Cemex (NYSE:CX) Upgraded at Wall Street Zen

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

Other equities research analysts have also issued research reports about the stock. Bradesco Corretora raised shares of Cemex from a “neutral” rating to an “outperform” rating and set a $14.00 price objective on the stock in a report on Thursday. Citigroup upgraded Cemex from a “neutral” rating to a “buy” rating and reduced their target price for the stock from $13.70 to $12.00 in a report on Thursday, October 15th. Weiss Ratings raised shares of Cemex from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday. Scotiabank decreased their target price on shares of Cemex from $14.50 to $13.80 and set a “sector outperform” rating for the company in a research report on Tuesday. Finally, Royal Bank Of Canada upped their price objective on Cemex from $13.25 to $13.75 and gave the stock a “sector perform” rating in a research note on Tuesday. Seven research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $13.92.

Cemex Trading Down 1.0%

NYSE:CX opened at $10.72 on Friday. The firm has a market cap of $15.53 billion, a price-to-earnings ratio of 22.10 and a beta of 1.51. The company’s 50 day moving average is $10.24 and its 200-day moving average is $11.65. Cemex has a 12 month low of $9.30 and a 12 month high of $13.67. The company has a quick ratio of 0.68, a current ratio of 0.95 and a debt-to-equity ratio of 0.37.

Cemex (NYSE:CX) last released its earnings results on Monday, October 26th. The construction company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.25 by $0.03. The firm had revenue of $4.59 billion during the quarter, compared to analysts’ expectations of $4.47 billion. Cemex had a net margin of 3.60% and a return on equity of 5.18%. Equities analysts anticipate that Cemex will post 0.87 EPS for the current year.

Insiders Place Their Bets

In other news, Director Zambrano Lozano acquired 400,800 shares of Cemex stock in a transaction on Friday, September 25th. The shares were purchased at an average cost of $17.28 per share, for a total transaction of $6,925,824.00. Following the completion of the purchase, the director directly owned 10,000,000 shares of the company’s stock, valued at approximately $172,800,000. This represents a 4.18% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Mauricio Doehner sold 927,900 shares of the business’s stock in a transaction that occurred on Wednesday, September 30th. The shares were sold at an average price of $9.57, for a total transaction of $8,880,003.00. Following the transaction, the executive vice president owned 584,930 shares of the company’s stock, valued at approximately $5,597,780.10. This represents a 61.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.00% of the company’s stock.

Institutional Trading of Cemex

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Robeco Institutional Asset Management B.V. boosted its stake in shares of Cemex by 10.1% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 21,224,097 shares of the construction company’s stock valued at $201,841,000 after purchasing an additional 1,951,012 shares during the last quarter. Sei Investments Co. increased its stake in Cemex by 7.4% in the 1st quarter. Sei Investments Co. now owns 4,150,537 shares of the construction company’s stock valued at $47,482,000 after buying an additional 287,350 shares during the last quarter. Lazard Asset Management LLC boosted its stake in Cemex by 14.4% in the first quarter. Lazard Asset Management LLC now owns 4,046,527 shares of the construction company’s stock valued at $46,292,000 after acquiring an additional 508,016 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its stake in shares of Cemex by 1,747.0% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 3,646,000 shares of the construction company’s stock worth $41,710,000 after acquiring an additional 3,448,600 shares during the period. Finally, Amundi boosted its holdings in Cemex by 9.3% in the 1st quarter. Amundi now owns 3,115,879 shares of the construction company’s stock worth $35,646,000 after buying an additional 264,248 shares during the period. 82.97% of the stock is currently owned by institutional investors.

Cemex Company Profile

Cemex, SAB. de C.V. is a global building materials company headquartered in San Pedro Garza García, Mexico. The company produces and markets cement, ready-mix concrete, aggregates and related construction materials used in residential, commercial and infrastructure projects.

Cemex also provides construction solutions and services, including materials distribution, logistics and digital tools designed to support contractors, builders and other customers. Its products serve a broad range of applications, from housing and commercial development to roads, bridges, airports and other major infrastructure.

Founded in Mexico in 1906, Cemex has expanded through organic growth and acquisitions into an international business serving customers across the Americas, Europe, Africa, the Middle East and Asia.