CEMEX, S.A.B. de C.V. (NYSE:CX) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of CEMEX, S.A.B. de C.V. (NYSE:CX) have been assigned an average recommendation of “Moderate Buy” from the five brokerages that are covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $9.53.

CX has been the topic of several research analyst reports. Barclays lowered CEMEX from an “overweight” rating to an “equal weight” rating and set a $9.00 price objective on the stock. in a report on Friday, February 9th. StockNews.com raised CEMEX from a “buy” rating to a “strong-buy” rating in a report on Friday. The Goldman Sachs Group raised their price objective on CEMEX from $9.00 to $10.00 and gave the company a “buy” rating in a report on Friday. Finally, Bank of America lowered CEMEX from a “buy” rating to a “neutral” rating and set a $9.00 price objective on the stock. in a report on Wednesday, April 24th.

Hedge Funds Weigh In On CEMEX

Several hedge funds and other institutional investors have recently made changes to their positions in CX. International Assets Investment Management LLC lifted its position in CEMEX by 675.0% during the fourth quarter. International Assets Investment Management LLC now owns 447,766 shares of the construction company’s stock worth $34,700,000 after buying an additional 389,990 shares in the last quarter. American Century Companies Inc. lifted its position in CEMEX by 3.4% during the third quarter. American Century Companies Inc. now owns 9,744,804 shares of the construction company’s stock worth $63,341,000 after buying an additional 318,541 shares in the last quarter. AEGON ASSET MANAGEMENT UK Plc purchased a new position in CEMEX during the fourth quarter worth approximately $2,227,000. Hosking Partners LLP lifted its position in CEMEX by 2.4% during the third quarter. Hosking Partners LLP now owns 4,143,236 shares of the construction company’s stock worth $26,931,000 after buying an additional 95,750 shares in the last quarter. Finally, Wellington Management Group LLP purchased a new position in CEMEX during the third quarter worth approximately $1,637,000. Hedge funds and other institutional investors own 82.97% of the company’s stock.

CEMEX Stock Up 1.1 %

CEMEX stock opened at $8.27 on Wednesday. The firm has a market cap of $11.98 billion, a price-to-earnings ratio of 59.07, a price-to-earnings-growth ratio of 0.17 and a beta of 1.47. CEMEX has a 52 week low of $5.67 and a 52 week high of $9.27. The business’s 50-day moving average price is $8.32 and its 200 day moving average price is $7.65. The company has a quick ratio of 0.47, a current ratio of 0.74 and a debt-to-equity ratio of 0.59.

CEMEX (NYSE:CX) last posted its earnings results on Thursday, February 8th. The construction company reported ($0.30) EPS for the quarter. CEMEX had a return on equity of 1.81% and a net margin of 1.28%. The company had revenue of $4.24 billion for the quarter. As a group, sell-side analysts anticipate that CEMEX will post 0.88 earnings per share for the current year.

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.