Zacks Investment Research cut shares of Cemex SAB de CV (NYSE:CX) from a hold rating to a sell rating in a research note issued to investors on Monday morning, Zacks.com reports.

According to Zacks, “CEMEX is one of the largest cement companies in the world, with close to 78 million metric tons of production capacity. Through operating subsidiaries in four continents, they are engaged in the production, distribution, marketing and sale of cement, ready-mix concrete, aggregates and clinker. They are also the world’s leading producer of white cement and the world’s largest trader of cement and clinker. “

Other equities analysts also recently issued reports about the company. ValuEngine upgraded Zynerba Pharmaceuticals from a hold rating to a buy rating in a research report on Tuesday, April 30th. Goldman Sachs Group set a €11.00 ($12.79) price objective on Suedzucker and gave the stock a neutral rating in a research report on Wednesday, April 10th. Finally, Morgan Stanley raised their price objective on Thomson Reuters from $66.00 to $67.00 and gave the stock an overweight rating in a research report on Monday, April 29th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of Hold and an average target price of $7.50.

Shares of CX opened at $4.05 on Monday. Cemex SAB de CV has a 1 year low of $3.94 and a 1 year high of $7.60. The company has a quick ratio of 0.47, a current ratio of 0.66 and a debt-to-equity ratio of 0.81. The company has a market capitalization of $5.99 billion, a P/E ratio of 11.57, a price-to-earnings-growth ratio of 0.64 and a beta of 1.48. The business’s 50-day moving average is $4.18.

Cemex SAB de CV (NYSE:CX) last issued its quarterly earnings data on Thursday, April 25th. The construction company reported ($0.01) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.05 by ($0.06). Cemex SAB de CV had a return on equity of 4.41% and a net margin of 3.97%. The company had revenue of $3.24 billion for the quarter. On average, research analysts predict that Cemex SAB de CV will post 0.43 EPS for the current fiscal year.

The firm also recently announced an annual dividend, which was paid on Tuesday, June 18th. Investors of record on Friday, June 14th were paid a dividend of $0.0499 per share. The ex-dividend date of this dividend was Monday, June 17th. This represents a yield of 1.22%. Cemex SAB de CV’s dividend payout ratio is currently 14.29%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CX. Cambridge Investment Research Advisors Inc. acquired a new position in Cemex SAB de CV during the fourth quarter worth about $100,000. LPL Financial LLC raised its position in Cemex SAB de CV by 8.0% during the fourth quarter. LPL Financial LLC now owns 106,112 shares of the construction company’s stock worth $511,000 after acquiring an additional 7,901 shares during the last quarter. BlackRock Inc. raised its position in Cemex SAB de CV by 8.7% during the fourth quarter. BlackRock Inc. now owns 20,250,814 shares of the construction company’s stock worth $97,608,000 after acquiring an additional 1,629,209 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in Cemex SAB de CV by 5.5% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 297,193 shares of the construction company’s stock worth $1,432,000 after acquiring an additional 15,557 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. acquired a new position in Cemex SAB de CV during the fourth quarter worth about $95,000. 32.28% of the stock is owned by institutional investors and hedge funds.

Cemex SAB de CV Company Profile

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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