CEMEX - CX Stock Forecast, Price & News

6 Wall Street equities research 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 equities 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.
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6 Wall Street analysts have issued 12 month target prices for CEMEX's stock. Their CX share price forecasts range from $4.00 to $6.70. On average, they anticipate the company's share price to reach $5.40 in the next year. This suggests a possible upside of 0.9% from the stock's current price.
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CEMEX's stock was trading at $4.05 at the start of the year. Since then, CX stock has increased by 32.1% and is now trading at $5.35.
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CEMEX saw a drop in short interest in December. As of December 30th, there was short interest totaling 5,590,000 shares, a drop of 7.8% from the December 15th total of 6,060,000 shares. Based on an average daily volume of 4,400,000 shares, the days-to-cover ratio is presently 1.3 days. Currently, 0.4% of the shares of the company are sold short.
View CEMEX's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 9th 2023.
View our CX earnings forecast.

CEMEX, S.A.B. de C.V. (NYSE:CX) announced its quarterly earnings data on Wednesday, February, 10th. The construction company reported $0.06 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.04 by $0.02. The construction company had revenue of $3.54 billion for the quarter. CEMEX had a trailing twelve-month return on equity of 8.99% and a net margin of 7.53%.
Read the conference call transcript.

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."

CEMEX's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Pendal Group Ltd (0.98%), RWC Asset Advisors US LLC (0.97%), Allspring Global Investments Holdings LLC (0.71%), RWC Asset Management LLP (0.30%), GFS Advisors LLC (0.07%) and Natixis Advisors L.P. (0.03%).

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 $5.35.

CEMEX (NYSE:CX) has a market capitalization of $7.87 billion and generates $14.55 billion in revenue each year. The construction company earns $753 million in net income (profit) each year or $0.79 on an earnings per share basis.

The company employs 46,210 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.