CEMEX (NYSE:CX) Reaches New 1-Year Low - Should You Sell?

Shares of CEMEX, S.A.B. de C.V. (NYSE:CX - Get Free Report) hit a new 52-week low during trading on Thursday . The company traded as low as $4.89 and last traded at $5.35, with a volume of 25831594 shares traded. The stock had previously closed at $5.08.

Analysts Set New Price Targets

Several research firms have recently commented on CX. StockNews.com lowered shares of CEMEX from a "buy" rating to a "hold" rating in a research report on Tuesday, April 8th. Morgan Stanley cut shares of CEMEX from an "overweight" rating to an "equal weight" rating in a research report on Wednesday, March 26th. Royal Bank of Canada dropped their price target on shares of CEMEX from $6.00 to $5.00 and set an "underperform" rating for the company in a research report on Monday. Finally, The Goldman Sachs Group boosted their price target 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. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $7.65.

CEMEX Stock Performance

The stock's fifty day simple moving average is $6.05 and its 200-day simple moving average is $5.82. The company has a market capitalization of $7.80 billion, a price-to-earnings ratio of 8.54 and a beta of 1.28. The company has a current ratio of 0.82, a quick ratio of 0.58 and a debt-to-equity ratio of 0.43.

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CEMEX (NYSE:CX - Get Free Report) last released its earnings results on Thursday, February 13th. The construction company reported $0.16 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.10 by $0.06. CEMEX had a return on equity of 7.78% and a net margin of 5.70%. Analysts predict that CEMEX, S.A.B. de C.V. will post 0.69 EPS for the current year.

CEMEX Dividend Announcement

The company also recently announced a dividend, which was paid on Tuesday, March 18th. Investors of record on Monday, March 10th were issued a $0.0207 dividend. The ex-dividend date of this dividend was Monday, March 10th. CEMEX's dividend payout ratio (DPR) is 12.70%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Barclays PLC grew its stake in shares of CEMEX by 41.8% during the third quarter. Barclays PLC now owns 6,249 shares of the construction company's stock worth $38,000 after purchasing an additional 1,843 shares in the last quarter. Cetera Investment Advisers grew its position in shares of CEMEX by 8.4% in the 4th quarter. Cetera Investment Advisers now owns 31,652 shares of the construction company's stock valued at $179,000 after buying an additional 2,452 shares during the last quarter. Legacy Wealth Asset Management LLC grew its holdings in shares of CEMEX by 3.4% during the first quarter. Legacy Wealth Asset Management LLC now owns 77,957 shares of the construction company's stock worth $437,000 after purchasing an additional 2,570 shares during the last quarter. Envestnet Portfolio Solutions Inc. increased its position in CEMEX by 26.4% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 13,011 shares of the construction company's stock worth $73,000 after buying an additional 2,720 shares during the period. Finally, Holistic Financial Partners increased its holdings in shares of CEMEX by 25.0% in the 4th quarter. Holistic Financial Partners now owns 13,933 shares of the construction company's stock valued at $79,000 after acquiring an additional 2,787 shares during the period. Institutional investors and hedge funds own 82.97% of the company's stock.

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.