Bullish indicating open at $55-$60, IPO prices at $37
Cemex SAB (NYSE:CX) de CV ADR stock reached a significant milestone, hitting a 52-week high of 8.79 USD. This marks a notable achievement for the $12.64 billion construction materials company, reflecting a strong performance over the past year. According to InvestingPro analysis, the stock appears slightly undervalued based on its Fair Value model, with a solid Financial Health Score of "GOOD." The stock has experienced a remarkable performance, with a YTD return of 54.39% and trading at a reasonable P/E ratio of 14.1, which underscores investor confidence and the company’s solid market position. This upward trajectory highlights Cemex’s resilience and strategic initiatives in navigating the current economic landscape. InvestingPro subscribers can access 8 additional key insights and a comprehensive Pro Research Report, part of the analysis available for 1,400+ US stocks.
In other recent news, Cemex has announced several key developments. The company successfully closed a $1 billion subordinated perpetual notes offering, which was sold to qualified institutional buyers and non-U.S. persons, according to regulatory guidelines. Additionally, Cemex declared a cash dividend totaling $130 million, to be distributed in four equal installments. The first installment is set for June 18, 2025, with subsequent payments scheduled later in the year and into 2026. In analyst updates, BofA Securities raised its price target for Cemex to $8.00 from $7.30, maintaining a Neutral rating. The updated price target reflects a lower cost of capital in BofA’s valuation model. These recent developments highlight Cemex’s ongoing financial activities and adjustments in analyst expectations.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.