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

StockNews.com cut shares of CEMEX (NYSE:CX - Free Report) from a buy rating to a hold rating in a research note issued to investors on Friday.

Several other research analysts have also weighed in on CX. Morgan Stanley lowered CEMEX from an "overweight" rating to an "equal weight" rating in a research report on Wednesday, March 26th. Royal Bank of Canada cut their price objective on shares of CEMEX from $6.00 to $5.00 and set an "underperform" rating on the stock in a research report on Monday, April 14th. 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, Bradesco Corretora set a $7.50 price target on shares of CEMEX and gave the stock a "neutral" rating in a research note on Tuesday, April 15th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $7.40.

CEMEX Stock Up 4.4 %

CX traded up $0.26 on Friday, reaching $6.18. 14,117,017 shares of the company traded hands, compared to its average volume of 10,793,606. The company has a market cap of $8.96 billion, a price-to-earnings ratio of 9.81 and a beta of 1.28. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.82 and a quick ratio of 0.58. The stock's 50 day moving average price is $5.82 and its 200-day moving average price is $5.78. CEMEX has a 52-week low of $4.89 and a 52-week high of $8.31.

CEMEX (NYSE:CX - Get Free Report) last posted its quarterly earnings results on Monday, April 28th. The construction company reported $0.08 EPS for the quarter. CEMEX had a net margin of 5.70% and a return on equity of 7.78%. On average, sell-side analysts expect that CEMEX will post 0.69 EPS for the current fiscal year.

CEMEX Dividend Announcement

The business also recently declared a dividend, which was paid on Tuesday, March 18th. Shareholders of record on Monday, March 10th were issued a dividend of $0.0207 per share. The ex-dividend date was Monday, March 10th. CEMEX's dividend payout ratio (DPR) is presently 12.70%.

Institutional Trading of CEMEX

A number of institutional investors and hedge funds have recently modified their holdings of CX. Westfuller Advisors LLC acquired a new position in CEMEX in the 1st quarter valued at $62,000. Robeco Institutional Asset Management B.V. boosted its holdings in CEMEX by 2.2% during the first quarter. Robeco Institutional Asset Management B.V. now owns 6,394,205 shares of the construction company's stock valued at $35,871,000 after acquiring an additional 136,923 shares during the period. Archford Capital Strategies LLC acquired a new stake in shares of CEMEX in the first quarter valued at about $124,000. Harbour Capital Advisors LLC bought a new position in shares of CEMEX in the first quarter worth about $687,000. Finally, Oppenheimer & Co. Inc. lifted its position in shares of CEMEX by 21.0% during the 1st quarter. Oppenheimer & Co. Inc. now owns 14,431 shares of the construction company's stock worth $81,000 after purchasing an additional 2,505 shares during the last quarter. 82.97% of the stock is currently owned by institutional investors and hedge funds.

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.