CEMEX (NYSE:CX) Rating Increased to Strong-Buy at StockNews.com

CEMEX (NYSE:CX) was upgraded by stock analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research report issued on Friday.

CX has been the topic of a number of other reports. Barclays cut shares of CEMEX from an “overweight” rating to an “equal weight” rating and set a $9.00 price target on the stock. in a research report on Friday, February 9th. The Goldman Sachs Group increased their price target on shares of CEMEX from $9.00 to $10.00 and gave the company a “buy” rating in a research report on Friday. Finally, Bank of America cut shares of CEMEX from a “buy” rating to a “neutral” rating and set a $9.00 price target on the stock. in a research report on Wednesday. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $9.53.

CEMEX Stock Up 1.1 %

CX stock opened at $8.27 on Friday. The company has a current ratio of 0.74, a quick ratio of 0.47 and a debt-to-equity ratio of 0.59. The company’s 50 day moving average is $8.32 and its 200 day moving average is $7.63. The stock has a market cap of $11.98 billion, a price-to-earnings ratio of 59.07, a price-to-earnings-growth ratio of 0.17 and a beta of 1.47. CEMEX has a 1-year low of $5.67 and a 1-year high of $9.27.

CEMEX (NYSE:CX) last posted its quarterly earnings data on Thursday, February 8th. The construction company reported ($0.30) earnings per share for the quarter. CEMEX had a return on equity of 1.81% and a net margin of 1.28%. The company had revenue of $4.24 billion during the quarter. Sell-side analysts predict that CEMEX will post 0.88 EPS for the current fiscal year.

Institutional Trading of CEMEX

A number of institutional investors have recently made changes to their positions in CX. Acadian Asset Management LLC boosted its stake in shares of CEMEX by 41.4% during the third quarter. Acadian Asset Management LLC now owns 18,924,664 shares of the construction company’s stock valued at $122,996,000 after purchasing an additional 5,542,723 shares during the period. AQR Capital Management LLC lifted its stake in CEMEX by 35.5% in the third quarter. AQR Capital Management LLC now owns 9,684,043 shares of the construction company’s stock worth $62,946,000 after acquiring an additional 2,535,112 shares during the period. Sei Investments Co. lifted its stake in CEMEX by 146.8% in the third quarter. Sei Investments Co. now owns 3,010,503 shares of the construction company’s stock worth $19,568,000 after acquiring an additional 1,790,588 shares during the period. Qube Research & Technologies Ltd lifted its stake in CEMEX by 701.6% in the third quarter. Qube Research & Technologies Ltd now owns 1,848,325 shares of the construction company’s stock worth $12,014,000 after acquiring an additional 1,617,750 shares during the period. Finally, Principal Financial Group Inc. lifted its stake in CEMEX by 7.9% in the fourth quarter. Principal Financial Group Inc. now owns 20,833,868 shares of the construction company’s stock worth $161,462,000 after acquiring an additional 1,521,007 shares during the period. Hedge funds and other institutional investors own 82.97% of the company’s stock.

About CEMEX

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 and services worldwide. The company offers gray ordinary portland, white portland, oil-well, and blended cement products; mortar; and standard ready-mix, architectural and decorative, rapid-setting, fiber-reinforced, fluid-fill, roller-compacted, self-consolidating, pervious, and antibacterial, and other concrete products.