Cemex S.A.B. de C.V. (NYSE:CX) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Cemex S.A.B. de C.V. (NYSE:CX) have been assigned an average rating of “Moderate Buy” from the twelve analysts that are presently covering the company, MarketBeat reports. Five analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12-month price objective among analysts that have covered the stock in the last year is $12.7722.

Several equities analysts have recently issued reports on the company. Barclays reiterated an “overweight” rating on shares of Cemex in a research note on Thursday, March 12th. Wall Street Zen upgraded Cemex from a “hold” rating to a “buy” rating in a research note on Saturday, May 23rd. Weiss Ratings reiterated a “hold (c-)” rating on shares of Cemex in a research note on Tuesday, May 26th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $12.75 price target on shares of Cemex in a research note on Friday, April 24th. Finally, JPMorgan Chase & Co. lifted their price target on Cemex from $14.00 to $14.50 and gave the company an “overweight” rating in a research note on Friday, April 24th.

Insider Buying and Selling at Cemex

In related news, insider Herrera Jesus Vicente Gonzalez sold 35,000 shares of the firm’s stock in a transaction 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 owned 846,010 shares of the company’s stock, valued at $10,287,481.60. This trade represents a 3.97% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Cemex

Several hedge funds have recently modified their holdings of CX. Jones Financial Companies Lllp boosted its holdings in shares of Cemex by 334.7% during the 1st quarter. Jones Financial Companies Lllp now owns 9,189 shares of the construction company’s stock valued at $52,000 after acquiring an additional 7,075 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Cemex by 58.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 7,187,143 shares of the construction company’s stock valued at $40,320,000 after acquiring an additional 2,661,030 shares in the last quarter. Cetera Investment Advisers boosted its holdings in shares of Cemex by 53.2% during the 2nd quarter. Cetera Investment Advisers now owns 57,269 shares of the construction company’s stock valued at $397,000 after acquiring an additional 19,878 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Cemex by 256.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 4,298 shares of the construction company’s stock valued at $30,000 after acquiring an additional 3,093 shares in the last quarter. Finally, Invesco Ltd. boosted its holdings in shares of Cemex by 57.1% during the 2nd quarter. Invesco Ltd. now owns 50,480 shares of the construction company’s stock valued at $350,000 after acquiring an additional 18,348 shares in the last quarter. Institutional investors and hedge funds own 82.97% of the company’s stock.

Cemex Trading Up 2.0%

Shares of CX opened at $12.96 on Monday. Cemex has a 52-week low of $6.63 and a 52-week high of $13.67. The business’s fifty day moving average is $12.43 and its 200-day moving average is $11.96. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.63 and a current ratio of 0.87. The firm has a market cap of $18.77 billion, a price-to-earnings ratio of 40.49 and a beta of 1.51.

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

Cemex Increases Dividend

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