Wall Street Zen Upgrades Cemex (NYSE:CX) to “Buy”

Cemex (NYSE:CX) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued on Tuesday.

Other analysts have also issued reports about the company. The Goldman Sachs Group lifted their price target on Cemex from $10.00 to $11.00 and gave the stock a “buy” rating in a research note on Friday, October 17th. JPMorgan Chase & Co. raised shares of Cemex from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $8.10 to $10.50 in a research note on Tuesday, August 26th. Bank of America raised shares of Cemex from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $10.00 to $10.80 in a research note on Wednesday, October 15th. Weiss Ratings restated a “hold (c)” rating on shares of Cemex in a research report on Wednesday, October 8th. Finally, Citigroup lowered shares of Cemex from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $9.00 to $10.00 in a research report on Monday, October 13th. Four analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $10.14.

Cemex Price Performance

Cemex stock opened at $10.29 on Tuesday. The company’s fifty day moving average price is $9.39 and its 200 day moving average price is $8.03. Cemex has a 1 year low of $4.89 and a 1 year high of $10.45. The stock has a market capitalization of $14.90 billion, a P/E ratio of 11.06, a P/E/G ratio of 1.17 and a beta of 1.51. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.61 and a current ratio of 0.91.

Cemex (NYSE:CX) last announced its earnings results on Tuesday, October 28th. The construction company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.15. Cemex had a net margin of 8.62% and a return on equity of 6.85%. The business had revenue of $230.56 million for the quarter, compared to analyst estimates of $226.73 million. As a group, equities research analysts anticipate that Cemex will post 0.69 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Cemex

Institutional investors and hedge funds have recently bought and sold shares of the company. Sequoia Financial Advisors LLC increased its holdings in shares of Cemex by 7.2% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 15,889 shares of the construction company’s stock valued at $143,000 after acquiring an additional 1,070 shares during the period. Vanguard Personalized Indexing Management LLC increased its stake in Cemex by 5.5% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 24,201 shares of the construction company’s stock valued at $218,000 after purchasing an additional 1,268 shares during the period. WealthCollab LLC increased its stake in Cemex by 73.7% in the second quarter. WealthCollab LLC now owns 3,724 shares of the construction company’s stock valued at $26,000 after purchasing an additional 1,580 shares during the period. B. Riley Wealth Advisors Inc. increased its stake in Cemex by 10.9% in the third quarter. B. Riley Wealth Advisors Inc. now owns 17,115 shares of the construction company’s stock valued at $154,000 after purchasing an additional 1,685 shares during the period. Finally, Yousif Capital Management LLC increased its stake in Cemex by 7.3% in the second quarter. Yousif Capital Management LLC now owns 25,159 shares of the construction company’s stock valued at $174,000 after purchasing an additional 1,710 shares during the period. 82.97% of the stock is currently owned by institutional investors and hedge funds.

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.