RBC Capital Mkts initiated coverage on CEMEX S.A. with a new price target
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RBC Capital Mkts initiated coverage of CEMEX S.A. with a rating of Underperform and set a new price target of $9.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/29/2024 | $7.00 → $6.00 | Overweight → Neutral | JP Morgan |
| 10/8/2024 | $9.00 → $6.50 | Underperform → Sector Perform | RBC Capital Mkts |
| 8/21/2024 | $8.00 | Overweight | JP Morgan |
| 7/31/2024 | $9.00 | Equal Weight → Overweight | Barclays |
| 7/10/2024 | $9.00 | Buy | Goldman |
| 5/14/2024 | $9.00 | Underperform | RBC Capital Mkts |
| 4/24/2024 | $9.00 | Buy → Neutral | BofA Securities |
| 2/9/2024 | $9.00 | Overweight → Equal Weight | Barclays |
JP Morgan downgraded CEMEX S.A. from Overweight to Neutral and set a new price target of $6.00 from $7.00 previously
RBC Capital Mkts upgraded CEMEX S.A. from Underperform to Sector Perform and set a new price target of $6.50 from $9.00 previously
JP Morgan resumed coverage of CEMEX S.A. with a rating of Overweight and set a new price target of $8.00
Award recognizes Cemex's efforts to develop breakthrough decarbonization technologies for the cement industry. Cemex uses concentrated solar power to produce clinker, the main component of cement. Cemex was awarded the Net-Zero Industries Award by Mission Innovation at a ceremony during COP29 in Baku, Azerbaijan for its revolutionary clinker decarbonization process using concentrated solar power. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241120978042/en/ The Net-Zero Industries Award recognizes and celebrates outstanding innovations in industrial decarbonization; it spotlights the people and projects revolutionizing
A consortium comprised of Cemex and Linde, a leading global industrial gases and engineering company, has been selected to receive €157 million in funding from the EU Innovation Fund for a pioneering CO2 capture project at Cemex's Rüdersdorf Cement Plant in Germany. The project, Cemex's largest planned Carbon Capture Use and Storage (CCUS) project to date, aims to capture 1.3 million metric tons of CO2 per year from Rüdersdorf's cement production, ultimately decarbonizing the site by 2030. "Our Future in Action climate action strategy is working hard to drive several revolutionary CCUS projects across our global operations," said Sergio Menéndez, President of Cemex Europe, Middle East, Af
Cemex was recognized for its innovative VeryNile initiative in Egypt and placed in the 24th position out of 52 ranked companies. Cemex announced today that it has been included in Fortune's 2024 Change the World list. The list, selected by Fortune reporters and editors from a list of about 250 companies, showcases businesses that are having a positive social impact through activities that are part of their core business strategy. Cemex is receiving this distinction for the fourth time. Fortune recognized Cemex's work with VeryNile in cleaning the Nile River and developing a more sustainable solution for the collected waste. VeryNile is an initiative supported by the Ministry of the Envi
6-K - CEMEX SAB DE CV (0001076378) (Filer)
6-K - CEMEX SAB DE CV (0001076378) (Filer)
SD - CEMEX SAB DE CV (0001076378) (Filer)
This acquisition by NEORIS is poised to foster its expansion plans in the United States. Acquisition aligns with the company's strategy, aiming to establish broader and more global consulting capabilities to support clients in their digital transformation journey. ForeFront is a top Summit partner with multi-cloud integration expertise in Salesforce ecosystem. NEORIS, a global leader in digital acceleration, today announced that it has completed the acquisition of ForeFront, one of Salesforce's top partners and a globally recognized innovator in Cloud consulting and implementation services. ForeFront is to join NEORIS as a wholly-owned U.S.-based subsidiary and looking to accelera
SC 13G/A - CEMEX SAB DE CV (0001076378) (Subject)
SC 13G/A - CEMEX SAB DE CV (0001076378) (Subject)
SC 13G - CEMEX SAB DE CV (0001076378) (Subject)
BIRMINGHAM, Ala., March 21, 2023 /PRNewswire/ -- Vulcan Materials Company (NYSE:VMC), the nation's largest producer of construction aggregates, today issued the following statement: On Tuesday, March 14, 2023, CEMEX (NYSE:CX), aided by armed Mexican police and military, forcibly entered Vulcan's port facilities near Playa del Carmen. They are still occupying the property. There is no contract permitting CEMEX's use of Vulcan's port facilities. Although the companies had an agreement for CEMEX to lease a portion of Vulcan's property, that agreement expired on December 31, 2022, without any renewal. Prior to the expiration, CEMEX was formally made aware that negotiation of a new contract would
First quarter 2022 revenue of $42.9 million, driven by the $50.0 million licensing and royalty agreement with Atlas Renewable. GAAP operating income of $20.8 million. GAAP net loss of $20.1 million impacted by one-time IPO transaction costs of $20.6 million and a non-cash charge of $20.2 million for the change in fair value of our warrant liability due to the increase in stock price during the quarter. Adjusted EBITDA of $31.2 million. Began construction of the first Chinese deployment of a 100 MWh EVx™ gravity-based storage system in partnership with Atlas Renewable and China Tianying, which also invested $50.0 million into the private placement investment (PIPE) related to th
CEMEX acquires sustainable waste management company "Broquers Ambiental" in Mexico as part of its Future in Action program to achieve carbon neutrality. Currently, CEMEX transforms more than 500,000 tons of waste per year into climate-friendly fuels for its operations, avoiding the emission of more than 730,000 tons of CO2, which is equivalent to planting 12 million trees, thus helping to protect the environment and promote a circular economy in Mexico. CEMEX, S.A.B. de C.V. ("CEMEX") announced the acquisition of Broquers Ambiental ("Broquers"), a sustainable company that focuses on the separation, recovery, and treatment of urban solid waste generated in the city of Queretaro. This ac
Cemex (NYSE:CX) reported quarterly earnings of $0.17 per share which missed the analyst consensus estimate of $0.24 by 29.17 percent. The company reported quarterly sales of $4.494 billion which missed the analyst consensus estimate of $4.631 billion by 2.96 percent. This is a 1.58 percent decrease over sales of $4.566 billion the same period last year.
JP Morgan analyst Adrian Huerta maintains Cemex (NYSE:CX) with a Overweight and lowers the price target from $9.5 to $8.5.
RBC Capital analyst Anthony Codling initiates coverage on Cemex (NYSE:CX) with a Underperform rating and announces Price Target of $9.