Cemex S.A.B. de C.V. (NYSE:CX) Receives $12.77 Consensus Target Price from Analysts

Cemex S.A.B. de C.V. (NYSE:CX) has earned a consensus recommendation of “Moderate Buy” from the twelve ratings firms that are currently covering the stock, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $12.7722.

CX has been the subject of several research reports. Scotiabank increased their price objective on shares of Cemex from $13.90 to $14.10 and gave the stock an “outperform” rating in a research report on Friday, April 10th. Zacks Research downgraded shares of Cemex from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 9th. Morgan Stanley raised shares of Cemex from an “equal weight” rating to an “overweight” rating and set a $14.00 target price for the company in a research report on Monday, March 23rd. Barclays reaffirmed an “overweight” rating on shares of Cemex in a research report on Thursday, March 12th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $12.75 target price on shares of Cemex in a research report on Friday, April 24th.

Cemex Stock Up 3.3%

Shares of CX stock opened at $12.67 on Thursday. The firm has a fifty day moving average of $11.75 and a 200-day moving average of $11.67. The company has a quick ratio of 0.63, a current ratio of 0.87 and a debt-to-equity ratio of 0.35. Cemex has a 12-month low of $6.63 and a 12-month high of $13.67. The company has a market capitalization of $18.35 billion, a price-to-earnings ratio of 39.59 and a beta of 1.51.

Cemex (NYSE:CX) last issued its quarterly earnings data on Tuesday, March 31st. The construction company reported $0.16 earnings per share (EPS) for the quarter. Cemex had a net margin of 2.74% and a return on equity of 3.64%. As a group, equities research analysts predict that Cemex will post 0.91 earnings per share for the current fiscal year.

Cemex Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 19th. Investors of record on Wednesday, March 11th were given a $0.0225 dividend. This represents a $0.09 dividend on an annualized basis and a yield of 0.7%. This is an increase from Cemex’s previous quarterly dividend of $0.02. The ex-dividend date of this dividend was Wednesday, March 11th. Cemex’s payout ratio is 28.13%.

Insiders Place Their Bets

In related news, insider Herrera Jesus Vicente Gonzalez sold 35,000 shares of the firm’s stock in a transaction on Tuesday, April 28th. The shares were sold at an average price of $12.16, for a total value of $425,600.00. Following the completion of the transaction, 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 document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. NFSG Corp lifted its stake in Cemex by 123.5% in the first quarter. NFSG Corp now owns 2,858 shares of the construction company’s stock valued at $33,000 after acquiring an additional 1,579 shares during the last quarter. Kestra Advisory Services LLC acquired a new stake in Cemex in the fourth quarter valued at $34,000. Ameriflex Group Inc. lifted its stake in Cemex by 100.0% in the third quarter. Ameriflex Group Inc. now owns 3,488 shares of the construction company’s stock valued at $31,000 after acquiring an additional 1,744 shares during the last quarter. WealthCollab LLC lifted its stake in Cemex by 73.7% in the second quarter. WealthCollab LLC now owns 3,724 shares of the construction company’s stock valued at $26,000 after acquiring an additional 1,580 shares during the last quarter. Finally, Reyes Financial Architecture Inc. acquired a new stake in Cemex in the third quarter valued at $36,000. 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.