Traders sold shares of Cemex SAB de CV (NYSE:CX) on strength during trading hours on Friday. $24.98 million flowed into the stock on the tick-up and $49.47 million flowed out of the stock on the tick-down, for a money net flow of $24.49 million out of the stock. Of all equities tracked, Cemex SAB de CV had the 9th highest net out-flow for the day. Cemex SAB de CV traded up $0.30 for the day and closed at $6.94
CX has been the topic of a number of research analyst reports. Citigroup raised Cemex SAB de CV from a “neutral” rating to a “buy” rating and set a $10.00 price target on the stock in a report on Tuesday, December 19th. Santander cut Cemex SAB de CV from a “buy” rating to a “hold” rating in a report on Tuesday, December 19th. ValuEngine cut Cemex SAB de CV from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Zacks Investment Research raised Cemex SAB de CV from a “sell” rating to a “hold” rating in a report on Thursday, February 1st. Finally, Bank of America lowered their price target on Cemex SAB de CV from $8.70 to $8.00 and set a “neutral” rating on the stock in a report on Monday, March 5th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $9.49.
The company has a debt-to-equity ratio of 0.84, a current ratio of 0.64 and a quick ratio of 0.47. The firm has a market capitalization of $9,944.42, a P/E ratio of 12.60, a PEG ratio of 0.64 and a beta of 1.48.
Large investors have recently added to or reduced their stakes in the business. BlueCrest Capital Management Ltd bought a new stake in Cemex SAB de CV in the 4th quarter worth approximately $132,000. Dixon Hubard Feinour & Brown Inc. VA bought a new stake in Cemex SAB de CV in the 3rd quarter worth approximately $156,000. Advisor Group Inc. increased its stake in Cemex SAB de CV by 46.9% in the 4th quarter. Advisor Group Inc. now owns 22,809 shares of the construction company’s stock worth $171,000 after acquiring an additional 7,283 shares during the last quarter. Stevens Capital Management LP bought a new stake in Cemex SAB de CV in the 3rd quarter worth approximately $197,000. Finally, Paloma Partners Management Co bought a new stake in Cemex SAB de CV in the 4th quarter worth approximately $220,000. 36.90% of the stock is currently owned by institutional investors and hedge funds.
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Cemex SAB de CV Company Profile
CEMEX, SAB. de C.V. (CEMEX) is an operating and holding company engaged, directly or indirectly, through its operating subsidiaries, primarily in the production, distribution, marketing and sale of cement, ready-mix concrete, aggregates, clinker and other construction materials throughout the world, and that provides construction-related services to customers and communities in over 50 countries throughout the world.
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