Cemex stock: Citi upgrades Cemex to Buy and cuts target for Cemex stock to USD 12.00

Published on 10/22/2026 at 16:07 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Cemex posted 24.00 percent EBITDA growth in Q2 2026. Cemex stock stands at EUR 0.92 on October 22, 2026, while NYSE CX trades at USD 10.26.

Analyst and results update

Citi upgraded Cemex to Buy and cut its target to USD 12.00 on October 14, 2026.
Cemex reported 24.00 percent operating EBITDA growth for the second quarter of 2026.
Cemex stock was trading at EUR 0.92 at Lang & Schwarz on October 22, 2026 at 4:02 p.m. CEST.

CX, MXP225611567, Illustration mit AI erstellt.

Cemex (ISIN MXP225611567) became the subject of a fresh analyst action when Citi upgraded the stock from Neutral to Buy and cut its price target from USD 13.70 to USD 12.00 on October 14, 2026, according to Markets Insider. At Lang & Schwarz, Cemex was trading at EUR 0.92 on October 22, 2026 at 4:02 p.m. CEST.

Operating gains set the backdrop

Cemex reported 24.00 percent operating EBITDA growth and record second-quarter free cash flow for the second quarter of 2026. The company also raised full-year operating EBITDA growth guidance to 16.00-17.00 percent, according to its investor-relations materials dated July 23, 2026. The release linked the progress to its transformation program and cost actions.

The quarterly figures give the analyst action a measurable operating backdrop. Cemex reported second-quarter sales of USD 4.59 billion, up 12.00 percent year over year, while operating EBITDA reached USD 1.02 billion. The operating EBITDA margin widened to 22.20 percent from 20.10 percent in the same comparison, according to Cemex.

Price range and valuation

On the NYSE, CX was trading at USD 10.26 on October 22, 2026 at 10:05 a.m. ET. The session range was USD 10.20 to USD 10.34, while the 52-week range ran from USD 9.13 to USD 13.67. The stock therefore stood 12.38 percent above its 52-week low and 24.94 percent below its 52-week high.

Cemex had a market capitalization of USD 14.9 billion on October 22, 2026. Its price-to-earnings ratio was 31.81, and trading volume stood at 393,112 shares at the quoted time. The US listing provides the clearest valuation reference for the analyst target, while the German euro quotation gives investors in Germany a separate trading indication.

Results date is October 26

Cemex scheduled its third-quarter 2026 earnings webcast for October 26, 2026, at 11:00 a.m. ET. The company also listed a fourth-quarter 2026 earnings webcast for February 18, 2027, according to Cemex. The October event is the next scheduled test of the 16.00-17.00 percent operating EBITDA growth outlook.

Analyst target and operating outlook

Citi's move combined a more favorable rating with a lower target, leaving the USD 12.00 objective 16.96 percent above the NYSE price of USD 10.26 on October 22, 2026. The source cited higher US interest rates as a pressure on the stock, while pointing to an early recovery trend in Mexican property markets, a stronger balance sheet and progress on the EDGE program.

Stock trades below its yearly high

Cemex's 52-week position leaves the stock well above its low but materially below its high, with the scheduled October 26 results providing the next dated operating reference. At Lang & Schwarz, the stock was trading at EUR 0.92 on October 22, 2026 at 4:02 p.m. CEST.

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