CEMEX (NYSE:CX) Upgraded at StockNews.com

StockNews.com upgraded shares of CEMEX (NYSE:CX) from a hold rating to a buy rating in a report issued on Saturday morning.

CX has been the topic of several other research reports. Bradesco Corretora set a $7.50 target price on CEMEX and gave the company a “neutral” rating in a research report on Tuesday, April 15th. Royal Bank of Canada increased their price objective on CEMEX from $5.00 to $5.25 and gave the stock an “underperform” rating in a research report on Tuesday, April 29th. The Goldman Sachs Group boosted their target price on shares of CEMEX from $8.00 to $9.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. JPMorgan Chase & Co. raised their price target on shares of CEMEX from $6.00 to $6.80 and gave the stock a “neutral” rating in a research report on Tuesday, April 29th. Finally, Morgan Stanley downgraded shares of CEMEX from an “overweight” rating to an “equal weight” rating in a report on Wednesday, March 26th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $7.58.

CEMEX Price Performance

Shares of NYSE CX opened at $6.11 on Friday. CEMEX has a twelve month low of $4.89 and a twelve month high of $8.11. The company has a market cap of $8.85 billion, a PE ratio of 9.69 and a beta of 1.41. The business’s 50 day moving average price is $5.77 and its two-hundred day moving average price is $5.78. 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 (NYSE:CX) last posted its quarterly earnings results on Monday, April 28th. The construction company reported $0.08 earnings per share for the quarter. CEMEX had a return on equity of 7.78% and a net margin of 5.70%. The business had revenue of $186.46 million for the quarter, compared to analysts’ expectations of $214.59 million. On average, analysts predict that CEMEX will post 0.69 EPS for the current year.

CEMEX Announces Dividend

The company also recently declared 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 was Monday, March 10th. CEMEX’s dividend payout ratio is 8.33%.

Institutional Investors Weigh In On CEMEX

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. IFP Advisors Inc boosted its stake in CEMEX by 159.1% in the fourth quarter. IFP Advisors Inc now owns 4,986 shares of the construction company’s stock valued at $28,000 after buying an additional 3,062 shares in the last quarter. Wayfinding Financial LLC acquired a new stake in shares of CEMEX in the 1st quarter valued at approximately $29,000. Barclays PLC grew its holdings in shares of 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 acquired a new position in CEMEX during the 4th quarter worth approximately $57,000. Finally, Dark Forest Capital Management LP bought a new position in CEMEX in the 4th quarter valued at approximately $59,000. 82.97% of the stock is currently owned by institutional investors.

CEMEX Company Profile

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.