CEMEX (NYSE:CX) Upgraded at StockNews.com

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

CX has been the subject of several other reports. Royal Bank of Canada lowered their target price on CEMEX from $6.00 to $5.00 and set an "underperform" rating for the company in a research note on Monday, April 14th. The Goldman Sachs Group upped their target price 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. 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. Finally, Morgan Stanley cut shares of CEMEX from an "overweight" rating to an "equal weight" rating in a research note on Wednesday, March 26th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, CEMEX presently has an average rating of "Hold" and an average price target of $7.63.

CEMEX Price Performance

CX traded up $0.21 during trading on Wednesday, hitting $5.41. The company's stock had a trading volume of 10,945,853 shares, compared to its average volume of 10,579,977. The firm's 50 day moving average price is $5.92 and its two-hundred day moving average price is $5.79. 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 stock has a market capitalization of $7.83 billion, a price-to-earnings ratio of 8.58 and a beta of 1.28. CEMEX has a 12 month low of $4.89 and a 12 month high of $8.35.

CEMEX (NYSE:CX - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The construction company reported $0.16 EPS for the quarter, topping analysts' consensus estimates of $0.10 by $0.06. CEMEX had a net margin of 5.70% and a return on equity of 7.78%. Sell-side analysts forecast that CEMEX will post 0.69 earnings per share for the current fiscal year.

CEMEX Dividend Announcement

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

Institutional Trading of CEMEX

A number of large investors have recently bought and sold shares of the business. Stifel Financial Corp increased its position 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 worth $612,000 after acquiring an additional 23,388 shares in the last quarter. Orion Portfolio Solutions LLC raised its stake in shares of CEMEX by 39.9% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 15,087 shares of the construction company's stock valued at $92,000 after purchasing an additional 4,306 shares during the period. MML Investors Services LLC lifted its holdings in shares of CEMEX by 65.8% in the third quarter. MML Investors Services LLC now owns 20,706 shares of the construction company's stock valued at $126,000 after purchasing an additional 8,221 shares in the last quarter. Barclays PLC grew its holdings 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 buying an additional 1,843 shares in the last quarter. Finally, Sanctuary Advisors LLC raised its position in CEMEX by 46.5% in the 3rd quarter. Sanctuary Advisors LLC now owns 52,237 shares of the construction company's stock valued at $319,000 after buying an additional 16,585 shares during the last quarter. 82.97% of the stock is owned by institutional investors.

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.