CEMEX, SAB de CV (CX)
NYSE: CX · IEX Real-Time Price · USD
8.11
-0.07 (-0.92%)
Apr 18, 2024, 1:42 PM EDT - Market open
Cemex Stock Forecast
Stock Price Forecast
The 5 analysts with 12-month price forecasts for Cemex stock have an average target of 8.84, with a low estimate of 8.20 and a high estimate of 9.00. The average target predicts an increase of 9.07% from the current stock price of 8.11.
Analyst Consensus: Strong Buy
* Price targets were last updated on Feb 9, 2024.
Analyst Ratings
The average analyst rating for Cemex stock from 5 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.
Recommendation Trends
| Rating | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 2 | 3 | 3 | 3 | 3 |
| Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Hold | 2 | 2 | 0 | 1 | 1 | 1 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 5 | 5 | 4 | 5 | 5 | 5 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Barclays | Barclays | Buy → Hold Downgrades $9 | Buy → Hold | Downgrades | $9 | +11.04% | 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 | +11.04% | Jan 9, 2024 |
| Citigroup | Citigroup | Strong Buy Initiates $8.2 | Strong Buy | Initiates | $8.2 | +1.17% | Nov 2, 2023 |
| JP Morgan | JP Morgan | Buy Maintains $8 → $9 | Buy | Maintains | $8 → $9 | +11.04% | Jul 28, 2023 |
| B of A Securities | B of A Securities | Strong Buy → Hold Downgrades $7.2 | Strong Buy → Hold | Downgrades | $7.2 | -11.17% | May 15, 2023 |
Financial Forecast
Revenue This Year
17.72B
from 15.58B
Increased by 13.76%
Revenue Next Year
18.93B
from 17.72B
Increased by 6.85%
EPS This Year
0.07
from 0.19
Decreased by -64.42%
EPS Next Year
0.05
from 0.07
Decreased by -25.00%
Revenue Forecast
| Revenue | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|---|
| High | 18.4B | 19.8B | 20.1B | 20.7B | 20.6B | 21.2B |
| Avg | 17.7B | 18.9B | 19.7B | 20.3B | 20.1B | 20.8B |
| Low | 15.8B | 17.5B | 18.7B | 19.3B | 19.1B | 19.8B |
Revenue Growth
| Revenue Growth | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|---|
| High | 17.9% | 11.7% | 6.2% | 5.2% | 1.3% | 5.3% |
| Avg | 13.8% | 6.9% | 4.0% | 3.2% | -0.9% | 3.3% |
| Low | 1.7% | -1.4% | -1.3% | -1.8% | -6.0% | -1.7% |
EPS Forecast
| EPS | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| High | 0.08 | 0.08 | 0.09 | 0.11 |
| Avg | 0.07 | 0.05 | 0.09 | 0.10 |
| Low | 0.06 | 0.02 | 0.09 | 0.10 |
EPS Growth
| EPS Growth | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| High | -56.5% | 22.3% | 83.5% | 13.3% |
| Avg | -64.4% | -25.0% | 80.0% | 11.1% |
| Low | -69.5% | -71.5% | 71.3% | 5.7% |
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.