The equity analysts working for StockNews.com covered CEMEX on Thursday when they published a research report on the company that was distributed to clients and investors.
The brokerage firm advised their customers to “buy” shares of the construction company from them so that they could profit from the company.
When trading started on Thursday, a CX stock went for $4.87 per share.
During the previous twelve months, the price of CEMEX ranged from a low of $3.20 to an all-time high of $5.71.
The simple moving average price of the company’s shares over the past 50 days is $5.11, while the average price over the last 200 days is $4.34.
There is currently a debt-to-equity ratio of 0.72, a quick ratio of 0.52, and a current ratio of 0.82.
All three of these ratios are at their respective historic lows.
The stock has a beta value of 1.40, and the share price-to-earnings ratio is 8.25, while the price-to-earnings growth ratio is 0.53.
The price of the stock on the market is equivalent to $7.06 billion.
The company has been the subject of investigation in several separate research studies, which have all been carried out by various equity analysts. Goldman Sachs Group moved CEMEX’s rating from “neutral” to “buy” and raised its price target from $4.80 to $5.20 in a research report released on Thursday, February 16th. Redburn Partners disclosed their intention to begin covering CEMEX in a report made available to the general public on December 8th.
They have a “neutral” rating for the company, and their price objective for the stock is $4.90 per share.
The stock has been given a hold rating by all five research professionals, while only two have recommended buying it.
According to the data obtained from Bloomberg.com, the company currently has a consensus rating of “Hold,” and its average price goal is $5.38.
This information indicates that the price target set for the company should be $5.38.
Recently, several institutional investors have modified the distribution of their stock holdings within their portfolios to better align their investments with their investment strategies.
During the fourth quarter of 2018, CI Private Wealth LLC invested approximately 143,000 dollars in obtaining a new stake in CEMEX.
The CEMEX stock owned by Eqis Capital Management INC increased by 116.2% during the company’s fourth-quarter financial report.
After making an additional purchase of 17,504 shares of the construction company during the most recent quarter, Eqis Capital Management INC now has 32,563 shares of ownership.
Because of this, the company has a market value of $132,000 as of today’s closing price, which puts it in the small-cap category.
IPG Investment Advisors LLC completed the fourth quarter by increasing the amount of CEMEX stock owned by 15.6% over the previous quarter.
IPG Investment Advisors LLC now holds 6,344,302 shares of the construction company’s stock, which have a value of $25,694,000, thanks to the purchase of an additional 858,250 shares during the most recent quarter.
These shares were purchased during the most recent quarter.
During the last three months of 2018, Moore Capital Management LP amassed an additional 1.5% of CEMEX common stock, bringing the total percentage of the company’s shares that it owned to 14.5%.
Moore Capital Management LP is the current owner of 1,010,000 shares held by the construction company.
The current market value of these shares is $4,090,000.
This represents an increase of 15,000 new shares purchased during the most recent quarter of the company’s fiscal year.
And finally, during the final three months of 2018, Amundi saw a 44.1% increase in the shares it owned of CEMEX.
Amundi now owns 3,077,284 of the construction company’s stock, valued at $15,220,000, after purchasing an additional 942,183 shares during the most recent quarter.
These shares were purchased during the most recent quarter.
At this time, institutional investors hold a shareholding percentage in the company equivalent to 28.74 percent.
One example of a company that provides building supplies on a global scale is CEMEX SAB de CV, which operates in more than 100 countries.
It offers solutions to issues associated with urbanization, ready-mix concrete, cement, and aggregates.
The corporation’s operations serve the following regions: Mexico, the United States of America, South America, Central America, and the Caribbean; Europe, the Middle East, Africa, and Asia; and Mexico and the United States of America.