hold” rating and set a $12.80 target price on the stock. in a research note on Friday, February 6th.

Cemex Stock Down 2.7%

CX stock opened at $12.18 on Friday. The company has a market cap of $17.64 billion, a price-to-earnings ratio of 18.45, a P/E/G ratio of 0.84 and a beta of 1.60. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.62 and a current ratio of 0.83. The business’s 50-day moving average is $12.38 and its two-hundred day moving average is $10.72. Cemex has a fifty-two week low of $4.89 and a fifty-two week high of $13.35.

Cemex (NYSE:CX) last released its quarterly earnings results on Thursday, February 5th. The construction company reported ($0.19) EPS for the quarter, missing the consensus estimate of $0.19 by ($0.38). The business had revenue of $4.18 billion for the quarter, compared to analysts’ expectations of $4.01 billion. Cemex had a net margin of 5.93% and a return on equity of 2.85%. As a group, analysts forecast that Cemex will post 0.69 earnings per share for the current year.

Cemex Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 19th. Stockholders of record on Wednesday, March 11th will be given a dividend of $0.0225 per share. This represents a $0.09 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Wednesday, March 11th. This is a positive change from Cemex’s previous quarterly dividend of $0.02. Cemex’s payout ratio is 13.64%.

Institutional Investors Weigh In On Cemex

Institutional investors have recently bought and sold shares of the business. Sequoia Financial Advisors LLC lifted its position in shares of Cemex by 5.7% in the fourth quarter. Sequoia Financial Advisors LLC now owns 16,802 shares of the construction company’s stock valued at $193,000 after acquiring an additional 913 shares in the last quarter. Ameriprise Financial Inc. raised its stake in Cemex by 0.4% during the 3rd quarter. Ameriprise Financial Inc. now owns 319,835 shares of the construction company’s stock valued at $2,875,000 after purchasing an additional 1,221 shares during the period. Vanguard Personalized Indexing Management LLC lifted its holdings in Cemex by 5.5% in the 3rd 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 in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Cemex by 4.7% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 28,609 shares of the construction company’s stock worth $329,000 after purchasing an additional 1,288 shares in the last quarter. Finally, Ieq Capital LLC boosted its stake in Cemex by 7.6% in the 4th quarter. Ieq Capital LLC now owns 19,598 shares of the construction company’s stock worth $225,000 after purchasing an additional 1,380 shares during the period. Hedge funds and other institutional investors own 82.97% of the company’s stock.

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.