Barclays Maintains Buy Rating on CEMEX (CX) Stock

On May 27, Barclays analyst Benjamin Theurer maintained a Buy rating on CEMEX, S.A.B. de C.V. (NYSE:CX) and maintained a price target of $8.00.

The company’s fiscal Q1 2025 earnings reported record first-quarter net income of $734 million. This growth was supported by higher consolidated prices and the divestment of its Dominican Republic operations, which offset the effects of lower volumes in Mexico.

A pile of cement on the top of the wheelbarrow in construction site.

CEMEX, S.A.B. de C.V. (NYSE:CX) reported EBITDA in line with its expectations at $601 million, aligning with flat EBITDA projections for the full year. Management attributed the EBITDA performance to various factors, including its Mexican operations which resulted in a $65 million headwind because of peso depreciation.

Its EBITDA margin was supported by higher prices and lower energy and freight costs, factors that helped offset higher labor costs, volume impact, and maintenance work in the US. The company expects more favorable dynamics in the second half of 2025.

Headquartered in San Pedro Garza Garcia, Mexico, CEMEX, S.A.B. de C.V. (NYSE:CX) is a global construction materials company that offers cement, aggregates, ready-mix concrete, and urbanization solutions. Its operations are spread across the following geographical segments:  Mexico, United States, Europe, Middle East, Africa and Asia (EMEAA), and South, Central America and the Caribbean (SCA&C).

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