CEMEX, S.A.B. de C.V. (CX)
NYSE: CX · Real-Time Price · USD
5.97
+0.03 (0.51%)
Oct 18, 2024, 4:00 PM EDT - Market closed
Cemex Stock Forecast
Stock Price Forecast
The 6 analysts with 12-month price forecasts for Cemex stock have an average target of 8.28, with a low estimate of 6.50 and a high estimate of 10. The average target predicts an increase of 38.69% from the current stock price of 5.97.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for Cemex stock from 6 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | May '24 | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 2 | 2 | 2 | 2 | 2 |
| Buy | 1 | 1 | 2 | 2 | 2 | 2 |
| Hold | 2 | 2 | 1 | 1 | 1 | 2 |
| Sell | 1 | 1 | 1 | 1 | 1 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 6 | 6 | 6 | 6 | 6 | 6 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| JP Morgan | JP Morgan | Buy Maintains $8 → $7 | Buy | Maintains | $8 → $7 | +17.25% | Oct 9, 2024 |
| RBC Capital | RBC Capital | Sell → Hold Upgrades $9 → $6.5 | Sell → Hold | Upgrades | $9 → $6.5 | +8.88% | Oct 8, 2024 |
| JP Morgan | JP Morgan | Buy Initiates $8 | Buy | Initiates | $8 | +34.00% | Aug 21, 2024 |
| Barclays | Barclays | Hold → Buy Upgrades $9 | Hold → Buy | Upgrades | $9 | +50.75% | Jul 31, 2024 |
| JP Morgan | JP Morgan | Buy Maintains $9.5 → $8.5 | Buy | Maintains | $9.5 → $8.5 | +42.38% | Jul 8, 2024 |
Financial Forecast
Revenue This Year
18.54B
from 17.39B
Increased by 6.60%
Revenue Next Year
19.16B
from 18.54B
Increased by 3.37%
EPS This Year
0.08
from 0.01
Increased by 510.19%
EPS Next Year
0.08
from 0.08
Increased by 4.55%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 19.3B | 20.0B | 20.1B | ||
| Avg | 18.5B | 19.2B | 19.6B | ||
| Low | 17.4B | 18.0B | 18.5B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 11.1% | 8.0% | 4.7% | ||
| Avg | 6.6% | 3.4% | 2.2% | ||
| Low | 0.2% | -2.6% | -3.3% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 0.08 | 0.09 | 0.09 |
| Avg | 0.08 | 0.08 | 0.09 |
| Low | 0.07 | 0.07 | 0.09 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 578.6% | 25.1% | 19.7% |
| Avg | 510.2% | 4.6% | 17.4% |
| Low | 454.2% | -9.2% | 11.7% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.