CEMEX (NYSE:CX) Hits New 12-Month Low – Should You Sell?

CEMEX, S.A.B. de C.V. (NYSE:CX) shares hit a new 52-week low during trading on Thursday . The company traded as low as $4.89 and last traded at $5.35, with a volume of 25831594 shares changing hands. The stock had previously closed at $5.08.

Analyst Upgrades and Downgrades

CX has been the subject of a number of research analyst reports. The Goldman Sachs Group increased their price target on CEMEX from $8.00 to $9.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. StockNews.com downgraded CEMEX from a “buy” rating to a “hold” rating in a research report on Tuesday. Morgan Stanley downgraded CEMEX from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, March 26th. Finally, Royal Bank of Canada increased their price target on CEMEX from $5.00 to $6.00 and gave the company an “underperform” rating in a research report on Monday, February 10th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, CEMEX presently has a consensus rating of “Hold” and an average price target of $7.82.

CEMEX Stock Performance

The stock has a market capitalization of $7.75 billion, a P/E ratio of 8.49 and a beta of 1.28. The company has a 50 day simple moving average of $6.09 and a 200-day simple moving average of $5.84. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.82 and a quick ratio of 0.58.

CEMEX (NYSE:CX) last released its quarterly earnings data on Thursday, February 13th. The construction company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.06. CEMEX had a return on equity of 7.78% and a net margin of 5.70%. On average, equities analysts forecast that CEMEX, S.A.B. de C.V. will post 0.69 EPS for the current year.

CEMEX Announces Dividend

The firm also recently announced a dividend, which was paid on Tuesday, March 18th. Investors of record on Monday, March 10th were given a dividend of $0.0207 per share. The ex-dividend date of this dividend was Monday, March 10th. CEMEX’s payout ratio is 12.70%.

Hedge Funds Weigh In On CEMEX

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. IFP Advisors Inc boosted its holdings in shares of CEMEX by 159.1% in the 4th quarter. IFP Advisors Inc now owns 4,986 shares of the construction company’s stock worth $28,000 after purchasing an additional 3,062 shares in the last quarter. Barclays PLC raised its position in CEMEX by 41.8% during the 3rd quarter. Barclays PLC now owns 6,249 shares of the construction company’s stock valued at $38,000 after purchasing an additional 1,843 shares during the last quarter. Townsquare Capital LLC bought a new position in CEMEX during the 4th quarter valued at approximately $57,000. Dark Forest Capital Management LP bought a new position in CEMEX during the 4th quarter valued at approximately $59,000. Finally, Raiffeisen Bank International AG bought a new position in shares of CEMEX in the 4th quarter worth approximately $59,000. 82.97% of the stock is currently owned by hedge funds and other institutional investors.

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.