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 earned an average rating of “Moderate Buy” from the five analysts that are presently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $9.53.

A number of research firms have issued reports on CX. Barclays downgraded shares of CEMEX from an “overweight” rating to an “equal weight” rating and set a $9.00 price objective on the stock. in a report on Friday, February 9th. The Goldman Sachs Group lifted their price objective on shares of CEMEX from $9.00 to $10.00 and gave the stock a “buy” rating in a report on Friday. Bank of America downgraded shares of CEMEX from a “buy” rating to a “neutral” rating and set a $9.00 price objective on the stock. in a report on Wednesday, April 24th. Finally, StockNews.com raised shares of CEMEX from a “buy” rating to a “strong-buy” rating in a report on Friday.

Institutional Investors Weigh In On CEMEX

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Capital International Investors increased its position in shares of CEMEX by 0.5% during the fourth quarter. Capital International Investors now owns 28,003,151 shares of the construction company’s stock valued at $217,024,000 after buying an additional 152,587 shares during the period. Principal Financial Group Inc. grew its holdings in shares of CEMEX by 7.9% during the fourth quarter. Principal Financial Group Inc. now owns 20,833,868 shares of the construction company’s stock worth $161,462,000 after purchasing an additional 1,521,007 shares in the last quarter. Acadian Asset Management LLC grew its holdings in shares of CEMEX by 41.4% during the third quarter. Acadian Asset Management LLC now owns 18,924,664 shares of the construction company’s stock worth $122,996,000 after purchasing an additional 5,542,723 shares in the last quarter. Schroder Investment Management Group grew its holdings in shares of CEMEX by 17.6% during the fourth quarter. Schroder Investment Management Group now owns 9,840,263 shares of the construction company’s stock worth $76,262,000 after purchasing an additional 1,471,407 shares in the last quarter. Finally, American Century Companies Inc. grew its holdings in shares of CEMEX by 3.4% during the third quarter. American Century Companies Inc. now owns 9,744,804 shares of the construction company’s stock worth $63,341,000 after purchasing an additional 318,541 shares in the last quarter. 82.97% of the stock is currently owned by institutional investors.

CEMEX Stock Performance

NYSE:CX opened at $8.27 on Wednesday. The company has a fifty day moving average of $8.32 and a 200-day moving average of $7.65. The firm has a market capitalization of $11.98 billion, a P/E ratio of 59.07, a P/E/G ratio of 0.17 and a beta of 1.47. The company has a quick ratio of 0.47, a current ratio of 0.74 and a debt-to-equity ratio of 0.59. CEMEX has a twelve month low of $5.67 and a twelve month high of $9.27.

CEMEX (NYSE:CX) last released its quarterly earnings data on Thursday, February 8th. The construction company reported ($0.30) earnings per share for the quarter. CEMEX had a net margin of 1.28% and a return on equity of 1.81%. The company had revenue of $4.24 billion during the quarter. As a group, sell-side analysts anticipate that CEMEX will post 0.88 EPS for the current year.

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.