Scotiabank Cuts CEMEX, S.A.B. de C.V. (CX) Price Target to $13.80
Key Points
- Scotiabank reduced its price target for CEMEX from $14.50 to $13.80, reflecting ongoing adjustments in market conditions.
- Scotiabank's $13.80 price target implies 35.43% upside from CEMEX, S.A.B. de C.V.'s ($CX) current $10.19 share price.
- CEMEX shares closed at $10.39 on the same day, trading about 1.9% below their recent price of $10.19.
- Analysts currently have a consensus recommendation of 'buy' for CEMEX, with a mean price target of $14.64.
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On October 27, 2026, Scotiabank lowered its price target for CEMEX, S.A.B. de C.V. (CX) to $13.80 from $14.50 while maintaining a Sector Outperform rating. This adjustment comes as part of the firm's ongoing analysis of the company's market position and performance.
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CEMEX, S.A.B. de C.V.
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Other Institutional Activity in CEMEX
Dodge & Cox Inc. trimmed its stake in CEMEX by 5.9%, selling about 5.0 million shares, bringing its total to roughly 80.2 million shares valued at about $833.1 million. Orbis Allan Gray Ltd also reduced its holdings by 23.8%, cutting about 8.8 million shares, now holding around 28.3 million shares worth approximately $294.1 million. Additionally, Schroder Investment Management Group saw a minor decrease of 2.6%, selling 687,613 shares for a total of about 25.9 million shares valued at around $269.8 million. Meanwhile, PointState Capital LP maintained its position without changes, holding 25.2 million shares valued at about $262.3 million. Robeco Institutional Asset Management B.V. increased its stake by 10.1%, adding about 1.9 million shares, now totaling 21.2 million shares worth approximately $220.5 million.
CEMEX, S.A.B. de C.V. Stock Holds Steady
CEMEX shares closed at $10.39 on October 27, 2026, which is about 1.9% lower than the recent trading price of $10.19. The stock is currently trading below its 50-day moving average of $10.25 and its 200-day moving average of $11.68. CEMEX is also about 25.5% below its 52-week high of $13.67, but it remains 9.6% above its 52-week low of $9.30.
$CX price target
CEMEX, S.A.B. de C.V. daily closes and this analyst's $13.80 target. Not advice.
Recent Earnings
CEMEX reported trailing twelve-month revenue of approximately $17.4 billion with an EPS of $0.03. The company has a net margin of 3.6% and a return on equity of 5.2%. The next earnings report is scheduled for February 18, 2027.
Analysts Set New Price Targets
On October 27, 2026, Scotiabank maintained its Sector Outperform rating for CEMEX with a lowered price target of $13.80. RBC Capital also maintained its Sector Perform rating, adjusting its target to $13.75 from $13.25. The consensus among analysts remains a 'buy' recommendation, with a mean price target of $14.64 based on 15 opinions.
About CEMEX
CEMEX, S.A.B. de C.V. is a global company based in San Pedro Garza García, NL, that produces and sells cement, ready-mix concrete, and other construction materials. The recent adjustments in price targets reflect ongoing evaluations of its performance in the building materials industry.
Bottom Line
Investors should keep an eye on CEMEX's upcoming earnings report on February 18, 2027, and monitor any further analyst updates, especially after Scotiabank's recent target adjustment.
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Source: Scotiabank's rating change on $CX (Oct 27, 2026). Written by software, not financial advice. How we make alerts