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.
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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
Shares of CX stock opened at $3.93 on Monday. The stock has a fifty day moving average price of $4.07 and a 200 day moving average price of $4.44. The stock has a market cap of $5.78 billion, a PE ratio of 20.69, a P/E/G ratio of 0.55 and a beta of 1.32. CEMEX has a 1 year low of $3.22 and a 1 year high of $8.17. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.60 and a current ratio of 0.87.
About CEMEX
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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.
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