Cemex stock: Citigroup upgrades rating with USD 12.00 target

Published on 10/21/2026 at 16:21 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Cemex lifted full-year operating earnings growth guidance to 16.00-17.00 percent. Cemex stock costs EUR 0.92 on October 21, 2026.

Citigroup changes its view

Citigroup upgraded Cemex to Buy and set a USD 12.00 target on October 15, 2026.
Cemex lifted full-year operating earnings growth guidance to 16.00-17.00 percent.
Cemex stock costs EUR 0.92 at Lang & Schwarz on October 21, 2026 at 4:09 p.m. CEST.
The next earnings webcast is scheduled for October 26, 2026.

CX, MXP225611567, Illustration mit AI erstellt.

Citigroup upgraded Cemex to Buy from Neutral on October 15, 2026, while cutting its price target from USD 13.70 to USD 12.00, according to MarketScreener. The target is 16.50 percent above the USD 10.30 NYSE price at 10:20 a.m. ET on October 21, 2026. Cemex was trading at EUR 0.92 at Lang & Schwarz on October 21, 2026 at 4:09 p.m. CEST.

Guidance points to stronger earnings

Cemex reported 24.00 percent growth in earnings before interest, taxes, depreciation and amortization during the second quarter of 2026. The company also raised full-year growth guidance for that measure to 16.00-17.00 percent, according to its Cemex investor-relations page.

NYSE valuation gives the target context

The USD 10.30 NYSE price leaves the shares inside a 52-week range of USD 9.13 to USD 13.67 as of October 21, 2026. The distance from the current price to the upper end of that range is 24.65 percent. Cemex had a market capitalization of USD 15.0 billion, a price-to-earnings ratio of 31.96 and trading volume of 2,818,736 shares on the same date.

October 26 is the next date

Cemex has scheduled its third-quarter 2026 earnings webcast for October 26, 2026, at 11:00 a.m. ET, according to the company investor-relations calendar. The event comes after the second-quarter update and gives investors the next formal checkpoint for the 16.00-17.00 percent full-year operating earnings growth outlook.

What the target means for the stock

Citigroup's move combines a more positive rating with a lower numerical target. That contrast leaves the USD 12.00 target above the October 21 NYSE price while signaling a more cautious valuation view than the previous USD 13.70 target.

Cemex trading snapshot

On October 21, 2026, Cemex was trading at USD 10.30 on the NYSE at 10:20 a.m. ET, with a market capitalization of USD 15.0 billion and a 52-week range of USD 9.13 to USD 13.67.

The further course of trading is shown by the continuously updated real-time quote of Cemex stock.