Analysts Set CEMEX, S.A.B. de C.V. (NYSE:CX) PT at $8.70

Shares of CEMEX, S.A.B. de C.V. (NYSE:CX - Get Free Report) have received an average rating of "Moderate Buy" from the six brokerages that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $8.70.

Several equities research analysts have issued reports on the company. JPMorgan Chase & Co. reaffirmed an "overweight" rating and set a $8.00 price target on shares of CEMEX in a research note on Wednesday, August 21st. StockNews.com upgraded CEMEX from a "buy" rating to a "strong-buy" rating in a research note on Thursday, July 18th. Barclays raised CEMEX from an "equal weight" rating to an "overweight" rating and set a $9.00 price target on the stock in a report on Wednesday, July 31st. Finally, The Goldman Sachs Group started coverage on CEMEX in a report on Wednesday, July 10th. They issued a "buy" rating and a $9.00 target price on the stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Personalized Indexing Management LLC lifted its stake in CEMEX by 32.0% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 27,546 shares of the construction company's stock worth $213,000 after purchasing an additional 6,683 shares during the last quarter. Team Hewins LLC purchased a new stake in shares of CEMEX during the fourth quarter valued at $366,000. Chesapeake Capital Corp IL purchased a new stake in CEMEX in the fourth quarter valued at $368,000. Parallel Advisors LLC boosted its holdings in CEMEX by 11.5% in the fourth quarter. Parallel Advisors LLC now owns 14,006 shares of the construction company's stock valued at $109,000 after purchasing an additional 1,443 shares during the last quarter. Finally, Allianz Asset Management GmbH boosted its holdings in CEMEX by 5.0% in the fourth quarter. Allianz Asset Management GmbH now owns 682,877 shares of the construction company's stock valued at $5,292,000 after purchasing an additional 32,530 shares during the last quarter. Hedge funds and other institutional investors own 82.97% of the company's stock.

CEMEX Stock Performance

CEMEX stock traded up $0.08 during mid-day trading on Friday, reaching $6.44. 30,262,912 shares of the company's stock were exchanged, compared to its average volume of 8,334,024. The firm has a market capitalization of $9.33 billion, a PE ratio of 46.00 and a beta of 1.48. The business's fifty day simple moving average is $6.25 and its 200 day simple moving average is $7.16. The company has a quick ratio of 0.65, a current ratio of 0.90 and a debt-to-equity ratio of 0.53. CEMEX has a one year low of $5.50 and a one year high of $9.27.

CEMEX (NYSE:CX - Get Free Report) last announced its quarterly earnings results on Thursday, July 25th. The construction company reported $0.17 earnings per share for the quarter. CEMEX had a return on equity of 1.66% and a net margin of 1.05%. The company had revenue of $4.49 billion during the quarter. On average, sell-side analysts expect that CEMEX will post 0.84 earnings per share for the current year.

CEMEX Cuts Dividend

The company also recently disclosed a Variable dividend, which will be paid on Tuesday, September 24th. Stockholders of record on Friday, September 13th will be given a dividend of $0.021 per share. The ex-dividend date is Friday, September 13th. This represents a dividend yield of 0.7%. CEMEX's payout ratio is 28.57%.

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.