CEMEX (CX) Stock Forecast, Price & News

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for CEMEX in the last twelve months. There are currently 5 hold ratings and 1 buy rating for the stock. The consensus among Wall Street 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.
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6 brokerages have issued 12 month price targets for CEMEX's stock. Their CX share price forecasts range from $4.00 to $9.00. On average, they predict the company's stock price to reach $6.28 in the next year. This suggests that the stock has a possible downside of 11.4%.
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CEMEX's stock was trading at $4.05 at the start of the year. Since then, CX shares have increased by 74.8% and is now trading at $7.08.
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CEMEX saw a increase in short interest in May. As of May 31st, there was short interest totaling 10,440,000 shares, an increase of 10.7% from the May 15th total of 9,430,000 shares. Based on an average daily volume of 6,660,000 shares, the short-interest ratio is presently 1.6 days. Approximately 0.7% of the shares of the company are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, July 27th 2023.
View our CX earnings forecast.

CEMEX, S.A.B. de C.V. (NYSE:CX) announced its quarterly earnings results on Tuesday, May, 2nd. The construction company reported $0.15 earnings per share (EPS) for the quarter. The construction company earned $4.04 billion during the quarter. CEMEX had a net margin of 5.52% and a trailing twelve-month return on equity of 5.13%.

ETFs with the largest weight of CEMEX (NYSE:CX) stock in their portfolio include AdvisorShares Dorsey Wright ADR ETF (AADR), Schwab Fundamental Emerging Markets Large Company Index ETF (FNDE) and Dimensional Emerging Markets Value ETF (DFEV).Dimensional Emerging Markets Core Equity 2 ETF (DFEM).

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 $7.08.

CEMEX (NYSE:CX) has a market capitalization of $10.26 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.