Cemex SAB de CV (CX) Downgraded by Santander to “Hold”

Santander downgraded shares of Cemex SAB de CV (NYSE:CX) from a buy rating to a hold rating in a report issued on Tuesday, December 19th, The Fly reports.

CX has been the topic of several other reports. Bank of America lowered shares of Cemex SAB de CV from a buy rating to a neutral rating and boosted their price objective for the company from $10.60 to $10.70 in a report on Tuesday, August 29th. ValuEngine lowered shares of Cemex SAB de CV from a buy rating to a hold rating in a research note on Saturday, September 30th. Zacks Investment Research lowered shares of Cemex SAB de CV from a hold rating to a sell rating in a research note on Wednesday, October 4th. JPMorgan Chase & Co. cut their price target on shares of Cemex SAB de CV from $11.20 to $10.60 and set an overweight rating on the stock in a research note on Monday, October 30th. Finally, Citigroup upgraded shares of Cemex SAB de CV from a sell rating to a neutral rating and set a $9.00 target price on the stock in a research note on Monday, October 23rd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, seven have given a buy rating and two have given a strong buy rating to the company. Cemex SAB de CV has an average rating of Buy and a consensus price target of $10.87.

Cemex SAB de CV (NYSE CX) traded up $0.19 on Tuesday, reaching $7.94. 11,723,189 shares of the company’s stock were exchanged, compared to its average volume of 13,377,961. The company has a quick ratio of 0.54, a current ratio of 0.74 and a debt-to-equity ratio of 0.88. The stock has a market cap of $11,620.00, a price-to-earnings ratio of 14.18, a PEG ratio of 0.96 and a beta of 1.32. Cemex SAB de CV has a 12 month low of $7.09 and a 12 month high of $10.37.

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

Hedge funds have recently made changes to their positions in the company. Hosking Partners LLP boosted its stake in shares of Cemex SAB de CV by 1.1% during the second quarter. Hosking Partners LLP now owns 7,115,112 shares of the construction company’s stock valued at $67,024,000 after acquiring an additional 78,818 shares during the last quarter. Maverick Capital Ltd. acquired a new stake in shares of Cemex SAB de CV during the second quarter valued at $835,000. Legal & General Group Plc boosted its stake in Cemex SAB de CV by 5.6% in the 2nd 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 during the last quarter. Vanguard Group Inc. lifted its stake in shares of Cemex SAB de CV by 5.3% in the 1st quarter. Vanguard Group Inc. now owns 1,553,703 shares of the construction company’s stock valued at $14,092,000 after purchasing an additional 77,948 shares in the last quarter. Finally, American Century Companies Inc. raised its holdings in shares of Cemex SAB de CV by 34.4% during the 2nd quarter. American Century Companies Inc. now owns 1,760,292 shares of the construction company’s stock valued at $16,582,000 after buying an additional 450,400 shares during the period. Institutional investors and hedge funds own 40.36% 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.

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