CEMEX, S.A.B. de C.V. (NYSE:CX) Given Consensus Recommendation of “Hold” by Brokerages

Shares of CEMEX, S.A.B. de C.V. (NYSE:CX) have been given an average rating of “Hold” by the six analysts that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation and three have given a buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $7.65.

CX has been the subject of a number of analyst reports. Royal Bank of Canada downgraded shares of CEMEX from a “sector perform” rating to an “underperform” rating and lowered their target price for the stock from $6.00 to $5.00 in a research note on Wednesday, December 11th. JPMorgan Chase & Co. downgraded CEMEX from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $7.00 to $6.00 in a report on Tuesday, October 29th. Scotiabank cut their target price on CEMEX from $10.00 to $8.90 and set a “sector outperform” rating on the stock in a research report on Tuesday, October 29th. Barclays lowered their price target on CEMEX from $9.00 to $8.00 and set an “overweight” rating for the company in a report on Tuesday, October 29th. Finally, StockNews.com cut shares of CEMEX from a “strong-buy” rating to a “buy” rating in a report on Friday, October 11th.

CEMEX Trading Down 0.5 %

NYSE CX opened at $5.66 on Monday. CEMEX has a 52 week low of $5.00 and a 52 week high of $9.27. The firm has a 50 day moving average of $5.57 and a two-hundred day moving average of $6.00. The stock has a market capitalization of $8.20 billion, a PE ratio of 18.87 and a beta of 1.50. The company has a quick ratio of 0.73, a current ratio of 0.98 and a debt-to-equity ratio of 0.49.

CEMEX Announces Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, December 18th. Shareholders of record on Tuesday, December 10th were paid a $0.0207 dividend. The ex-dividend date of this dividend was Tuesday, December 10th. CEMEX’s dividend payout ratio is currently 20.00%.

Institutional Trading of CEMEX

Several institutional investors and hedge funds have recently bought and sold shares of CX. JPMorgan Chase & Co. increased its position in CEMEX by 123.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 14,441,466 shares of the construction company’s stock valued at $88,093,000 after acquiring an additional 7,986,204 shares during the period. Sanctuary Advisors LLC increased its holdings in shares of CEMEX by 46.5% in the third quarter. Sanctuary Advisors LLC now owns 52,237 shares of the construction company’s stock valued at $319,000 after purchasing an additional 16,585 shares during the period. Barclays PLC lifted its holdings in shares of CEMEX by 41.8% during the third quarter. Barclays PLC now owns 6,249 shares of the construction company’s stock worth $38,000 after purchasing an additional 1,843 shares during the period. Public Employees Retirement System of Ohio acquired a new stake in shares of CEMEX during the third quarter worth $9,037,000. Finally, MML Investors Services LLC grew its position in CEMEX by 65.8% in the 3rd quarter. MML Investors Services LLC now owns 20,706 shares of the construction company’s stock valued at $126,000 after buying an additional 8,221 shares during the last quarter. Hedge funds and other institutional investors own 82.97% of the company’s stock.

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.