Goldman Sachs recently announced an upward revision of its target price for CEMEX (NYSE:CX), adjusting it from $11.50 to $13.00 while maintaining a Buy rating on the cement manufacturer’s stock. This new valuation is in close agreement with InvestingPro’s Fair Value metric, indicating that despite trading close to a 52-week high of $13.04, the shares may still offer slight undervaluation potential.
The investment bank updated its forecasting model for CEMEX in anticipation of the company’s fourth-quarter 2025 earnings release, scheduled for February 5, 2026, according to InvestingPro records. In revising the model, Goldman Sachs considered five central points of debate, notably the prospect of positive EBITDA guidance for 2026 along with opportunities for further margin enhancement. The firm remains optimistic, projecting 2026 EBITDA to reach approximately $3.4 billion, which surpasses the FactSet consensus by 1% and represents an 11% increase from the previous year.
Investor focus on CEMEX has persisted despite the stock nearly doubling in value during 2025. This strong rally has highlighted the company's earnings growth potential and the incremental EBITDA margin improvements driven by CEMEX’s “Project Cutting Edge” initiative, which aims at operational efficiency.
Complementing the positive projections, CEMEX S.A.B. de C.V. recently distributed the third installment of its 2025 cash dividend, totaling $32.5 million. This payment is part of a broader $130 million dividend package approved during the company’s Ordinary General Shareholders’ Meeting. Shareholders eligible for this payment include holders of Series A and Series B shares, Ordinary Participation Certificates, and American Depositary Shares as of the record date on December 15, 2025. The company plans to finalize and disclose the precise dividend per share by December 11, 2025, with payments to be disbursed in Mexican Pesos.
In a related development, RBC Capital upgraded its rating on CEMEX shares from Underperform to Sector Perform, citing stronger-than-expected economic conditions in Mexico as a key factor. RBC Capital also raised its target price for the stock from $8.25 to $11.25, reflecting improved outlooks driven by Mexico’s resilient economy. These updates represent evolving analyst sentiment and broader corporate activity impacting CEMEX’s market perception.