Could CEMEX S.A.B. de C.V. (CX) stock price achieve new all-time highs if its expected earnings and revenue increase?

In yesterday’s Wall Street session, CEMEX S.A.B. de C.V. (NYSE:CX) shares traded at $6.87, unchanged from the previous session.

As of this writing, 20 analysts cover CEMEX S.A.B. de C.V. (NYSE:CX). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $9.50 and a low of $4.70, we find $7.33. Given the previous closing price of $6.87, this indicates a potential upside of 6.7 percent. CX stock price is now 13.13% away from the 50-day moving average and 43.40% away from the 200-day moving average. The market capitalization of the company currently stands at $9.90B.

There are 6 analysts who have given it a hold rating, whereas 13 have given it a buy rating. Brokers who have rated the stock have averaged $7.41 as their price target over the next twelve months.

With the price target enhanced from $6.80 to $7.20, BofA Securities Downgraded its rating from Buy to Neutral for CEMEX S.A.B. de C.V. (NYSE: CX).

A total of 60.00% of the company’s stock is owned by insiders.

There have been several recent changes in the stakes of large investors in CX stock. A new stake in CEMEX S.A.B. de C.V. shares was purchased by CAPITAL INTERNATIONAL INVESTORS during the first quarter worth $177,693,000. SCHRODER INVESTMENT MANAGEMENT GROUP invested $102,929,000 in shares of CX during the first quarter. In the first quarter, PERPETUAL LTD acquired a new stake in CEMEX S.A.B. de C.V. valued at approximately $76,625,000. PRINCIPAL FINANCIAL GROUP INC acquired a new stake in CX for approximately $24,696,000. AXA S.A. purchased a new stake in CX valued at around $15,339,000 in the second quarter. In total, there are 309 active investors with 30.00% ownership of the company’s stock.

Thursday morning saw CEMEX S.A.B. de C.V. (NYSE: CX) opened at $6.85. During the past 12 months, CEMEX S.A.B. de C.V. has had a low of $3.20 and a high of $6.89. As of last week, the company has a debt-to-equity ratio of 0.67, a current ratio of 0.90, and a quick ratio of 0.60. According to the stock market information, the enterprise value for the company is $18.28B, which is based on a 17.35 price-to-earnings ratio, a 1.28 price-to-earnings-growth ratio, and a beta of 1.42. The fifty day moving average price for CX is $6.11 and a two-hundred day moving average price translates $4.80 for the stock.

The latest earnings results from CEMEX S.A.B. de C.V. (NYSE: CX) was released for Mar, 2023. According to the Building Materials Company, earnings per share came in at $0.15, beating analysts’ expectations of $0.09 by 0.06. This compares to $0.01 EPS in the same period last year. The company reported revenue of $4.04 billion for the quarter, compared to $3.72 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 8.35 percent. For the current quarter, analysts expect CX to generate $4.35B in revenue.

Moreover, the firm recently paid out its quarterly dividend on 12/18/2019. Investors who held shares on 12/16/2019 were paid a $0.04962 dividend.

CEMEX S.A.B. de C.V.(CX) Company Profile

CEMEX, S.A.B. de C.V., together with its subsidiaries, produces, markets, distributes, and sells cement, ready-mix concrete, aggregates, urbanization solutions, and other construction materials worldwide. The company also offers asphalt, concrete blocks, concrete block paving, rail sleepers, and flooring systems; architectural concrete products; and box culverts, bridges, drainage basins, barriers, and parking curbs. In addition, it provides building and paving solutions; logistic services; retail service through e-commerce platform; and design and engineering services. The company was founded in 1906 and is headquartered in San Pedro Garza García, Mexico.