Cemex SAB de CV (NYSE:CX) has received a consensus rating of “Hold” from the twelve brokerages that are covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $9.29.

CX has been the topic of several analyst reports. BNP Paribas raised shares of Cemex SAB de CV from a “neutral” rating to an “outperform” rating in a report on Monday, May 21st. HSBC lowered shares of Cemex SAB de CV from a “buy” rating to a “hold” rating and set a $8.00 target price on the stock. in a report on Thursday, August 16th. Zacks Investment Research lowered shares of Cemex SAB de CV from a “hold” rating to a “sell” rating in a report on Friday, May 4th. Longbow Research lowered shares of Cemex SAB de CV from a “buy” rating to a “neutral” rating and set a $12.00 target price on the stock. in a report on Friday, April 27th. Finally, ValuEngine lowered shares of Cemex SAB de CV from a “sell” rating to a “strong sell” rating in a report on Wednesday, May 2nd.

Several institutional investors and hedge funds have recently bought and sold shares of the company. First Interstate Bank grew its holdings in Cemex SAB de CV by 96.4% during the 2nd quarter. First Interstate Bank now owns 16,300 shares of the construction company’s stock worth $107,000 after acquiring an additional 8,000 shares during the last quarter. Candriam Luxembourg S.C.A. bought a new stake in Cemex SAB de CV during the 1st quarter worth about $129,000. Harel Insurance Investments & Financial Services Ltd. grew its holdings in Cemex SAB de CV by 566.7% during the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 20,000 shares of the construction company’s stock worth $131,000 after acquiring an additional 17,000 shares during the last quarter. Stratos Wealth Partners LTD. grew its holdings in Cemex SAB de CV by 136.7% during the 1st quarter. Stratos Wealth Partners LTD. now owns 22,330 shares of the construction company’s stock worth $148,000 after acquiring an additional 12,897 shares during the last quarter. Finally, 180 Wealth Advisors LLC grew its holdings in Cemex SAB de CV by 80.7% during the 2nd quarter. 180 Wealth Advisors LLC now owns 26,527 shares of the construction company’s stock worth $174,000 after acquiring an additional 11,848 shares during the last quarter. 32.48% of the stock is currently owned by institutional investors and hedge funds.

Shares of CX stock remained flat at $$6.99 during mid-day trading on Wednesday. 3,100,774 shares of the stock were exchanged, compared to its average volume of 6,842,467. Cemex SAB de CV has a 52 week low of $5.72 and a 52 week high of $9.54. The firm has a market cap of $10.40 billion, a PE ratio of 17.05, a price-to-earnings-growth ratio of 0.76 and a beta of 1.37. The company has a current ratio of 0.73, a quick ratio of 0.52 and a debt-to-equity ratio of 0.90.

Cemex SAB de CV (NYSE:CX) last announced its quarterly earnings data on Thursday, July 26th. The construction company reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.09. Cemex SAB de CV had a net margin of 4.23% and a return on equity of 5.47%. The company had revenue of $3.80 billion during the quarter. research analysts forecast that Cemex SAB de CV will post 0.56 EPS for the current year.

About Cemex SAB de CV

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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