Cemex (NYSE:CX) Stock Price Target Lowered at Scotiabank

Cemex (NYSE:CX) had its price objective dropped by Scotiabank from $14.50 to $13.80 in a note issued to investors on Tuesday, Benzinga reports. The firm currently has a “sector outperform” rating on the construction company’s stock. Scotiabank‘s target price would indicate a potential upside of 33.38% from the company’s current price.

CX has been the topic of several other reports. Citigroup raised shares of Cemex from a “neutral” rating to a “buy” rating and decreased their target price for the stock from $13.70 to $12.00 in a research report on Thursday, October 15th. Weiss Ratings restated a “hold (c-)” rating on shares of Cemex in a report on Friday, August 21st. JPMorgan Chase & Co. upped their price target on shares of Cemex from $14.50 to $15.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 8th. Wall Street Zen downgraded shares of Cemex from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Finally, Royal Bank Of Canada lifted their price target on shares of Cemex from $13.25 to $13.75 and gave the company a “sector perform” rating in a report on Tuesday. Six investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $13.91.

Cemex Trading Up 1.5%

Shares of NYSE CX traded up $0.16 during midday trading on Tuesday, reaching $10.35. 922,717 shares of the stock were exchanged, compared to its average volume of 6,366,594. The company has a market capitalization of $14.99 billion, a P/E ratio of 30.42 and a beta of 1.51. The company has a current ratio of 0.92, a quick ratio of 0.68 and a debt-to-equity ratio of 0.44. Cemex has a 52-week low of $9.30 and a 52-week high of $13.67. The stock has a 50 day moving average price of $10.25 and a 200-day moving average price of $11.68.

Cemex (NYSE:CX) last issued its quarterly earnings results on Monday, October 26th. The construction company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.03. Cemex had a return on equity of 3.82% and a net margin of 2.83%. The company had revenue of $4.59 billion during the quarter, compared to the consensus estimate of $4.45 billion. Equities research analysts expect that Cemex will post 0.89 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Mauricio Doehner sold 927,900 shares of the stock in a transaction on Wednesday, September 30th. The shares were sold at an average price of $9.57, for a total value of $8,880,003.00. Following the completion of the sale, the executive vice president owned 584,930 shares of the company’s stock, valued at $5,597,780.10. This represents a 61.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Zambrano Lozano bought 400,800 shares of the business’s stock in a transaction dated Friday, September 25th. The stock was acquired at an average cost of $17.28 per share, for a total transaction of $6,925,824.00. Following the purchase, the director owned 10,000,000 shares in the company, valued at approximately $172,800,000. This trade represents a 4.18% increase in their position. The SEC filing for this purchase provides additional information. 1.00% of the stock is owned by insiders.

Institutional Investors Weigh In On Cemex

Several institutional investors and hedge funds have recently modified their holdings of the stock. Oppenheimer & Co. Inc. grew its stake in shares of Cemex by 26.3% in the third quarter. Oppenheimer & Co. Inc. now owns 19,205 shares of the construction company’s stock valued at $183,000 after buying an additional 4,000 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its position in Cemex by 10.1% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 21,224,097 shares of the construction company’s stock worth $201,841,000 after acquiring an additional 1,951,012 shares in the last quarter. Diversify Advisory Services LLC lifted its position in Cemex by 12.2% during the 3rd quarter. Diversify Advisory Services LLC now owns 227,937 shares of the construction company’s stock worth $2,293,000 after acquiring an additional 24,797 shares in the last quarter. Sax Wealth Advisors LLC boosted its holdings in Cemex by 20.7% in the 3rd quarter. Sax Wealth Advisors LLC now owns 17,006 shares of the construction company’s stock worth $162,000 after acquiring an additional 2,915 shares during the period. Finally, Public Employees Retirement System of Ohio purchased a new position in Cemex in the 2nd quarter worth approximately $683,000. Hedge funds and other institutional investors own 82.97% of the company’s stock.

Cemex News Summary

Here are the key news stories impacting Cemex this week:

• Positive Sentiment: Q3 results beat expectations: Cemex reported adjusted EPS of $0.28 versus the $0.25 consensus estimate and revenue of $4.59 billion versus expectations of $4.45 billion. Operating EBITDA increased 12% to $990 million. Cemex reports 12% rise in Q3 operating EBITDA
• Positive Sentiment: Profitability and cash flow improved: Third-quarter profit rose 55%, while management highlighted record free cash flow. Operating free cash flow increased by more than $900 million year to date, strengthening the investment case and potentially supporting debt reduction or shareholder returns. Cemex Q3 profit rises 55%
• Positive Sentiment: Cost savings are progressing: Project Cutting Edge has achieved 80% of its $475 million savings target, indicating that efficiency initiatives are contributing to improved cash generation and margins. CEMEX key takeaways for long-term investors
• Positive Sentiment: Analyst target increased: RBC raised its price target for CX from $13.25 to $13.75, signaling greater confidence in Cemex’s earnings and cash-flow outlook. RBC raises target for Cemex
• Neutral Sentiment: Mexico’s recovery helped offset softer conditions in the United States, making regional performance an important factor for the stock’s next move. Cemex earnings beat estimates
• Negative Sentiment: U.S. weakness remains a headwind: Despite the overall earnings beat, weaker U.S. activity could limit near-term growth and temper the positive impact of Mexico’s recovery.

About Cemex

Cemex, SAB. de C.V. is a global building materials company headquartered in San Pedro Garza García, Mexico. The company produces and markets cement, ready-mix concrete, aggregates and related construction materials used in residential, commercial and infrastructure projects.

Cemex also provides construction solutions and services, including materials distribution, logistics and digital tools designed to support contractors, builders and other customers. Its products serve a broad range of applications, from housing and commercial development to roads, bridges, airports and other major infrastructure.

Founded in Mexico in 1906, Cemex has expanded through organic growth and acquisitions into an international business serving customers across the Americas, Europe, Africa, the Middle East and Asia.