CEMEX, S.A.B. de C.V. (NYSE:CX – Get Rating) has earned a consensus rating of "Moderate Buy" from the eight ratings firms that are covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $8.24.

Several equities analysts recently issued reports on the company. StockNews.com cut CEMEX from a "strong-buy" rating to a "buy" rating in a report on Wednesday, August 31st. Berenberg Bank cut CEMEX from a "buy" rating to a "hold" rating in a report on Friday, June 10th.

Institutional Investors Weigh In On CEMEX

A number of institutional investors have recently added to or reduced their stakes in CX. Veriti Management LLC boosted its position in shares of CEMEX by 75.0% in the first quarter. Veriti Management LLC now owns 33,725 shares of the construction company's stock worth $178,000 after buying an additional 14,453 shares during the period. Oaktree Capital Management LP lifted its stake in shares of CEMEX by 4.0% in the fourth quarter. Oaktree Capital Management LP now owns 25,452,572 shares of the construction company's stock worth $172,568,000 after acquiring an additional 984,447 shares in the last quarter. TCI Wealth Advisors Inc. acquired a new position in shares of CEMEX in the first quarter worth about $118,000. Provida Pension Fund Administrator acquired a new position in shares of CEMEX in the fourth quarter worth about $715,000. Finally, QCM Cayman Ltd. acquired a new position in shares of CEMEX in the first quarter worth about $57,000. Hedge funds and other institutional investors own 29.19% of the company's stock.

CEMEX Stock Performance

About CEMEX

(Get Rating)

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 various complementary construction products, including asphalt products; concrete blocks; roof tiles; architectural products; concrete pipes for storm and sanitary sewers applications; and other precast products, such as rail products, concrete floors, box culverts, bridges, drainage basins, barriers, and parking curbs.

See Also

• Get a free copy of the StockNews.com research report on CEMEX (CX)
• Could Snap Stock Rebound As Management Restructures?
• MarketBeat: Week in Review 8/29 – 9/2
• Hormel Looks Cheap At These Levels
• Lululemon Set To Soar Into September
• Could Nike Stock be Oversold, but Still Overvalued?

Receive News & Ratings for CEMEX Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CEMEX and related companies with MarketBeat.com's FREE daily email newsletter.