Citigroup upgrades Cemex stock to Buy with USD 12.00 target

Published on 10/26/2026 at 16:13 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Third-quarter profit rose 55.00 percent to USD 407 million. Cemex stock costs EUR 0.90 on October 26, 2026 at 4:05 p.m. CEST.

Citi changes its Cemex view

Citigroup upgraded Cemex from Neutral to Buy and set a USD 12.00 target on October 15, 2026.
Cemex reported third-quarter profit of USD 407 million, up 55.00 percent year over year.
Cemex stock costs EUR 0.90 at Lang & Schwarz on October 26, 2026 at 4:05 p.m. CEST.

CX, MXP225611567, Illustration mit AI erstellt.

Cemex (ISIN MXP225611567) received a Buy rating from Citigroup on October 15, 2026, with a USD 12.00 price target after the firm upgraded the stock from Neutral, according to MarketScreener. Cemex was trading at EUR 0.90 at Lang & Schwarz on October 26, 2026 at 4:05 p.m. CEST.

Profit growth sets the operating tone

The company's third-quarter profit reached USD 407 million, up 55.00 percent from USD 264 million in the year-earlier quarter, Morningstar reported on October 26, 2026. Sales rose 8.00 percent to USD 4.59 billion, while operating earnings before interest, taxes, depreciation and amortization increased 12.00 percent to USD 990 million.

Market position and valuation

Cemex's primary listing is on the New York Stock Exchange, where the stock was last quoted at USD 10.09 on October 26, 2026 at 11:12 a.m. ET. The same quotation showed a 52-week range of USD 9.30 to USD 13.67 and a market capitalization of USD 14.6 billion. The price-to-earnings ratio was 31.22.

The operating figures give the analyst action a measurable backdrop. Mexico sales increased 16.00 percent in the third quarter, while cement volume rose 3.00 percent globally to 11.5 million metric tons. The United States delivered 5.00 percent sales growth, but operating earnings there declined 4.00 percent to USD 259 million.

Next reporting date is February 18

Cemex lists its next earnings webcast for February 18, 2027, covering the fourth quarter of 2026. Its investor page also reports USD 16.1 billion in net sales and USD 3.1 billion in operating EBITDA for fiscal year 2025, providing a longer-period reference for the third-quarter figures.

Analyst target stays above the quote

Citigroup's USD 12.00 target is stated in U.S. dollars and therefore is not combined with the euro quotation. The rating change gives investors a separate valuation signal from the operating figures, while the 52-week range places the New York quotation between USD 9.30 and USD 13.67.

Trading level in Germany

Cemex was trading at EUR 0.90 at Lang & Schwarz on October 26, 2026 at 4:05 p.m. CEST. The euro quotation is the latest German-market indication for investors following the NYSE-listed company.

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