CEMEX, S.A.B. de C.V. (NYSE:CX) Given Consensus Recommendation of "Hold" by Brokerages

CEMEX, S.A.B. de C.V. (NYSE:CX - Get Free Report) has been assigned an average recommendation of "Hold" from the six research firms that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $7.82.

CX has been the subject of a number of research reports. Royal Bank of Canada lifted their price objective on CEMEX from $5.00 to $6.00 and gave the stock an "underperform" rating in a research report on Monday, February 10th. Barclays decreased their price objective on CEMEX from $9.00 to $8.00 and set an "overweight" rating for the company in a research report on Tuesday, October 29th. JPMorgan Chase & Co. lowered CEMEX from an "overweight" rating to a "neutral" rating and decreased their price objective for the company from $7.00 to $6.00 in a research report on Tuesday, October 29th. Finally, Scotiabank cut their target price on CEMEX from $10.00 to $8.90 and set a "sector outperform" rating on the stock in a research note on Tuesday, October 29th.

CEMEX Trading Down 2.6 %

CX stock traded down $0.18 during midday trading on Tuesday, reaching $6.54. The stock had a trading volume of 7,147,107 shares, compared to its average volume of 9,542,259. The business has a fifty day simple moving average of $5.90 and a two-hundred day simple moving average of $5.91. 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 $9.47 billion, a price-to-earnings ratio of 10.37 and a beta of 1.49. CEMEX has a twelve month low of $5.00 and a twelve month high of $9.27.

CEMEX (NYSE:CX - Get Free Report) last announced 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 return on equity of 7.78% and a net margin of 5.70%. As a group, research analysts expect that CEMEX will post 0.69 EPS for the current fiscal year.

CEMEX Dividend Announcement

The firm also recently declared a dividend, which was paid on Wednesday, December 18th. Investors of record on Tuesday, December 10th were paid a $0.0207 dividend. The ex-dividend date was Tuesday, December 10th. CEMEX's dividend payout ratio (DPR) is presently 9.52%.

Institutional Investors Weigh In On CEMEX

A number of large investors have recently added to or reduced their stakes in CX. Dodge & Cox raised its stake in CEMEX by 7,200.6% in the 4th quarter. Dodge & Cox now owns 49,622,009 shares of the construction company's stock valued at $279,868,000 after acquiring an additional 48,942,309 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in CEMEX during the 3rd quarter worth $190,346,000. Schroder Investment Management Group increased its position in CEMEX by 745.6% during the 4th quarter. Schroder Investment Management Group now owns 26,739,107 shares of the construction company's stock worth $150,809,000 after buying an additional 23,576,914 shares during the period. ANTIPODES PARTNERS Ltd bought a new position in CEMEX during the 4th quarter worth $86,056,000. Finally, JPMorgan Chase & Co. increased its position in CEMEX by 123.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 14,441,466 shares of the construction company's stock worth $88,093,000 after buying an additional 7,986,204 shares during the period. Institutional investors own 82.97% of the company's stock.

About CEMEX

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.