CEMEX (NYSE:CX) Rating Lowered to Hold at StockNews.com

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

Several other brokerages have also issued reports on CX. Royal Bank of Canada lifted their price target on CEMEX from $5.00 to $6.00 and gave the company an “underperform” rating in a report on Monday, February 10th. The Goldman Sachs Group lifted their target price on shares of CEMEX from $8.00 to $9.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. Finally, Morgan Stanley lowered shares of CEMEX from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, March 26th. One analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, CEMEX currently has an average rating of “Hold” and an average target price of $7.82.

CEMEX Stock Down 5.9 %

CEMEX stock opened at $5.02 on Tuesday. The firm’s 50 day moving average price is $6.07 and its two-hundred day moving average price is $5.83. The firm has a market cap of $7.27 billion, a PE ratio of 7.96 and a beta of 1.28. CEMEX has a twelve month low of $4.89 and a twelve month high of $8.75. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.58 and a current ratio of 0.82.

CEMEX (NYSE:CX) last announced its quarterly earnings data on Thursday, February 13th. The construction company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.06. CEMEX had a return on equity of 7.78% and a net margin of 5.70%. On average, research analysts predict that CEMEX will post 0.69 EPS for the current fiscal year.

CEMEX Announces Dividend

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

Institutional Trading of CEMEX

Several large investors have recently modified their holdings of CX. JPMorgan Chase & Co. lifted its position in CEMEX by 123.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 14,441,466 shares of the construction company’s stock worth $88,093,000 after acquiring an additional 7,986,204 shares during the last quarter. Sanctuary Advisors LLC increased its stake 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 worth $319,000 after purchasing an additional 16,585 shares during the period. IFP Advisors Inc lifted its position in shares of CEMEX by 159.1% during 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 during the last quarter. Natixis Advisors LLC lifted its position in shares of CEMEX by 13.6% during the 4th quarter. Natixis Advisors LLC now owns 358,776 shares of the construction company’s stock worth $2,023,000 after purchasing an additional 43,089 shares during the last quarter. Finally, QRG Capital Management Inc. boosted its stake in CEMEX by 30.5% during the 4th quarter. QRG Capital Management Inc. now owns 30,937 shares of the construction company’s stock valued at $174,000 after purchasing an additional 7,232 shares during the period. 82.97% of the stock is owned by 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.