Analysts Set CEMEX, S.A.B. de C.V. (NYSE:CX) PT at $7.82

Shares of CEMEX, S.A.B. de C.V. (NYSE:CX) have been assigned a consensus rating of “Hold” from the six analysts that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and three have given a buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $7.82.

A number of research analysts have commented on the stock. Royal Bank of Canada raised their target price 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. The Goldman Sachs Group raised their target price on shares of CEMEX from $8.00 to $9.00 and gave the company a “buy” rating in a research report on Thursday, February 27th.

CEMEX Trading Down 2.1 %

CX stock opened at $5.91 on Friday. The company has a market capitalization of $8.56 billion, a PE ratio of 9.37 and a beta of 1.45. CEMEX has a 12 month low of $5.00 and a 12 month high of $9.27. The firm’s 50-day moving average is $6.11 and its 200 day moving average is $5.88. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.82 and a quick ratio of 0.58.

CEMEX (NYSE:CX) last posted its quarterly earnings results on Thursday, February 13th. The construction company reported $0.16 EPS for the quarter, topping 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, research analysts anticipate that CEMEX will post 0.69 EPS for the current year.

CEMEX Announces Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, March 18th. Stockholders 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 currently 12.70%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. IFP Advisors Inc grew its position in shares of CEMEX by 159.1% in the 4th quarter. IFP Advisors Inc now owns 4,986 shares of the construction company’s stock worth $28,000 after buying an additional 3,062 shares during the last quarter. Barclays PLC boosted its stake in CEMEX by 41.8% in the 3rd quarter. Barclays PLC now owns 6,249 shares of the construction company’s stock worth $38,000 after purchasing an additional 1,843 shares in the last quarter. Townsquare Capital LLC acquired a new stake in CEMEX in the 4th quarter worth approximately $57,000. Dark Forest Capital Management LP acquired a new stake in CEMEX in the 4th quarter worth approximately $59,000. Finally, Raiffeisen Bank International AG acquired a new stake in CEMEX in the 4th quarter worth approximately $59,000. Hedge funds and other institutional investors own 82.97% of the company’s stock.

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.