CEMEX (NYSE:CX) Reaches New 1-Year Low - Here's Why

CEMEX, S.A.B. de C.V. (NYSE:CX - Get Free Report)'s share price hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $4.97 and last traded at $5.10, with a volume of 6541374 shares changing hands. The stock had previously closed at $5.56.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Royal Bank of Canada upped their price objective on shares of CEMEX from $5.00 to $6.00 and gave the company an "underperform" rating in a research note on Monday, February 10th. Morgan Stanley cut CEMEX from an "overweight" rating to an "equal weight" rating in a research note on Wednesday, March 26th. StockNews.com lowered shares of CEMEX from a "buy" rating to a "hold" rating in a research report on Tuesday. Finally, The Goldman Sachs Group upped their price target on shares of CEMEX from $8.00 to $9.00 and gave the company a "buy" rating in a research report on Thursday, February 27th. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $7.82.

CEMEX Trading Up 5.3 %

The company has a quick ratio of 0.58, a current ratio of 0.82 and a debt-to-equity ratio of 0.43. The firm has a market cap of $7.75 billion, a PE ratio of 8.49 and a beta of 1.28. The company's fifty day moving average price is $6.09 and its two-hundred day moving average price is $5.84.

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CEMEX (NYSE:CX - Get Free Report) last issued its earnings results on Thursday, February 13th. The construction company reported $0.16 earnings per share (EPS) for the quarter, topping 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%. As a group, sell-side analysts forecast that CEMEX, S.A.B. de C.V. will post 0.69 earnings per share for the current fiscal year.

CEMEX Dividend Announcement

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

Institutional Trading of CEMEX

A number of institutional investors have recently added to or reduced their stakes in the stock. Stifel Financial Corp lifted its stake in shares of CEMEX by 30.4% during the third quarter. Stifel Financial Corp now owns 100,406 shares of the construction company's stock valued at $612,000 after buying an additional 23,388 shares during the period. Orion Portfolio Solutions LLC grew its position in CEMEX by 39.9% in the third quarter. Orion Portfolio Solutions LLC now owns 15,087 shares of the construction company's stock valued at $92,000 after acquiring an additional 4,306 shares in the last quarter. MML Investors Services LLC increased its stake in CEMEX by 65.8% during the 3rd quarter. MML Investors Services LLC now owns 20,706 shares of the construction company's stock worth $126,000 after buying an additional 8,221 shares during the period. Public Employees Retirement System of Ohio purchased a new stake in CEMEX during the 3rd quarter worth approximately $9,037,000. Finally, Barclays PLC boosted its stake in shares of CEMEX by 41.8% during the 3rd quarter. Barclays PLC now owns 6,249 shares of the construction company's stock valued at $38,000 after buying an additional 1,843 shares during the last quarter. Hedge funds and other institutional investors 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.