Brokerages Set Cemex S.A.B. de C.V. (NYSE:CX) PT at $13.07

Cemex S.A.B. de C.V. (NYSE:CX) has been given a consensus recommendation of “Moderate Buy” by the twelve research firms that are presently covering the stock, Marketbeat reports. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $13.0667.

Several equities research analysts recently weighed in on the stock. Santander raised shares of Cemex to an “outperform” rating in a research note on Thursday, June 11th. Scotiabank boosted their price target on shares of Cemex from $14.10 to $14.50 and gave the stock an “outperform” rating in a research note on Tuesday, July 14th. JPMorgan Chase & Co. upped their price objective on Cemex from $14.50 to $15.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 8th. Barclays increased their price objective on Cemex from $15.00 to $16.00 and gave the company an “overweight” rating in a research note on Friday, July 24th. Finally, Royal Bank Of Canada lifted their target price on Cemex from $12.75 to $13.50 and gave the company a “sector perform” rating in a report on Friday, July 24th.

Cemex Stock Performance

Shares of Cemex stock opened at $10.87 on Friday. The stock has a market capitalization of $15.75 billion, a price-to-earnings ratio of 31.97 and a beta of 1.53. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.92 and a quick ratio of 0.68. The business has a 50-day moving average of $11.85 and a 200 day moving average of $12.02. Cemex has a 12 month low of $8.73 and a 12 month high of $13.67.

Cemex (NYSE:CX) last issued its quarterly earnings results on Tuesday, June 30th. The construction company reported $0.24 earnings per share (EPS) for the quarter. Cemex had a net margin of 2.83% and a return on equity of 3.82%. The company had revenue of $4.59 billion for the quarter. As a group, sell-side analysts forecast that Cemex will post 0.91 earnings per share for the current year.

Cemex Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 29th. Stockholders of record on Wednesday, June 17th were paid a $0.0312 dividend. This represents a $0.12 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Wednesday, June 17th. This is a boost from Cemex’s previous quarterly dividend of $0.02. Cemex’s dividend payout ratio (DPR) is 35.29%.

Insider Activity at Cemex

In other news, VP De La Garza Oscar Bal Elizondo sold 212,680 shares of the business’s stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $10.68, for a total transaction of $2,271,422.40. Following the completion of the transaction, the vice president directly owned 289,490 shares of the company’s stock, valued at approximately $3,091,753.20. The trade was a 42.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. WealthCollab LLC grew its holdings in Cemex by 73.7% during the 2nd quarter. WealthCollab LLC now owns 3,724 shares of the construction company’s stock worth $26,000 after acquiring an additional 1,580 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Cemex by 256.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 4,298 shares of the construction company’s stock valued at $30,000 after purchasing an additional 3,093 shares in the last quarter. NFSG Corp grew its stake in shares of Cemex by 123.5% during the first quarter. NFSG Corp now owns 2,858 shares of the construction company’s stock worth $33,000 after purchasing an additional 1,579 shares in the last quarter. Kestra Advisory Services LLC purchased a new position in Cemex in the fourth quarter valued at $34,000. Finally, Militia Capital Partners LP purchased a new position in Cemex in the second quarter valued at $46,000. Hedge funds and other institutional investors own 82.97% of the company’s stock.

Cemex Company Profile

Cemex (NYSE: CX) is a global building materials company headquartered in Monterrey, Mexico. The company produces, distributes and sells cement, ready-mix concrete and aggregates, as well as related building materials, to construction markets in more than 50 countries. Cemex’s product portfolio also includes asphalt and mortar mixes, waste-derived fuels and other complementary construction solutions, supported by a network of production facilities, distribution centers and logistics operations.

Founded in 1906 as Cementos Hidalgo, the company adopted the Cemex name in 1976 following a series of domestic mergers and expansions.