CEMEX, S.A.B. de C.V. (NYSE:CX) Receives $9.37 Average PT from Brokerages

CEMEX, S.A.B. de C.V. (NYSE:CX) has been assigned an average recommendation of “Moderate Buy” from the five ratings firms that are presently covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is $9.53.

Several equities analysts recently weighed in on the stock. Barclays cut shares of CEMEX from an “overweight” rating to an “equal weight” rating and set a $9.00 target price for the company. in a research note on Friday, February 9th. StockNews.com raised shares of CEMEX from a “buy” rating to a “strong-buy” rating in a research note on Friday. Bank of America cut shares of CEMEX from a “buy” rating to a “neutral” rating and set a $9.00 target price for the company. in a research note on Wednesday. Finally, The Goldman Sachs Group raised their target price on shares of CEMEX from $9.00 to $10.00 and gave the company a “buy” rating in a research note on Friday.

CEMEX Stock Performance

Shares of CX stock opened at $8.27 on Wednesday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.47 and a current ratio of 0.74. The company has a market capitalization of $11.98 billion, a P/E ratio of 68.92, a price-to-earnings-growth ratio of 0.16 and a beta of 1.47. The company’s 50 day moving average price is $8.31 and its two-hundred day moving average price is $7.61. CEMEX has a 52 week low of $5.67 and a 52 week high of $9.27.

CEMEX (NYSE:CX) last announced its earnings results on Thursday, February 8th. The construction company reported ($0.30) EPS for the quarter. CEMEX had a return on equity of 1.50% and a net margin of 1.06%. The company had revenue of $4.24 billion for the quarter. On average, analysts expect that CEMEX will post 0.88 earnings per share for the current fiscal year.

Institutional Investors Weigh In On CEMEX

A number of hedge funds have recently made changes to their positions in the stock. Capital International Investors increased its position in CEMEX by 0.5% during the 4th quarter. Capital International Investors now owns 28,003,151 shares of the construction company’s stock worth $217,024,000 after purchasing an additional 152,587 shares in the last quarter. Principal Financial Group Inc. increased its position in CEMEX by 7.9% during the 4th quarter. Principal Financial Group Inc. now owns 20,833,868 shares of the construction company’s stock worth $161,462,000 after purchasing an additional 1,521,007 shares in the last quarter. Acadian Asset Management LLC increased its position in CEMEX by 41.4% in the 3rd quarter. Acadian Asset Management LLC now owns 18,924,664 shares of the construction company’s stock valued at $122,996,000 after acquiring an additional 5,542,723 shares during the period. Schroder Investment Management Group increased its position in CEMEX by 17.6% in the 4th quarter. Schroder Investment Management Group now owns 9,840,263 shares of the construction company’s stock valued at $76,262,000 after acquiring an additional 1,471,407 shares during the period. Finally, American Century Companies Inc. raised its stake in shares of CEMEX by 3.4% during the third quarter. American Century Companies Inc. now owns 9,744,804 shares of the construction company’s stock valued at $63,341,000 after acquiring an additional 318,541 shares during the last quarter. 82.97% of the stock is currently owned by institutional investors and hedge funds.

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.