ValuEngine Downgrades Cemex SAB de CV (NYSE:CX) to Hold

Cemex SAB de CV (NYSE:CX) was downgraded by equities researchers at ValuEngine from a “buy” rating to a “hold” rating in a research note issued to investors on Sunday, December 31st.

Several other equities research analysts also recently issued reports on CX. Zacks Investment Research downgraded Cemex SAB de CV from a “hold” rating to a “sell” rating in a report on Tuesday, December 19th. Citigroup upgraded Cemex SAB de CV from a “neutral” rating to a “buy” rating and set a $10.00 price target for the company in a report on Tuesday, December 19th. Santander downgraded Cemex SAB de CV from a “buy” rating to a “hold” rating in a report on Tuesday, December 19th. Finally, JPMorgan Chase & Co. lowered their price target on Cemex SAB de CV from $11.20 to $10.60 and set an “overweight” rating for the company in a report on Monday, October 30th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $10.87.

Shares of Cemex SAB de CV (NYSE:CX) opened at $8.14 on Friday. The company has a market capitalization of $12,040.00, a PE ratio of 14.03, a P/E/G ratio of 0.98 and a beta of 1.32. The company has a quick ratio of 0.54, a current ratio of 0.74 and a debt-to-equity ratio of 0.88. Cemex SAB de CV has a fifty-two week low of $7.09 and a fifty-two week high of $10.37.

Cemex SAB de CV (NYSE:CX) last released its quarterly earnings data on Thursday, October 26th. The construction company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.01). Cemex SAB de CV had a net margin of 8.38% and a return on equity of 8.71%. equities analysts expect that Cemex SAB de CV will post 0.52 EPS for the current fiscal year.

Several large investors have recently bought and sold shares of CX. Bank of New York Mellon Corp grew its holdings in shares of Cemex SAB de CV by 21.7% during the second quarter. Bank of New York Mellon Corp now owns 25,719 shares of the construction company’s stock worth $242,000 after buying an additional 4,578 shares in the last quarter. Legal & General Group Plc grew its holdings in shares of Cemex SAB de CV by 5.6% during the second quarter. Legal & General Group Plc now owns 767,845 shares of the construction company’s stock worth $7,236,000 after buying an additional 40,443 shares in the last quarter. Neuberger Berman Group LLC bought a new position in shares of Cemex SAB de CV during the second quarter worth about $100,000. Cambridge Investment Research Advisors Inc. grew its holdings in shares of Cemex SAB de CV by 44.3% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 26,709 shares of the construction company’s stock worth $252,000 after buying an additional 8,200 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. grew its holdings in shares of Cemex SAB de CV by 9.4% during the second quarter. Oppenheimer Asset Management Inc. now owns 154,656 shares of the construction company’s stock worth $1,457,000 after buying an additional 13,309 shares in the last quarter. Institutional investors and hedge funds own 40.39% of the company’s stock.

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About Cemex SAB de CV

CEMEX, SAB. de C.V. (CEMEX) is an operating and holding company engaged, directly or indirectly, through its operating subsidiaries, primarily in the production, distribution, marketing and sale of cement, ready-mix concrete, aggregates, clinker and other construction materials throughout the world, and that provides construction-related services to customers and communities in over 50 countries throughout the world.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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