CEMEX (CX) Stock Forecast, Price & News

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for CEMEX in the last twelve months. There are currently 3 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" CX shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CX, but not buy additional shares or sell existing shares.
View CX analyst ratings or view top-rated stocks.

5 brokers have issued 12 month price targets for CEMEX's stock. Their CX share price forecasts range from $4.90 to $12.00. On average, they predict the company's share price to reach $8.52 in the next year. This suggests a possible upside of 32.0% from the stock's current price.
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CEMEX's stock was trading at $4.05 at the beginning of 2023. Since then, CX stock has increased by 59.3% and is now trading at $6.45.
View the best growth stocks for 2023 here.

CEMEX saw a decline in short interest during the month of September. As of September 15th, there was short interest totaling 3,950,000 shares, a decline of 32.6% from the August 31st total of 5,860,000 shares. Based on an average daily trading volume, of 7,130,000 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.3% of the shares of the stock are sold short.
View CEMEX's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 26th 2023.
View our CX earnings forecast.

CEMEX, S.A.B. de C.V. (NYSE:CX) issued its quarterly earnings data on Thursday, July, 27th. The construction company reported $0.18 earnings per share for the quarter. The construction company earned $4.57 billion during the quarter. CEMEX had a net margin of 5.40% and a trailing twelve-month return on equity of 5.01%.

ETFs with the largest weight of CEMEX (NYSE:CX) stock in their portfolio include AdvisorShares Dorsey Wright ADR ETF (AADR) and Schwab Fundamental Emerging Markets Large Company Index ETF (FNDE).Dimensional Emerging Markets Value ETF (DFEV).

18 employees have rated CEMEX Chief Executive Officer Jaime Muguiro on Glassdoor.com. Jaime Muguiro has an approval rating of 77% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other CEMEX investors own include Alibaba Group (BABA), Bank of America (BAC), Energy Transfer (ET), Wells Fargo & Company (WFC), General Electric (GE), Ford Motor (F), Boeing (BA), Bristol-Myers Squibb (BMY), Citigroup (C) and Intel (INTC).

CEMEX trades on the New York Stock Exchange (NYSE) under the ticker symbol "CX."

Shares of CX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of CX stock can currently be purchased for approximately $6.45.

CEMEX (NYSE:CX) has a market capitalization of $9.34 billion and generates $15.58 billion in revenue each year. The construction company earns $858 million in net income (profit) each year or $0.60 on an earnings per share basis.

The company employs 43,853 workers across the globe.

CEMEX's mailing address is Avenida Ricardo Margain Zozaya 325 Colonia Valle del Campestre, Garza Garcia Nuevo Leon O5, 66265. The official website for the company is www.cemex.com. The construction company can be reached via phone at 528188884292, via email at pierre.co@cemex.com, or via fax at 52-81-8888-4483.