Cemex S.A.B. de C.V. (NYSE:CX) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Cemex S.A.B. de C.V. (NYSE:CX) has been given a consensus rating of “Moderate Buy” by the twelve analysts that are presently covering the company, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $13.0667.

A number of analysts have recently weighed in on the company. Barclays upped their price objective on Cemex from $15.00 to $16.00 and gave the stock an “overweight” rating in a research report on Friday, July 24th. Weiss Ratings reissued a “hold (c-)” rating on shares of Cemex in a research note on Friday, August 21st. Santander upgraded Cemex to an “outperform” rating in a report on Thursday, June 11th. Scotiabank increased their price target on Cemex from $14.10 to $14.50 and gave the company an “outperform” rating in a research report on Tuesday, July 14th. Finally, Wall Street Zen cut Cemex from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th.

Insider Activity at Cemex

In other news, VP De La Garza Oscar Bal Elizondo sold 212,680 shares of Cemex stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $10.68, for a total transaction of $2,271,422.40. Following the sale, the vice president owned 289,490 shares in the company, valued at approximately $3,091,753.20. The trade was a 42.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On Cemex

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Capital Wealth Planning LLC grew its holdings in shares of Cemex by 137.2% during the fourth quarter. Capital Wealth Planning LLC now owns 487,739 shares of the construction company’s stock worth $5,643,000 after buying an additional 282,149 shares during the last quarter. Pinnbrook Capital Management LP purchased a new stake in Cemex during the 4th quarter valued at approximately $10,669,000. Employees Retirement System of Texas lifted its position in Cemex by 130.0% during the 4th quarter. Employees Retirement System of Texas now owns 453,092 shares of the construction company’s stock worth $5,206,000 after acquiring an additional 256,133 shares during the period. Sei Investments Co. lifted its position in Cemex by 7.4% during the 1st quarter. Sei Investments Co. now owns 4,150,537 shares of the construction company’s stock worth $47,482,000 after acquiring an additional 287,350 shares during the period. Finally, Militia Capital Management LLC acquired a new position in shares of Cemex in the first quarter valued at approximately $1,086,000. Hedge funds and other institutional investors own 82.97% of the company’s stock.

Cemex Trading Up 1.9%

NYSE CX opened at $10.21 on Wednesday. The firm has a 50 day simple moving average of $11.25 and a 200-day simple moving average of $11.78. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.68 and a current ratio of 0.92. Cemex has a one year low of $8.73 and a one year high of $13.67. The firm has a market cap of $14.80 billion, a price-to-earnings ratio of 30.05 and a beta of 1.52.

Cemex (NYSE:CX) last released its earnings results on Tuesday, June 30th. The construction company reported $0.24 earnings per share (EPS) for the quarter. Cemex had a net margin of 2.83% and a return on equity of 3.82%. The company had revenue of $4.59 billion for the quarter. Equities research analysts anticipate that Cemex will post 0.91 EPS for the current fiscal year.

Cemex Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Shareholders of record on Tuesday, September 15th will be issued a dividend of $0.0312 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $0.12 dividend on an annualized basis and a yield of 1.2%. Cemex’s dividend payout ratio (DPR) is presently 35.29%.

Cemex Company Profile

CEMEX, SAB. de C.V. (NYSE: CX) is a global building materials company headquartered in Monterrey, Mexico. Its primary businesses include the production, distribution and sale of cement, ready-mix concrete and aggregates, which are used in residential, commercial and infrastructure construction.

The company also provides urbanization and building solutions, including paving materials, concrete products and related services intended to support construction projects from planning through completion.