CEMEX (NYSE:CX) Trading 4.2% Higher - Still a Buy?

CEMEX, S.A.B. de C.V. (NYSE:CX - Get Free Report) was up 4.2% during mid-day trading on Tuesday . The company traded as high as $6.30 and last traded at $6.32. Approximately 3,967,988 shares were traded during mid-day trading, a decline of 59% from the average daily volume of 9,585,225 shares. The stock had previously closed at $6.06.

Analyst Ratings Changes

CX has been the topic of several recent research reports. The Goldman Sachs Group raised their price target on CEMEX from $8.00 to $9.00 and gave the stock a "buy" rating in a report on Thursday, February 27th. Royal Bank of Canada upped their target price on shares of CEMEX from $5.00 to $6.00 and gave the stock an "underperform" rating in a research report on Monday, February 10th. Finally, Morgan Stanley cut CEMEX from an "overweight" rating to an "equal weight" rating in a report on Wednesday. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $7.82.

CEMEX Trading Down 5.9 %

The business's 50 day moving average price is $6.17 and its two-hundred day moving average price is $5.89. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.58 and a current ratio of 0.82. The company has a market capitalization of $8.21 billion, a price-to-earnings ratio of 8.99 and a beta of 1.45.

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

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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 dividend of $0.0207 per share. The ex-dividend date was Monday, March 10th. CEMEX's payout ratio is currently 12.70%.

Institutional Investors Weigh In On CEMEX

Institutional investors and hedge funds have recently bought and sold shares of the business. Vise Technologies Inc. bought a new stake in shares of CEMEX in the 4th quarter worth approximately $220,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of CEMEX by 30.6% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 40,745,819 shares of the construction company's stock valued at $229,806,000 after buying an additional 9,541,622 shares in the last quarter. Waverly Advisors LLC acquired a new stake in shares of CEMEX during the 4th quarter valued at $104,000. Squarepoint Ops LLC bought a new stake in shares of CEMEX during the 4th quarter worth $175,000. Finally, Raiffeisen Bank International AG acquired a new position in shares of CEMEX in the 4th quarter worth $59,000. 82.97% of the stock is 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.