CEMEX, S.A.B. de C.V. (NYSE:CX) Receives Consensus Rating of “Hold” from Analysts

CEMEX, S.A.B. de C.V. (NYSE:CX) has been given an average rating of “Hold” by the six research firms that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $7.65.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of CEMEX during the 3rd quarter worth $190,346,000. AQR Capital Management LLC raised its stake in CEMEX by 28.4% in the 2nd quarter. AQR Capital Management LLC now owns 19,057,965 shares of the construction company’s stock valued at $121,113,000 after purchasing an additional 4,217,562 shares during the last quarter. JPMorgan Chase & Co. raised its stake 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 purchasing an additional 7,986,204 shares during the last quarter. Perpetual Ltd raised its stake in CEMEX by 12.6% in the 3rd quarter. Perpetual Ltd now owns 10,014,640 shares of the construction company’s stock valued at $61,089,000 after purchasing an additional 1,117,379 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its stake in CEMEX by 8.9% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 9,889,608 shares of the construction company’s stock valued at $60,327,000 after purchasing an additional 807,394 shares during the last quarter. Institutional investors and hedge funds own 82.97% of the company’s stock.

CEMEX Stock Performance

NYSE:CX opened at $6.06 on Friday. The firm’s fifty day moving average price is $5.64 and its 200 day moving average price is $5.90. CEMEX has a 1-year low of $5.00 and a 1-year high of $9.27. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.98 and a quick ratio of 0.73. The firm has a market cap of $8.77 billion, a price-to-earnings ratio of 20.18 and a beta of 1.49.

CEMEX Announces Dividend

The company also recently declared a dividend, which was paid on Wednesday, December 18th. Stockholders of record on Tuesday, December 10th were paid a dividend of $0.0207 per share. The ex-dividend date of this dividend was Tuesday, December 10th. CEMEX’s dividend payout ratio (DPR) is presently 20.00%.

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.