Cemex S.A.B. de C.V. (NYSE:CX) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Cemex S.A.B. de C.V. (NYSE:CX) have been assigned a consensus rating of “Moderate Buy” from the twelve brokerages that are covering the stock, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $12.7722.

A number of equities analysts have recently commented on the company. Weiss Ratings reiterated a “hold (c-)” rating on shares of Cemex in a research note on Tuesday, May 26th. Morgan Stanley upgraded Cemex from an “equal weight” rating to an “overweight” rating and set a $14.00 price objective on the stock in a research note on Monday, March 23rd. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $12.75 price objective on shares of Cemex in a research note on Friday, April 24th. Barclays restated an “overweight” rating on shares of Cemex in a research note on Thursday, March 12th. Finally, Santander upgraded Cemex to an “outperform” rating in a research note on Thursday.

Cemex Price Performance

NYSE CX opened at $12.96 on Monday. Cemex has a fifty-two week low of $6.63 and a fifty-two week high of $13.67. The stock’s 50-day moving average is $12.43 and its two-hundred day moving average is $11.98. 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 has a market cap of $18.77 billion, a P/E ratio of 40.49 and a beta of 1.51.

Cemex (NYSE:CX) last posted its earnings results on Tuesday, March 31st. The construction company reported $0.16 earnings per share for the quarter. Cemex had a return on equity of 3.64% and a net margin of 2.74%. On average, analysts anticipate that Cemex will post 0.91 earnings per share for the current fiscal year.

Cemex Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 29th. Shareholders of record on Wednesday, June 17th will be issued a dividend of $0.0312 per share. The ex-dividend date of this dividend is Wednesday, June 17th. This is a positive change from Cemex’s previous quarterly dividend of $0.02. This represents a $0.12 dividend on an annualized basis and a yield of 1.0%. Cemex’s dividend payout ratio (DPR) is presently 28.13%.

Insiders Place Their Bets

In other Cemex news, insider Herrera Jesus Vicente Gonzalez sold 35,000 shares of Cemex stock in a transaction that occurred on Tuesday, April 28th. The stock was sold at an average price of $12.16, for a total transaction 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On Cemex

Institutional investors have recently added to or reduced their stakes in the stock. NFSG Corp boosted its holdings in Cemex by 123.5% during the first quarter. NFSG Corp now owns 2,858 shares of the construction company’s stock valued at $33,000 after purchasing an additional 1,579 shares in the last quarter. Kestra Advisory Services LLC acquired a new position in shares of Cemex in the 4th quarter worth approximately $34,000. Ameriflex Group Inc. boosted its holdings in shares of Cemex by 100.0% in the 3rd quarter. Ameriflex Group Inc. now owns 3,488 shares of the construction company’s stock worth $31,000 after acquiring an additional 1,744 shares in the last quarter. WealthCollab LLC boosted its holdings in shares of Cemex by 73.7% in the 2nd quarter. WealthCollab LLC now owns 3,724 shares of the construction company’s stock worth $26,000 after acquiring an additional 1,580 shares in the last quarter. Finally, Reyes Financial Architecture Inc. acquired a new position in shares of Cemex in the 3rd quarter worth approximately $36,000. 82.97% of the stock is owned by institutional investors and hedge funds.

About Cemex

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.