Cemex SAB de CV (CX) Given Consensus Recommendation of “Hold” by Analysts

Cemex SAB de CV (NYSE:CX) has received a consensus rating of “Hold” from the thirteen ratings firms that are covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, six have given a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $8.86.

Several equities research analysts recently issued reports on CX shares. BNP Paribas lowered shares of Cemex SAB de CV from an “outperform” rating to a “neutral” rating in a report on Tuesday, July 31st. Exane BNP Paribas lowered shares of Cemex SAB de CV from an “outperform” rating to a “neutral” rating in a report on Tuesday, July 31st. Zacks Investment Research raised shares of Cemex SAB de CV from a “sell” rating to a “hold” rating in a report on Thursday, August 9th. HSBC lowered shares of Cemex SAB de CV from a “buy” rating to a “hold” rating and set a $8.00 target price for the company. in a report on Thursday, August 16th. Finally, Citigroup set a $10.00 target price on shares of Cemex SAB de CV and gave the stock a “buy” rating in a report on Tuesday, September 4th.

Hedge funds have recently bought and sold shares of the business. Baird Financial Group Inc. boosted its stake in Cemex SAB de CV by 53.3% in the 2nd quarter. Baird Financial Group Inc. now owns 50,766 shares of the construction company’s stock worth $333,000 after purchasing an additional 17,643 shares during the period. Atria Investments LLC bought a new position in Cemex SAB de CV in the 2nd quarter worth approximately $404,000. FNY Investment Advisers LLC bought a new position in Cemex SAB de CV in the 2nd quarter worth approximately $526,000. Pinebridge Investments L.P. boosted its stake in Cemex SAB de CV by 338.3% in the 2nd quarter. Pinebridge Investments L.P. now owns 389,637 shares of the construction company’s stock worth $2,556,000 after purchasing an additional 300,740 shares during the period. Finally, United Services Automobile Association boosted its stake in Cemex SAB de CV by 17.7% in the 2nd quarter. United Services Automobile Association now owns 754,340 shares of the construction company’s stock worth $4,948,000 after purchasing an additional 113,172 shares during the period. Institutional investors and hedge funds own 33.46% of the company’s stock.

Cemex SAB de CV stock traded down $0.01 during midday trading on Monday, hitting $5.31. The stock had a trading volume of 18,479,243 shares, compared to its average volume of 11,119,619. The firm has a market capitalization of $8.24 billion, a price-to-earnings ratio of 12.95, a P/E/G ratio of 0.61 and a beta of 1.72. Cemex SAB de CV has a 52-week low of $4.79 and a 52-week high of $8.51. The company has a current ratio of 0.81, a quick ratio of 0.57 and a debt-to-equity ratio of 0.83.

About Cemex SAB de CV

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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Analyst Recommendations for Cemex SAB de CV (NYSE:CX)

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