StockNews.com Downgrades CEMEX (NYSE:CX) to Hold

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

A number of other equities research analysts also recently commented on CX. Morgan Stanley downgraded shares of CEMEX from an "overweight" rating to an "equal weight" rating in a research report on Wednesday, March 26th. Royal Bank of Canada boosted their target price on shares of CEMEX from $5.00 to $6.00 and gave the stock an "underperform" rating in a research note on Monday, February 10th. Finally, The Goldman Sachs Group raised their price target on CEMEX from $8.00 to $9.00 and gave the company a "buy" rating in a research note on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, CEMEX currently has a consensus rating of "Hold" and an average price target of $7.82.

CEMEX Stock Up 3.1 %

Shares of NYSE CX traded up $0.16 during midday trading on Tuesday, 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. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.82 and a quick ratio of 0.58. The firm has a market capitalization of $7.50 billion, a price-to-earnings ratio of 8.21 and a beta of 1.28. The business's fifty day simple moving average is $6.05 and its two-hundred day simple moving average is $5.82. CEMEX has a 1 year low of $4.89 and a 1 year high of $8.71.

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CEMEX (NYSE:CX - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The construction company reported $0.16 EPS for the quarter, beating the consensus estimate 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 predict that CEMEX will post 0.69 EPS for the current year.

CEMEX Dividend Announcement

The company also recently announced 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 was Monday, March 10th. CEMEX's dividend payout ratio (DPR) is currently 12.70%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in CX. NBC Securities Inc. lifted its position in CEMEX by 111,708.6% during the 1st quarter. NBC Securities Inc. now owns 64,849 shares of the construction company's stock worth $363,000 after acquiring an additional 64,791 shares during the period. Legacy Wealth Asset Management LLC lifted its holdings in shares of CEMEX by 3.4% during the first quarter. Legacy Wealth Asset Management LLC now owns 77,957 shares of the construction company's stock worth $437,000 after purchasing an additional 2,570 shares during the period. GAMMA Investing LLC grew its position in CEMEX by 1,188.4% in the 1st quarter. GAMMA Investing LLC now owns 21,155 shares of the construction company's stock valued at $119,000 after buying an additional 19,513 shares during the last quarter. Vise Technologies Inc. acquired a new position in CEMEX in the 4th quarter valued at $220,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in CEMEX by 30.6% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 40,745,819 shares of the construction company's stock worth $229,806,000 after buying an additional 9,541,622 shares during the last quarter. Hedge funds and other 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.