CEMEX, S.A.B. de C.V. (NYSE:CX) Receives $7.82 Average PT from Analysts

Shares of CEMEX, S.A.B. de C.V. (NYSE:CX - Get Free Report) have earned an average recommendation of "Moderate Buy" from the six analysts that are covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $7.82.

CX has been the topic of a number of recent analyst reports. StockNews.com downgraded CEMEX from a "strong-buy" rating to a "buy" rating in a research report on Friday, October 11th. JPMorgan Chase & Co. downgraded CEMEX from an "overweight" rating to a "neutral" rating and lowered their price target for the stock from $7.00 to $6.00 in a research report on Tuesday, October 29th. Scotiabank lowered their price target on CEMEX from $10.00 to $8.90 and set a "sector outperform" rating on the stock in a research report on Tuesday, October 29th. Barclays decreased their target price on CEMEX from $9.00 to $8.00 and set an "overweight" rating on the stock in a research report on Tuesday, October 29th. Finally, Royal Bank of Canada decreased their target price on CEMEX from $6.50 to $6.00 and set a "sector perform" rating on the stock in a research report on Tuesday, October 29th.

CEMEX Stock Up 1.2 %

Shares of NYSE:CX traded up $0.07 during midday trading on Thursday, reaching $5.83. The company had a trading volume of 8,607,686 shares, compared to its average volume of 8,758,955. The company has a quick ratio of 0.73, a current ratio of 0.98 and a debt-to-equity ratio of 0.49. The business's 50 day moving average price is $5.71 and its 200 day moving average price is $6.21. The stock has a market cap of $8.45 billion, a PE ratio of 19.43 and a beta of 1.50. CEMEX has a 1-year low of $5.00 and a 1-year high of $9.27.

CEMEX Dividend Announcement

The firm also recently declared a dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Tuesday, December 10th will be issued a dividend of $0.0207 per share. The ex-dividend date is Tuesday, December 10th. CEMEX's payout ratio is currently 13.33%.

Institutional Trading of CEMEX

A number of large investors have recently bought and sold shares of CX. Ashton Thomas Private Wealth LLC acquired a new stake in shares of CEMEX in the 2nd quarter valued at about $33,000. Barclays PLC grew its stake in shares of CEMEX by 41.8% in 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 period. Allworth Financial LP grew its stake in shares of CEMEX by 36.0% in the 3rd quarter. Allworth Financial LP now owns 6,606 shares of the construction company's stock valued at $40,000 after buying an additional 1,747 shares during the period. Aureus Asset Management LLC acquired a new stake in shares of CEMEX in the 3rd quarter valued at about $70,000. Finally, Vontobel Holding Ltd. acquired a new stake in shares of CEMEX in the 3rd quarter valued at about $77,000. 82.97% of the stock is currently owned by institutional investors and hedge funds.

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.