Brokerages Set Cemex S.A.B. de C.V. (NYSE:CX) PT at $10.52

Shares of Cemex S.A.B. de C.V. (NYSE:CX) have been assigned a consensus rating of “Hold” from the thirteen analysts that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $11.0389.

Several research analysts have recently commented on the stock. Zacks Research raised shares of Cemex from a “hold” rating to a “strong-buy” rating in a report on Monday. HSBC cut shares of Cemex to a “hold” rating and set a $12.80 target price on the stock. in a report on Friday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Cemex in a report on Wednesday, January 21st. The Goldman Sachs Group raised their price target on Cemex from $10.00 to $11.00 and gave the stock a “buy” rating in a report on Friday, October 17th. Finally, Citigroup lowered Cemex from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $9.00 to $10.00 in a research report on Monday, October 13th.

Cemex Price Performance

Shares of NYSE CX opened at $11.95 on Tuesday. The company has a current ratio of 0.91, a quick ratio of 0.67 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $17.32 billion, a price-to-earnings ratio of 12.85, a price-to-earnings-growth ratio of 0.82 and a beta of 1.61. Cemex has a twelve month low of $4.89 and a twelve month high of $13.35. The business has a 50 day simple moving average of $11.90 and a 200-day simple moving average of $10.19.

Cemex Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 23rd. Stockholders of record on Monday, December 15th were issued a dividend of $0.0224 per share. The ex-dividend date of this dividend was Monday, December 15th. This represents a $0.09 annualized dividend and a dividend yield of 0.7%. Cemex’s payout ratio is 9.68%.

Institutional Trading of Cemex

Several hedge funds have recently bought and sold shares of the company. May Hill Capital LLC acquired a new position in Cemex during the 4th quarter valued at about $188,000. D Orazio & Associates Inc. raised its holdings in shares of Cemex by 83.8% during the fourth quarter. D Orazio & Associates Inc. now owns 23,703 shares of the construction company’s stock valued at $272,000 after buying an additional 10,809 shares during the last quarter. Diversify Wealth Management LLC boosted its position in shares of Cemex by 8.8% during the fourth quarter. Diversify Wealth Management LLC now owns 136,124 shares of the construction company’s stock worth $1,682,000 after buying an additional 11,052 shares during the period. MGO One Seven LLC grew its holdings in Cemex by 66.7% in the 4th quarter. MGO One Seven LLC now owns 24,825 shares of the construction company’s stock worth $285,000 after buying an additional 9,934 shares in the last quarter. Finally, Sequoia Financial Advisors LLC increased its position in Cemex by 5.7% in the 4th quarter. Sequoia Financial Advisors LLC now owns 16,802 shares of the construction company’s stock valued at $193,000 after acquiring an additional 913 shares during the period. 82.97% of the stock is currently owned by institutional investors.

About Cemex

Cemex (NYSE: CX) is a global building materials company headquartered in Monterrey, Mexico. The company produces, distributes and sells cement, ready-mix concrete and aggregates, as well as related building materials, to construction markets in more than 50 countries. Cemex’s product portfolio also includes asphalt and mortar mixes, waste-derived fuels and other complementary construction solutions, supported by a network of production facilities, distribution centers and logistics operations.

Founded in 1906 as Cementos Hidalgo, the company adopted the Cemex name in 1976 following a series of domestic mergers and expansions.