Commercial Metals - CMC Stock Price Target and Predictions

  • Consensus Rating: Moderate Buy
  • Consensus Price Target: $65.25
  • Forecasted Upside: 19.66%
  • Number of Analysts: 5
  • Breakdown:
  • 0 Sell Ratings
  • 2 Hold Ratings
  • 3 Buy Ratings
  • 0 Strong Buy Ratings
$54.53
▼ -0.25 (-0.46%)

This chart shows the closing price for CMC by one month, three months, or twelve months.

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Analyst Price Target for CMC

Analyst Price Target is $65.25
▲ +19.66% Upside Potential
This price target is based on 5 analysts offering 12 month price targets for Commercial Metals in the last 3 months. The average price target is $65.25, with a high forecast of $69.00 and a low forecast of $62.00. The average price target represents a 19.66% upside from the last price of $54.53.

This chart shows the closing price for CMC for the last year in relation to the current analyst high, average, and low pricetarget.

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Current Consensus is Moderate Buy

The current consensus among 5 contributing investment analysts is to moderate buy stock in Commercial Metals. This Moderate Buy consensus rating has held steady for over two years.

Past Monthly Recommendations

Move your mouse over past months for details

Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart
  • 0 strong buy ratings
  • 3 buy ratings
  • 2 hold ratings
  • 0 sell ratings
5/8/2023
  • 0 strong buy ratings
  • 3 buy ratings
  • 2 hold ratings
  • 0 sell ratings
8/6/2023
  • 0 strong buy ratings
  • 3 buy ratings
  • 2 hold ratings
  • 0 sell ratings
11/4/2023
  • 0 strong buy ratings
  • 3 buy ratings
  • 2 hold ratings
  • 0 sell ratings
2/2/2024
  • 0 strong buy ratings
  • 3 buy ratings
  • 2 hold ratings
  • 0 sell ratings
5/2/2024
  • 0 strong buy ratings
  • 3 buy ratings
  • 2 hold ratings
  • 0 sell ratings
7/31/2024
  • 0 strong buy ratings
  • 3 buy ratings
  • 2 hold ratings
  • 0 sell ratings
9/29/2024
  • 0 strong buy ratings
  • 3 buy ratings
  • 2 hold ratings
  • 0 sell ratings
10/29/2024

Latest Recommendations

  • 0 strong buy ratings
  • 3 buy ratings
  • 2 hold ratings
  • 0 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetDetails
10/18/2024BMO Capital MarketsSet TargetMarket Perform ➝ Market Perform$62.00
10/9/2024Wolfe ResearchDowngradeOutperform ➝ Peer Perform
9/18/2024Wolfe ResearchUpgradeHold ➝ Strong-Buy
9/3/2024Jefferies Financial GroupInitiated CoverageBuy$65.00
6/26/2024Bank of AmericaLower TargetBuy ➝ Buy$70.00 ➝ $69.00
3/22/2024BMO Capital MarketsBoost TargetMarket Perform ➝ Market Perform$52.00 ➝ $60.00
1/16/2024UBS GroupInitiated CoverageBuy$65.00
1/9/2024BMO Capital MarketsBoost TargetMarket Perform ➝ Market Perform$50.00 ➝ $52.00
10/16/2023CitigroupLower TargetNeutral ➝ Neutral$56.00 ➝ $48.00
10/13/2023BMO Capital MarketsLower TargetMarket Perform ➝ Market Perform$58.00 ➝ $50.00
7/11/2023UBS GroupInitiated CoverageBuy$63.00
6/23/2023BMO Capital MarketsBoost Target$56.00 ➝ $58.00
4/5/2023Bank of AmericaUpgradeNeutral ➝ Buy$56.00 ➝ $60.00
2/15/2023CitigroupBoost TargetNeutral$54.00 ➝ $56.00
1/11/2023KeyCorpBoost TargetOverweight$50.00 ➝ $57.00
1/10/2023The Goldman Sachs GroupBoost TargetNeutral$48.00 ➝ $53.00
1/10/2023BMO Capital MarketsBoost TargetMarket Perform$49.00 ➝ $56.00
1/4/2023Bank of AmericaInitiated CoverageNeutral ➝ Neutral$55.00
11/22/2022KeyCorpBoost TargetOverweight$46.00 ➝ $50.00
10/17/2022KeyCorpBoost TargetOverweight$45.00 ➝ $46.00
10/14/2022BMO Capital MarketsBoost TargetMarket Perform$37.00 ➝ $43.00
10/14/2022CitigroupBoost TargetNeutral$42.00 ➝ $44.00
10/6/2022The Goldman Sachs GroupLower TargetNeutral$41.00 ➝ $37.00
9/13/2022CitigroupBoost Target$42.00
7/19/2022KeyCorpLower TargetOverweight$49.00 ➝ $45.00
6/17/2022CitigroupLower TargetNeutral$44.00 ➝ $36.00
6/17/2022Credit Suisse GroupBoost TargetNeutral$37.00 ➝ $39.00
6/14/2022JPMorgan Chase & Co.Lower Target$55.00 ➝ $54.00
6/7/2022KeyCorpBoost TargetOverweight$48.00 ➝ $49.00
5/31/2022The Goldman Sachs GroupLower Target$42.00 ➝ $38.00
5/19/2022KeyCorpLower TargetOverweight$50.00 ➝ $48.00
4/20/2022KeyCorpBoost TargetOverweight$47.00 ➝ $50.00
3/24/2022JPMorgan Chase & Co.Boost TargetOverweight$47.00 ➝ $55.00
3/18/2022BMO Capital MarketsBoost TargetMarket Perform$40.00 ➝ $45.00
3/16/2022KeyCorpBoost TargetOverweight$42.00 ➝ $45.00
1/21/2022Exane BNP ParibasUpgradeNeutral ➝ Outperform$45.00
1/21/2022BNP ParibasUpgradeNeutral ➝ Outperform$45.00
1/11/2022BMO Capital MarketsBoost Target$34.00 ➝ $40.00
12/10/2021JPMorgan Chase & Co.UpgradeNeutral ➝ Overweight$42.00
11/16/2021Wolfe ResearchInitiated CoverageOutperform$41.00
10/6/2021The Goldman Sachs GroupUpgradeSell ➝ Neutral$31.00 ➝ $33.00
9/15/2021Deutsche Bank AktiengesellschaftUpgradeHold$32.00 ➝ $36.00
7/1/2021BMO Capital MarketsBoost TargetHold$26.00 ➝ $32.00
6/16/2021JPMorgan Chase & Co.Initiated CoverageNeutral$39.00
5/10/2021Credit Suisse GroupReiterated RatingOutperform ➝ Neutral$25.00 ➝ $33.00
5/4/2021Credit Suisse GroupDowngradeOutperform ➝ Neutral$25.00 ➝ $33.00
4/9/2021The Goldman Sachs GroupInitiated CoverageSell$29.00
3/19/2021BMO Capital MarketsBoost TargetMarket Perform$23.00 ➝ $32.00
1/12/2021Smith Barney CitigroupBoost Target$21.00 ➝ $22.00
1/12/2021Bank of AmericaDowngradeNeutral ➝ Underperform$21.00 ➝ $21.00
1/8/2021Deutsche Bank AktiengesellschaftDowngradeBuy ➝ Hold$22.00 ➝ $22.00
12/3/2020BNP ParibasDowngradeOutperform ➝ Neutral$21.00
10/16/2020CitigroupBoost TargetNeutral$21.00 ➝ $24.00
10/16/2020Bank of AmericaDowngradeBuy ➝ Neutral$24.00
8/17/2020CowenBoost TargetMarket Perform$20.00 ➝ $22.00
6/22/2020Deutsche Bank AktiengesellschaftBoost Target$20.00 ➝ $24.00
6/22/2020CowenBoost TargetMarket Perform$17.00 ➝ $20.00
6/19/2020Credit Suisse GroupBoost TargetOutperform$24.00 ➝ $25.00
6/19/2020BMO Capital MarketsBoost TargetMarket Perform$15.00 ➝ $22.00
6/8/2020CitigroupDowngradeBuy ➝ Neutral$22.00 ➝ $21.00
3/23/2020CitigroupUpgradeBuy$22.00
3/17/2020Credit Suisse GroupLower TargetOutperform$27.00 ➝ $25.00
3/17/2020Bank of AmericaUpgradeUnderperform ➝ Buy
11/26/2019Deutsche Bank AktiengesellschaftUpgradeHold ➝ Buy$18.50 ➝ $25.00
11/26/2019BMO Capital MarketsInitiated CoverageMarket Perform$23.00
11/14/2019Exane BNP ParibasInitiated CoverageOutperform
(Data available from 10/30/2019 forward)

News Sentiment Rating

0.94 (Buy)

Our news sentiment rating is based on the average sentiment of articles about this company published in the media in the last 30 days of headlines and can range from 2 (very positive sentiment) to -2 (very negative sentiment).

News Sentiment Over Time

Move your mouse over past months for details

Skip to Current Sentiment Summary
  • 19 very positive mentions
  • 12 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
4/3/2024
  • 13 very positive mentions
  • 5 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
5/3/2024
  • 18 very positive mentions
  • 5 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
6/2/2024
  • 16 very positive mentions
  • 10 positive mentions
  • 1 negative mentions
  • 1 very negative mentions
7/2/2024
  • 17 very positive mentions
  • 2 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
8/1/2024
  • 9 very positive mentions
  • 4 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
8/31/2024
  • 17 very positive mentions
  • 7 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
9/30/2024
  • 13 very positive mentions
  • 11 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
10/30/2024

Current Sentiment

  • 13 very positive mentions
  • 11 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Commercial Metals logo
Commercial Metals Company manufactures, recycles, and fabricates steel and metal products, and related materials and services in the United States, Poland, China, and internationally. It operates through two segments, North America and Europe. The company processes and sells ferrous and nonferrous scrap metals to steel mills and foundries, aluminum sheet and ingot manufacturers, brass and bronze ingot makers, copper refineries and mills, secondary lead smelters, specialty steel mills, high temperature alloy manufacturers, and other consumers. It also manufactures and sells finished long steel products, including reinforcing bar, merchant bar, light structural, and other special sections, as well as semi-finished billets for rerolling and forging applications. In addition, the company provides fabricated rebar used to reinforce concrete primarily in the construction of commercial and non-commercial buildings, hospitals, convention centers, industrial plants, power plants, highways, bridges, arenas, stadiums, and dams; sells and rents construction-related products and equipment to concrete installers and other businesses; and manufactures and sells strength bars for the truck trailer industry, special bar steels for the energy market, and armor plates for military vehicles. Further, it manufactures rebars, merchant bars, and wire rods; and sells fabricated rebars, wire meshes, fabricated meshes, assembled rebar cages, and other fabricated rebar by-products to fabricators, manufacturers, distributors, and construction companies. The company was founded in 1915 and is headquartered in Irving, Texas.
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Today's Range

Now: $54.53
Low: $54.46
High: $55.66

50 Day Range

MA: $52.91
Low: $48.68
High: $56.41

52 Week Range

Now: $54.53
Low: $42.07
High: $61.26

Volume

408,935 shs

Average Volume

858,321 shs

Market Capitalization

$6.27 billion

P/E Ratio

11.36

Dividend Yield

1.39%

Beta

1.14

Frequently Asked Questions

What sell-side analysts currently cover shares of Commercial Metals?

The following Wall Street analysts have issued research reports on Commercial Metals in the last year: Bank of America Co., BMO Capital Markets, Jefferies Financial Group Inc., StockNews.com, UBS Group AG, and Wolfe Research.
View the latest analyst ratings for CMC.

What is the current price target for Commercial Metals?

4 Wall Street analysts have set twelve-month price targets for Commercial Metals in the last year. Their average twelve-month price target is $65.25, suggesting a possible upside of 19.7%. Bank of America Co. has the highest price target set, predicting CMC will reach $69.00 in the next twelve months. BMO Capital Markets has the lowest price target set, forecasting a price of $62.00 for Commercial Metals in the next year.
View the latest price targets for CMC.

What is the current consensus analyst rating for Commercial Metals?

Commercial Metals currently has 2 hold ratings and 3 buy ratings from Wall Street analysts. The stock has a consensus analyst rating of "Moderate Buy."
View the latest ratings for CMC.

What other companies compete with Commercial Metals?

How do I contact Commercial Metals' investor relations team?

Commercial Metals' physical mailing address is 6565 N. MACARTHUR BLVD. SUITE 800 P O BOX 1046, IRVING TX, 75039. The basic materials company's listed phone number is (214) 689-4300 and its investor relations email address is [email protected]. The official website for Commercial Metals is www.cmc.com. Learn More about contacing Commercial Metals investor relations.