CEMEX, S.A.B. de C.V. (NYSE:CX) Receives $7.82 Consensus Target Price from Analysts

Shares of CEMEX, S.A.B. de C.V. (NYSE:CX - Get Free Report) have been given a consensus recommendation of "Hold" by the seven research firms that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $7.82.

Several analysts recently commented on the company. StockNews.com lowered CEMEX from a "buy" rating to a "hold" rating in a research note on Tuesday, April 8th. Morgan Stanley downgraded shares of CEMEX from an "overweight" rating to an "equal weight" rating in a research note on Wednesday, March 26th. The Goldman Sachs Group increased their target price on shares of CEMEX from $8.00 to $9.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. Finally, Royal Bank of Canada boosted their price target on shares of CEMEX from $5.00 to $6.00 and gave the company an "underperform" rating in a research report on Monday, February 10th.

Hedge Funds Weigh In On CEMEX

Several hedge funds have recently added to or reduced their stakes in CX. IFP Advisors Inc lifted its position in CEMEX by 159.1% during the 4th quarter. IFP Advisors Inc now owns 4,986 shares of the construction company's stock valued at $28,000 after purchasing an additional 3,062 shares during the period. Barclays PLC boosted its stake in CEMEX by 41.8% in the third quarter. Barclays PLC now owns 6,249 shares of the construction company's stock valued at $38,000 after acquiring an additional 1,843 shares during the last quarter. Townsquare Capital LLC acquired a new stake in CEMEX during the 4th quarter worth $57,000. Dark Forest Capital Management LP acquired a new position in shares of CEMEX in the 4th quarter valued at $59,000. Finally, Raiffeisen Bank International AG bought a new position in shares of CEMEX in the 4th quarter worth $59,000. Institutional investors own 82.97% of the company's stock.

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CEMEX Stock Performance

CEMEX stock traded up $0.16 on Wednesday, hitting $5.18. The company's stock had a trading volume of 30,191,973 shares, compared to its average volume of 10,445,446. CEMEX has a one year low of $4.89 and a one year high of $8.71. The firm has a market cap of $7.50 billion, a P/E ratio of 8.21 and a beta of 1.28. 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 company has a fifty day moving average price of $6.05 and a 200-day moving average price of $5.82.

CEMEX (NYSE:CX - Get Free Report) last posted its earnings results on Thursday, February 13th. The construction company reported $0.16 earnings per share for the quarter, beating 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%. On average, equities analysts anticipate that CEMEX will post 0.69 earnings per share for the current year.

CEMEX Dividend Announcement

The company also recently disclosed a dividend, which was paid on Tuesday, March 18th. Shareholders of record on Monday, March 10th were given a $0.0207 dividend. The ex-dividend date of this dividend was Monday, March 10th. CEMEX's payout ratio is 12.70%.

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.