CEMEX (NYSE:CX) Sets New 52-Week High at $9.19

CEMEX, S.A.B. de C.V. (NYSE:CXGet Free Report)’s stock price reached a new 52-week high during trading on Wednesday . The stock traded as high as $9.19 and last traded at $9.18, with a volume of 4455246 shares changing hands. The stock had previously closed at $9.02.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Barclays downgraded CEMEX from an “overweight” rating to an “equal weight” rating and set a $9.00 price target for the company. in a report on Friday, February 9th. StockNews.com lowered CEMEX from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 9th. Finally, Bank of America upgraded shares of CEMEX from a “neutral” rating to a “buy” rating and upped their price target for the company from $8.20 to $9.00 in a research report on Tuesday, January 9th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $9.37.

Get Our Latest Stock Report on CEMEX

CEMEX Stock Up 1.4 %

The stock has a market cap of $13.26 billion, a price-to-earnings ratio of 75.17, a P/E/G ratio of 0.17 and a beta of 1.47. The company has a current ratio of 0.74, a quick ratio of 0.47 and a debt-to-equity ratio of 0.59. The firm’s 50 day moving average is $8.20 and its two-hundred day moving average is $7.39.

CEMEX (NYSE:CXGet Free Report) last posted its quarterly earnings data on Thursday, February 8th. The construction company reported ($0.30) earnings per share (EPS) for the quarter. The business had revenue of $4.24 billion for the quarter. CEMEX had a return on equity of 1.50% and a net margin of 1.06%. On average, sell-side analysts predict that CEMEX, S.A.B. de C.V. will post 0.94 EPS for the current year.

Hedge Funds Weigh In On CEMEX

Institutional investors and hedge funds have recently bought and sold shares of the stock. Capital International Investors increased its position in shares of CEMEX by 0.5% during the fourth quarter. Capital International Investors now owns 28,003,151 shares of the construction company’s stock worth $217,024,000 after acquiring an additional 152,587 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of CEMEX by 7.9% in the 4th quarter. Principal Financial Group Inc. now owns 20,833,868 shares of the construction company’s stock valued at $161,462,000 after purchasing an additional 1,521,007 shares in the last quarter. Acadian Asset Management LLC lifted its position in shares of CEMEX by 41.4% during the third quarter. Acadian Asset Management LLC now owns 18,924,664 shares of the construction company’s stock worth $122,996,000 after purchasing an additional 5,542,723 shares during the last quarter. Perpetual Ltd grew its stake in CEMEX by 42.3% in the fourth quarter. Perpetual Ltd now owns 11,304,101 shares of the construction company’s stock worth $87,607,000 after purchasing an additional 3,362,725 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in CEMEX by 4.2% during the first quarter. Dimensional Fund Advisors LP now owns 10,776,419 shares of the construction company’s stock valued at $59,585,000 after buying an additional 431,683 shares in the last quarter. Hedge funds and other institutional investors own 82.97% of the company’s stock.

CEMEX Company Profile

(Get Free Report)

CEMEX, SAB. de C.V., together with its subsidiaries, produces, markets, distributes, and sells cement, ready-mix concrete, aggregates, urbanization solutions, and other construction materials worldwide. The company also offers asphalt, concrete blocks, concrete block paving, rail sleepers, and flooring systems; architectural concrete products; and box culverts, bridges, drainage basins, barriers, and parking curbs.

Further Reading

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