CEMEX, S.A.B. de C.V. (NYSE:CX) Given Average Recommendation of “Hold” by Analysts

CEMEX, S.A.B. de C.V. (NYSE:CX – Get Rating) has been given an average rating of “Hold” by the eight brokerages that are presently covering the stock, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $6.28.

A number of analysts have commented on the stock. StockNews.com upgraded shares of CEMEX from a “buy” rating to a “strong-buy” rating in a research note on Tuesday. Citigroup cut shares of CEMEX from a “buy” rating to a “neutral” rating in a research note on Friday, May 5th. Bank of America lowered shares of CEMEX from a “buy” rating to a “neutral” rating and increased their price objective for the company from $6.80 to $7.20 in a research report on Monday, May 15th. Finally, The Goldman Sachs Group raised shares of CEMEX from a “neutral” rating to a “buy” rating and increased their price objective for the company from $5.90 to $9.00 in a research report on Wednesday, May 3rd.

Get CEMEX alerts:

CEMEX Stock Performance

Shares of CX opened at $6.72 on Wednesday. CEMEX has a 12 month low of $3.20 and a 12 month high of $6.85. The firm has a fifty day simple moving average of $6.06 and a 200 day simple moving average of $5.24. The stock has a market capitalization of $9.74 billion, a price-to-earnings ratio of 11.20, a PEG ratio of 0.80 and a beta of 1.42. The company has a current ratio of 0.92, a quick ratio of 0.60 and a debt-to-equity ratio of 0.54.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of CEMEX in the 3rd quarter valued at $664,000. Robeco Institutional Asset Management B.V. bought a new stake in shares of CEMEX in the 4th quarter valued at $11,559,000. Crossmark Global Holdings Inc. increased its stake in shares of CEMEX by 4.1% in the 4th quarter. Crossmark Global Holdings Inc. now owns 135,472 shares of the construction company’s stock valued at $549,000 after acquiring an additional 5,310 shares in the last quarter. UBS Asset Management Americas Inc. increased its stake in shares of CEMEX by 0.7% in the 3rd quarter. UBS Asset Management Americas Inc. now owns 26,740,557 shares of the construction company’s stock valued at $91,720,000 after acquiring an additional 173,514 shares in the last quarter. Finally, GFS Advisors LLC increased its stake in shares of CEMEX by 2.3% in the 4th quarter. GFS Advisors LLC now owns 964,000 shares of the construction company’s stock valued at $3,904,000 after acquiring an additional 21,850 shares in the last quarter. Institutional investors own 28.74% of the company’s stock.

About CEMEX

(Get Rating)

CEMEX SAB de CV operates as a global construction materials company. It offers cement, ready-mixconcrete, aggregates, and urbanization solutions. The firm operates through the following geographical segments: Mexico, United States, Europe, Middle East, Africa and Asia (EMEAA) and South, Central America and the Caribbean (SCA&C).

See Also

• Get a free copy of the StockNews.com research report on CEMEX (CX)
• Is American Airlines a Good Stock to Buy?
• High Dividend REITs: Are They an Ideal Way to Diversify?
• It Is Not Too Late To “Git” On Board With GitLab 
• Is Frontline’s 20% Dividend Too Good To Be True?
• Hospitality’s Rebound Has A Table At Cracker Barrel

Receive News & Ratings for CEMEX Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CEMEX and related companies with MarketBeat.com's FREE daily email newsletter.