ValuEngine cut shares of Cemex (NYSE:CX) from a hold rating to a sell rating in a research report sent to investors on Friday.
CX has been the subject of several other reports. Barclays reduced their target price on Cemex from $11.00 to $10.00 and set an overweight rating for the company in a research report on Friday, March 16th. Santander cut Cemex from a buy rating to a hold rating in a report on Tuesday, December 19th. Citigroup raised Cemex from a neutral rating to a buy rating and set a $10.00 price objective for the company in a report on Tuesday, December 19th. Zacks Investment Research cut Cemex from a hold rating to a sell rating in a report on Tuesday, December 12th. Finally, UBS cut Cemex from a buy rating to a sell rating and cut their price objective for the company from $7.62 to $6.50 in a report on Thursday, February 15th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. Cemex presently has an average rating of Hold and a consensus target price of $8.82.
Shares of CX stock opened at $6.87 on Friday. The firm has a market capitalization of $10,046.64, a P/E ratio of 16.76, a PEG ratio of 0.64 and a beta of 1.37. Cemex has a one year low of $6.43 and a one year high of $10.37. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.64 and a quick ratio of 0.47.
Cemex (NYSE:CX) last issued its earnings results on Thursday, February 8th. The construction company reported ($0.07) EPS for the quarter. The firm had revenue of $3.42 billion during the quarter. Cemex had a return on equity of 5.85% and a net margin of 5.91%. sell-side analysts predict that Cemex will post 0.62 earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently modified their holdings of the business. Pitcairn Co. lifted its holdings in shares of Cemex by 10.4% during the fourth quarter. Pitcairn Co. now owns 74,519 shares of the construction company’s stock valued at $559,000 after acquiring an additional 7,019 shares during the period. Advisor Group Inc. increased its stake in shares of Cemex by 46.9% in the fourth quarter. Advisor Group Inc. now owns 22,809 shares of the construction company’s stock valued at $171,000 after buying an additional 7,283 shares in the last quarter. BB&T Securities LLC increased its stake in shares of Cemex by 27.2% in the third quarter. BB&T Securities LLC now owns 34,531 shares of the construction company’s stock valued at $313,000 after buying an additional 7,379 shares in the last quarter. ETRADE Capital Management LLC increased its stake in shares of Cemex by 30.7% in the fourth quarter. ETRADE Capital Management LLC now owns 60,128 shares of the construction company’s stock valued at $451,000 after buying an additional 14,134 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its stake in shares of Cemex by 6.7% in the third 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. 36.90% of the stock is owned by institutional investors.
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Cemex Company Profile
CEMEX, SAB. de C.V., together with its subsidiaries, produces, markets, distributes, and sells cement, ready-mix concrete, aggregates, clinker, and other construction materials. The company also offers various complementary construction products, including asphalt products; concrete blocks and roof tiles; architectural products; concrete pipes for storm and sanitary sewers applications; and other precast products comprising rail products, concrete floors, box culverts, bridges, drainage basins, barriers, and parking curbs.
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