Cemex SAB de CV (NYSE:CX) was downgraded by stock analysts at ValuEngine from a “buy” rating to a “hold” rating in a note issued to investors on Sunday, December 31st.
Other equities analysts have also issued research reports about the company. Citigroup upgraded Cemex SAB de CV from a “neutral” rating to a “buy” rating and set a $10.00 target price on the stock in a research note on Tuesday, December 19th. Santander lowered Cemex SAB de CV from a “buy” rating to a “hold” rating in a research note on Tuesday, December 19th. Zacks Investment Research upgraded Cemex SAB de CV from a “sell” rating to a “hold” rating in a research note on Wednesday, November 15th. Finally, JPMorgan Chase & Co. dropped their price target on Cemex SAB de CV from $11.20 to $10.60 and set an “overweight” rating on the stock in a research note on Monday, October 30th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $10.87.
Shares of Cemex SAB de CV (NYSE:CX) opened at $7.75 on Friday. The company has a current ratio of 0.74, a quick ratio of 0.54 and a debt-to-equity ratio of 0.88. Cemex SAB de CV has a fifty-two week low of $7.09 and a fifty-two week high of $10.37. The stock has a market cap of $11,370.00, a P/E ratio of 13.60, a price-to-earnings-growth ratio of 0.96 and a beta of 1.32.
Cemex SAB de CV (NYSE:CX) last issued its quarterly earnings results on Thursday, October 26th. The construction company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.01). Cemex SAB de CV had a return on equity of 8.71% and a net margin of 8.38%. equities research analysts anticipate that Cemex SAB de CV will post 0.52 earnings per share for the current year.
A number of large investors have recently modified their holdings of CX. AMP Capital Investors Ltd grew its holdings in Cemex SAB de CV by 20.5% in the 3rd quarter. AMP Capital Investors Ltd now owns 835,865 shares of the construction company’s stock valued at $7,589,000 after buying an additional 142,286 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in Cemex SAB de CV by 6.7% in the 3rd quarter. Envestnet Asset Management Inc. now owns 244,729 shares of the construction company’s stock valued at $2,221,000 after buying an additional 15,313 shares in the last quarter. Financial Counselors Inc. grew its holdings in Cemex SAB de CV by 57.0% in the 3rd quarter. Financial Counselors Inc. now owns 42,260 shares of the construction company’s stock valued at $384,000 after buying an additional 15,350 shares in the last quarter. Stifel Financial Corp grew its holdings in Cemex SAB de CV by 27.6% in the 3rd quarter. Stifel Financial Corp now owns 175,261 shares of the construction company’s stock valued at $1,603,000 after buying an additional 37,864 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Cemex SAB de CV by 3.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 29,454,875 shares of the construction company’s stock worth $267,426,000 after purchasing an additional 1,063,387 shares during the period. Institutional investors own 40.36% of the company’s stock.
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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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