Cemex S.A.B. De C.V. ADR (NYSE: CX): Stock Forecast For 2024 Sees A An Incline Of 15.74%

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In today’s recent session, 5.89 million shares of the Cemex S.A.B. De C.V. ADR (NYSE:CX) have been traded, and its beta is 1.47. Most recently the company’s share price was $7.03, and it changed around -$0.5 or -6.70% from the last close, which brings the market valuation of the company to $10.62B. CX at last check was trading at a discount to its 52-week high of $9.27, offering almost -31.86% off that amount. The share price’s 52-week low was $5.67, which indicates that the recent value has risen by an impressive 19.35% since then. We note from Cemex S.A.B. De C.V. ADR’s average daily trading volume that its 3-month average coming to 6.54 million.

Cemex S.A.B. De C.V. ADR stock received a consensus recommendation rating of Buy, based on a mean score of 1.65. If we narrow it down even further, the data shows that 0 out of 19 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 5 recommended CX as a Hold, whereas 14 deemed it a Buy, and 0 rated it as Underweight.

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Cemex S.A.B. De C.V. ADR (NYSE:CX) trade information

Instantly CX has been showing red trend so far today with a performance of -6.70% on intraday trading today. The performance over the last five days has remained in the red territory. The company’s shares are currently down -9.35% year-to-date, but still down -7.68% over the last five days. On the other hand, Cemex S.A.B. De C.V. ADR (NYSE:CX) is -10.16% down in the 30-day period.

The consensus price target as assigned by Wall Street analysts is $8.42, which translates to bulls needing to increase their stock price by 16.51% from its current value. Analyst projections state that CX is forecast to be at a low of $5 and a high of $11.

Cemex S.A.B. De C.V. ADR (CX) estimates and forecasts

Cemex S.A.B. De C.V. ADR share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 1.67 percent over the past six months and at a 633.33% annual growth rate that is well above the industry average of 18.60%.

Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -17.84%. Cemex S.A.B. De C.V. ADR earnings are expected to increase by 629.50% in 2024, but the outlook is positive 13.60% per year for the next five years.

CX Dividends

Cemex S.A.B. De C.V. ADR’s next quarterly earnings report is expected to be released in July.

Cemex S.A.B. De C.V. ADR (NYSE:CX)’s Major holders