CEMEX, SAB de CV (CX)
NYSE: CX · IEX Real-Time Price · USD
6.14
-0.14 (-2.23%)
At close: Jul 2, 2024, 4:00 PM
6.15
+0.01 (0.16%)
After-hours: Jul 2, 2024, 7:59 PM EDT
Cemex Stock Forecast
Stock Price Forecast
The 6 analysts with 12-month price forecasts for Cemex stock have an average target of 9.03, with a low estimate of 8.20 and a high estimate of 10. The average target predicts an increase of 47.07% from the current stock price of 6.14.
Analyst Consensus: Buy
* Price targets were last updated on May 14, 2024.
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 | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 3 | 3 | 3 | 2 | 2 | 2 |
| Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Hold | 0 | 1 | 1 | 2 | 2 | 2 |
| Sell | 0 | 0 | 0 | 0 | 1 | 1 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 4 | 5 | 5 | 5 | 6 | 6 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| RBC Capital | RBC Capital | Sell Initiates $9 | Sell | Initiates | $9 | +46.58% | May 14, 2024 |
| Goldman Sachs | Goldman Sachs | Strong Buy Maintains $9 → $10 | Strong Buy | Maintains | $9 → $10 | +62.87% | Apr 26, 2024 |
| B of A Securities | B of A Securities | Strong Buy → Hold Downgrades $9 | Strong Buy → Hold | Downgrades | $9 | +46.58% | Apr 24, 2024 |
| Barclays | Barclays | Buy → Hold Downgrades $9 | Buy → Hold | Downgrades | $9 | +46.58% | Feb 9, 2024 |
| B of A Securities | B of A Securities | Hold → Strong Buy Upgrades $8.2 → $9 | Hold → Strong Buy | Upgrades | $8.2 → $9 | +46.58% | Jan 9, 2024 |
Financial Forecast
Revenue This Year
18.81B
from 17.39B
Increased by 8.19%
Revenue Next Year
19.51B
from 18.81B
Increased by 3.71%
EPS This Year
0.07
from 0.04
Increased by 75.85%
EPS Next Year
0.09
from 0.07
Increased by 28.57%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 19.5B | 20.3B | 20.9B | 20.6B | 21.2B |
| Avg | 18.8B | 19.5B | 20.5B | 20.1B | 20.8B |
| Low | 17.6B | 18.2B | 19.5B | 19.1B | 19.8B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 12.2% | 8.0% | 7.2% | 0.3% | 5.3% |
| Avg | 8.2% | 3.7% | 5.2% | -1.9% | 3.3% |
| Low | 1.4% | -3.2% | 0.1% | -6.9% | -1.7% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 0.09 | 0.11 | 0.12 |
| Avg | 0.07 | 0.09 | 0.11 |
| Low | 0.05 | 0.08 | 0.11 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 130.5% | 45.6% | 24.6% |
| Avg | 75.9% | 28.6% | 22.2% |
| Low | 19.5% | 8.7% | 16.3% |
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.