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

Cemex S.A.B. de C.V. (NYSE:CX) has received an average rating of “Moderate Buy” from the twelve research firms that are covering the company, MarketBeat reports. Six analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $12.7722.

A number of equities research analysts have recently issued reports on CX shares. Weiss Ratings reissued a “hold (c)” rating on shares of Cemex in a research note on Wednesday, January 21st. Wall Street Zen downgraded shares of Cemex from a “strong-buy” rating to a “hold” rating in a research note on Sunday, May 3rd. Barclays reissued an “overweight” rating on shares of Cemex in a research note on Thursday, March 12th. JPMorgan Chase & Co. boosted their price target on shares of Cemex from $14.00 to $14.50 and gave the company an “overweight” rating in a research note on Friday, April 24th. Finally, Scotiabank boosted their price target on shares of Cemex from $13.90 to $14.10 and gave the company an “outperform” rating in a research note on Friday, April 10th.

Insider Activity

In other news, insider Herrera Jesus Vicente Gonzalez sold 35,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 28th. The shares were sold at an average price of $12.16, for a total value of $425,600.00. Following the sale, the insider directly owned 846,010 shares of the company’s stock, valued at approximately $10,287,481.60. The trade was a 3.97% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On Cemex

Several large investors have recently added to or reduced their stakes in the business. Dodge & Cox increased its stake in Cemex by 1.8% during the 3rd quarter. Dodge & Cox now owns 96,734,370 shares of the construction company’s stock worth $869,642,000 after buying an additional 1,710,535 shares during the period. Orbis Allan Gray Ltd increased its stake in Cemex by 3.5% during the 4th quarter. Orbis Allan Gray Ltd now owns 36,132,733 shares of the construction company’s stock worth $415,165,000 after buying an additional 1,225,219 shares during the period. Schroder Investment Management Group increased its stake in Cemex by 406.2% during the 4th quarter. Schroder Investment Management Group now owns 26,348,884 shares of the construction company’s stock worth $302,749,000 after buying an additional 21,143,554 shares during the period. Price T Rowe Associates Inc. MD increased its stake in Cemex by 11.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 21,191,754 shares of the construction company’s stock worth $243,494,000 after buying an additional 2,182,666 shares during the period. Finally, Wellington Management Group LLP increased its stake in Cemex by 10.9% during the 4th quarter. Wellington Management Group LLP now owns 18,737,871 shares of the construction company’s stock worth $215,298,000 after buying an additional 1,840,515 shares during the period. 82.97% of the stock is owned by hedge funds and other institutional investors.

Cemex Price Performance

Shares of CX stock opened at $12.71 on Thursday. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.87 and a quick ratio of 0.63. The firm’s 50-day moving average is $11.69 and its two-hundred day moving average is $11.64. Cemex has a 12 month low of $6.63 and a 12 month high of $13.67. The company has a market capitalization of $18.41 billion, a PE ratio of 39.71 and a beta of 1.51.

Cemex (NYSE:CX) last issued its earnings results on Tuesday, March 31st. The construction company reported $0.16 EPS for the quarter. Cemex had a net margin of 2.74% and a return on equity of 3.64%. Analysts predict that Cemex will post 0.92 earnings per share for the current year.

Cemex Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 19th. Stockholders of record on Wednesday, March 11th were paid a $0.0225 dividend. This is a positive change from Cemex’s previous quarterly dividend of $0.02. The ex-dividend date of this dividend was Wednesday, March 11th. This represents a $0.09 dividend on an annualized basis and a dividend yield of 0.7%. Cemex’s payout ratio is presently 28.13%.

Cemex Company Profile

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.