Shares of CEMEX, S.A.B. de C.V. (NYSE:CX – Get Free Report) have earned an average rating of “Hold” from the six ratings firms that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $9.46.
Several research firms have issued reports on CX. Bank of America cut shares of CEMEX from a “buy” rating to a “neutral” rating and set a $9.00 target price on the stock. in a research note on Wednesday, April 24th. Royal Bank of Canada assumed coverage on shares of CEMEX in a research report on Tuesday, May 14th. They set an “underperform” rating and a $9.00 price objective on the stock. StockNews.com upgraded shares of CEMEX from a “buy” rating to a “strong-buy” rating in a research report on Friday, April 26th. Finally, The Goldman Sachs Group raised their price objective on shares of CEMEX from $9.00 to $10.00 and gave the company a “buy” rating in a research report on Friday, April 26th.
Check Out Our Latest Report on CX
Institutional Investors Weigh In On CEMEX
CEMEX Stock Performance
Shares of CX stock opened at $6.50 on Thursday. The stock has a market capitalization of $9.42 billion, a P/E ratio of 46.43 and a beta of 1.47. The company has a current ratio of 0.78, a quick ratio of 0.51 and a debt-to-equity ratio of 0.54. The firm’s 50 day moving average is $7.70 and its 200 day moving average is $7.89. CEMEX has a 12 month low of $5.67 and a 12 month high of $9.27.
CEMEX (NYSE:CX – Get Free Report) last announced its quarterly earnings results on Monday, April 29th. The construction company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.04. CEMEX had a net margin of 1.28% and a return on equity of 1.82%. The company had revenue of $4.14 billion for the quarter. During the same quarter in the previous year, the company posted $0.15 earnings per share. On average, sell-side analysts anticipate that CEMEX will post 0.87 earnings per share for the current year.
CEMEX Announces Dividend
The firm also recently announced a Variable dividend, which will be paid on Wednesday, June 26th. Investors of record on Monday, June 17th will be issued a dividend of $0.349 per share. The ex-dividend date of this dividend is Monday, June 17th.
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.
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