NYSE:CMC - Commercial Metals Stock Price Target and Predictions

Target and Analyst Ratings
Price Target History
Upgrades and Downgrades
About
FAQ

Consensus Rating: Hold
Consensus Price Target: $26.50
Forecasted Upside: -12.16 %
Number of Analysts: 9
Breakdown:
2 Sell Ratings
7 Hold Ratings
0 Buy Ratings
0 Strong Buy Ratings

^$30.17 As of 06/17/2021 04:59 PM ET

▼ -1.18 (-3.76%)

1 month | 3 months | 12 months

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Analyst Price Target for CMC

i We calculate consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). Our consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. Our consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

^$26.50

▼ -12.16% Downside Potential

This price target is based on 9 analysts offering 12 month price targets for Commercial Metals in the last 3 months. The average price target is $26.50, with a high forecast of $39.00 and a low forecast of $21.00. The average price target represents a -12.16% upside from the last price of $30.17.

Hold

The current consensus among 9 contributing investment analysts is to hold stock in Commercial Metals. This Hold consensus rating has held steady for over two years.

Past Monthly Recommendations

Move your mouse over past months for details

0 strong buy ratings
2 buy ratings
6 hold ratings
2 sell ratings

Ratings as of

12/24/2019

0 strong buy ratings
1 buy ratings
6 hold ratings
2 sell ratings

Ratings as of

3/23/2020

0 strong buy ratings
1 buy ratings
5 hold ratings
2 sell ratings

Ratings as of

6/21/2020

0 strong buy ratings
1 buy ratings
6 hold ratings
2 sell ratings

Ratings as of

9/19/2020

0 strong buy ratings
0 buy ratings
5 hold ratings
1 sell ratings

Ratings as of

12/18/2020

0 strong buy ratings
0 buy ratings
6 hold ratings
1 sell ratings

Ratings as of

3/18/2021

0 strong buy ratings
0 buy ratings
6 hold ratings
2 sell ratings

Ratings as of

5/17/2021

0 strong buy ratings
0 buy ratings
7 hold ratings
2 sell ratings

Ratings as of

6/16/2021

Latest Recommendations

Show Most Recent Rating from Each Ratings Firm Show All Ratings

Date	Brokerage	Action	Rating	Price Target	Impact on Share Price	Details
6/16/2021	JPMorgan Chase & Co.	Initiated Coverage	Neutral	$39.00	High	i
5/10/2021	Credit Suisse Group	Reiterated Rating	Outperform ➝ Neutral	$25.00 ➝ $33.00	N/A	i
5/4/2021	Credit Suisse Group	Downgrade	Outperform ➝ Neutral	$25.00 ➝ $33.00	High	i
4/9/2021	The Goldman Sachs Group	Initiated Coverage	Sell	$29.00	Medium	i
3/19/2021	BMO Capital Markets	Boost Price Target	Market Perform	$23.00 ➝ $32.00	Medium	i
1/12/2021	Smith Barney Citigroup	Boost Price Target		$21.00 ➝ $22.00	High	i
1/12/2021	Bank of America	Downgrade	Neutral ➝ Underperform	$21.00 ➝ $21.00	High	i
1/8/2021	Deutsche Bank Aktiengesellschaft	Downgrade	Buy ➝ Hold	$22.00 ➝ $22.00	High	i
12/3/2020	BNP Paribas	Downgrade	Outperform ➝ Neutral	$21.00	High	i
10/16/2020	Citigroup	Boost Price Target	Neutral	$21.00 ➝ $24.00	Medium	i Rating by Alexander Hacking at Citigroup Inc.
10/16/2020	Bank of America	Downgrade	Buy ➝ Neutral	$24.00	Medium	i
8/17/2020	Cowen	Boost Price Target	Market Perform	$20.00 ➝ $22.00	Medium	i
6/22/2020	Deutsche Bank Aktiengesellschaft	Boost Price Target		$20.00 ➝ $24.00	Low	i
6/22/2020	Cowen	Boost Price Target	Market Perform	$17.00 ➝ $20.00	Low	i
6/19/2020	Credit Suisse Group	Boost Price Target	Outperform	$24.00 ➝ $25.00	High	i
6/19/2020	BMO Capital Markets	Boost Price Target	Market Perform	$15.00 ➝ $22.00	High	i
6/8/2020	Citigroup	Downgrade	Buy ➝ Neutral	$22.00 ➝ $21.00	High	i Rating by Alexander Hacking at Citigroup Inc.
3/23/2020	Citigroup	Upgrade	Buy	$22.00	High	i Rating by Alexander Hacking at Citigroup Inc.
3/17/2020	Credit Suisse Group	Lower Price Target	Outperform	$27.00 ➝ $25.00	High	i
3/17/2020	Bank of America	Upgrade	Underperform ➝ Buy		High	i
11/26/2019	Deutsche Bank Aktiengesellschaft	Upgrade	Hold ➝ Buy	$18.50 ➝ $25.00	Medium	i Rating by Chris Terry at Deutsche Bank Aktiengesellschaft
11/26/2019	BMO Capital Markets	Initiated Coverage	Market Perform	$23.00	Medium	i
11/14/2019	Exane BNP Paribas	Initiated Coverage	Outperform		Medium	i
10/24/2019	Bank of America	Boost Price Target	Underperform	$13.00 ➝ $15.00	Low	i
9/23/2019	JPMorgan Chase & Co.	Set Price Target	Buy	$22.00	Low	i Rating by Michael Gambardella at JPMorgan Chase & Co.
9/22/2019	The Goldman Sachs Group	Downgrade	Buy ➝ Neutral	$20.00	Low	i
7/11/2019	Deutsche Bank Aktiengesellschaft	Downgrade	Buy ➝ Hold	$18.00	Medium	i Rating by Chris Terry at Deutsche Bank Aktiengesellschaft
6/11/2019	Citigroup	Set Price Target	Hold	$16.00	Low	i Rating by Alexander Hacking at Citigroup Inc.
5/31/2019	Bank of America	Reiterated Rating	Underperform	$18.00	Low	i
5/30/2019	Deutsche Bank Aktiengesellschaft	Set Price Target	Buy	$18.00	High	i Rating by Chris Terry at Deutsche Bank Aktiengesellschaft
4/9/2019	Cowen	Reiterated Rating	Market Perform ➝ Market Perform	$17.00 ➝ $18.50	High	i
3/22/2019	Macquarie	Upgrade	Neutral ➝ Outperform	$15.23 ➝ $17.37	High	i Rating by David Lipschitz at Macquarie
1/14/2019	The Goldman Sachs Group	Upgrade	Neutral ➝ Buy	$21.00	Low	i Rating by Matthew Korn at The Goldman Sachs Group, Inc.
1/8/2019	Seaport Global Securities	Reiterated Rating	Hold		Medium	i Rating by D. Hernandez at Seaport Global Securities
1/8/2019	Cowen	Initiated Coverage	Market Perform ➝ Market Perform	$17.00	Medium	i
1/8/2019	Macquarie	Set Price Target	Hold	$21.00	Medium	i Rating by David Lipschitz at Macquarie
1/8/2019	Citigroup	Set Price Target	Hold	$18.00	Medium	i Rating by Alexander Hacking at Citigroup Inc.
12/3/2018	Longbow Research	Set Price Target	Buy	$25.00	Low	i Rating by Chris Olin at Longbow Research
11/6/2018	Citigroup	Boost Price Target	Neutral ➝ Hold	$19.00 ➝ $22.00	Low	i Rating by Alexander Hacking at Citigroup Inc.
10/29/2018	Citigroup	Lower Price Target	Neutral ➝ Neutral	$24.00 ➝ $19.00	Medium	i Rating by Alexander Hacking at Citigroup Inc.
10/26/2018	Macquarie	Set Price Target	Hold	$23.00	Low	i Rating by David Lipschitz at Macquarie
10/11/2018	Seaport Global Securities	Initiated Coverage	Neutral	$20.00	Medium	i Rating by D. Hernandez at Seaport Global Securities
10/2/2018	Deutsche Bank Aktiengesellschaft	Downgrade	Buy		High	i Rating by Chris Terry at Deutsche Bank Aktiengesellschaft
8/13/2018	The Goldman Sachs Group	Upgrade	Sell ➝ Neutral	$24.00	High	i Rating by Matthew Korn at The Goldman Sachs Group, Inc.
6/27/2018	Bank of America	Downgrade	Neutral ➝ Underperform		Low	i Rating by Timna Tanners at Bank of America Co.
6/19/2018	Bank of America	Downgrade	Neutral ➝ Underperform	$24.00	High	i Rating by Timna Tanners at Bank of America Co.
6/12/2018	Citigroup	Boost Price Target	Neutral ➝ Hold	$22.00 ➝ $24.00	Low	i Rating by Alexander Hacking at Citigroup Inc.
5/31/2018	Macquarie	Reiterated Rating	Neutral		Medium	i Rating by David Lipschitz at Macquarie
5/17/2018	Macquarie	Upgrade	Underperform ➝ Neutral	$24.00	Medium	i
4/6/2018	Longbow Research	Initiated Coverage	Buy ➝ Buy	$27.00	High	i
4/3/2018	Citigroup	Downgrade	Buy ➝ Neutral	$26.72 ➝ $22.00	Low	i Rating by Alexander Hacking at Citigroup Inc.
3/29/2018	Deutsche Bank Aktiengesellschaft	Lower Price Target	Buy ➝ Buy	$27.00 ➝ $26.00	Medium	i
3/23/2018	Jefferies Financial Group	Reiterated Rating	Buy		High	i
3/20/2018	The Goldman Sachs Group	Initiated Coverage	Sell ➝ Sell	$25.00 ➝ $25.00	Medium	i
3/14/2018	Bank of America	Downgrade	Buy ➝ Neutral	$25.36 ➝ $28.00	High	i Rating by Timna Tanners at Bank of America Co.
3/9/2018	JPMorgan Chase & Co.	Upgrade	Neutral ➝ Overweight		Low	i
12/7/2017	Bank of America	Upgrade	Neutral ➝ Buy	$21.00 ➝ $24.00	High	i
10/30/2017	Jefferies Financial Group	Lower Price Target	Buy	$26.00 ➝ $24.00	N/A	i
10/17/2017	Jefferies Financial Group	Upgrade	Hold ➝ Buy		N/A	i
9/15/2017	Citigroup	Lower Price Target	Buy	$22.00 ➝ $21.00	High	i Rating by Alexander Hacking at Citigroup Inc.
9/6/2017	Macquarie	Initiated Coverage	Underperform ➝ Underperform	$16.00	Medium	i
9/5/2017	Bank of America	Reiterated Rating	Neutral	$20.00 ➝ $21.00	Low	i
8/15/2017	Clarkson Capital	Reiterated Rating	Sell	$16.00	Low	i
6/28/2017	Jefferies Financial Group	Reiterated Rating	Hold	$19.00	Low	i
6/25/2017	Bank of America	Reiterated Rating	Neutral	$19.00 ➝ $20.00	Low	i
6/13/2017	Citigroup	Upgrade	Neutral ➝ Buy	$21.00 ➝ $22.00	High	i
6/8/2017	Bank of America	Downgrade	Buy ➝ Neutral	$21.00 ➝ $19.00	High	i
5/24/2017	Jefferies Financial Group	Reiterated Rating	Hold	$19.00	Medium	i
4/19/2017	Jefferies Financial Group	Reiterated Rating	Hold	$20.00 ➝ $19.00	High	i
3/28/2017	Credit Suisse Group	Upgrade	Neutral ➝ Outperform	$19.00 ➝ $24.00	High	i Rating by Curt Woodworth at Credit Suisse Group AG
3/21/2017	Deutsche Bank Aktiengesellschaft	Lower Price Target	Buy	$26.00	High	i Rating by Jorge Beristain at Deutsche Bank Aktiengesellschaft
3/2/2017	Clarkson Capital	Downgrade	Neutral ➝ Sell		N/A	i Rating by L. Mcmillan at Clarkson Capital
2/15/2017	Clarkson Capital	Upgrade	Sell ➝ Neutral	$16.00 ➝ $18.00	N/A	i Rating by L. Mcmillan at Clarkson Capital
1/19/2017	Citigroup	Downgrade	Buy ➝ Neutral	$21.00	N/A	i
1/13/2017	Credit Suisse Group	Reiterated Rating	Neutral	$15.00 ➝ $19.00	N/A	i Rating by Curt Woodworth at Credit Suisse Group AG
1/10/2017	Jefferies Financial Group	Lower Price Target	Neutral ➝ Hold	$24.00 ➝ $22.00	N/A	i
1/5/2017	Deutsche Bank Aktiengesellschaft	Initiated Coverage	Buy	$27.00	N/A	i
12/13/2016	Clarkson Capital	Downgrade	Neutral ➝ Sell		N/A	i Rating by L. Mcmillan at Clarkson Capital
12/12/2016	Jefferies Financial Group	Downgrade	Buy ➝ Hold	$24.00	N/A	i
11/11/2016	DA Davidson	Downgrade	Buy ➝ Neutral	$19.00 ➝ $22.00	N/A	i Rating by B. Thielman at DA Davidson
11/9/2016	Citigroup	Upgrade	Neutral ➝ Buy	$16.00 ➝ $20.00	N/A	i
11/9/2016	Bank of America	Upgrade	Neutral ➝ Buy		N/A	i
11/9/2016	Jefferies Financial Group	Upgrade	Hold ➝ Buy	$15.50 ➝ $20.00	N/A	i Rating by Mike McCormack at Jefferies Financial Group Inc.
11/4/2016	Clarkson Capital	Upgrade	Sell ➝ Neutral		N/A	i Rating by L. Mcmillan at Clarkson Capital
10/31/2016	Macquarie	Downgrade	Outperform ➝ Neutral		N/A	i
10/8/2016	Credit Suisse Group	Set Price Target	Hold	$15.00	N/A	i Rating by Curt Woodworth at Credit Suisse Group AG
9/16/2016	Jefferies Financial Group	Reiterated Rating	Hold	$16.50	N/A	i Rating by Mike McCormack at Jefferies Financial Group Inc.
8/22/2016	Citigroup	Initiated Coverage	Neutral	$16.00	N/A	i
7/20/2016	Bank of America	Downgrade	Neutral		N/A	i
6/27/2016	Clarkson Capital	Downgrade	Neutral ➝ Sell		N/A	i Rating by L. Mcmillan at Clarkson Capital

(Data available from 6/17/2016 forward)

Commercial Metals Company manufactures, recycles, and fabricates steel and metal products, and related materials and services in the United States, Poland, China, Germany, and internationally. 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 rebar, merchant bar, light structural, and other special sections, as well as semi-finished billets for re-rolling and forging applications. In addition, the company provides fabricated steel products 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.

Today's Range

Now: $30.17

$30.02

$31.86

50 Day Range

MA: $31.03

$28.22

$33.91

52 Week Range

Now: $30.17

$18.67

$34.02

Volume

109,518 shs

Average Volume

1,290,974 shs

Market Capitalization

$3.64 billion

P/E Ratio

13.84

Dividend Yield

1.47%

Beta

1.31

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, BNP Paribas, Citigroup Inc., Cowen Inc, Credit Suisse Group AG, Deutsche Bank Aktiengesellschaft, JPMorgan Chase & Co., Smith Barney Citigroup, The Goldman Sachs Group, Inc., and Zacks Investment Research.
View the latest analyst ratings for CMC.

What is the current price target for Commercial Metals?

10 Wall Street analysts have set twelve-month price targets for Commercial Metals in the last year. Their average twelve-month price target is $26.50, suggesting a possible downside of 15.5%. JPMorgan Chase & Co. has the highest price target set, predicting CMC will reach $39.00 in the next twelve months. BNP Paribas has the lowest price target set, forecasting a price of $21.00 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 sell ratings and 7 hold ratings from Wall Street analysts. The stock has a consensus analyst rating of "Hold." A "hold" rating indicates that analysts believe investors should keep any existing positions they have in CMC, but not buy more shares or sell existing shares.
View the latest ratings for CMC.

What other companies compete with Commercial Metals?

Other companies that are similar to Commercial Metals include Nucor, Steel Dynamics, Cleveland-Cliffs, Reliance Steel & Aluminum, United States Steel, Worthington Industries, Allegheny Technologies, Carpenter Technology, Schnitzer Steel Industries, Haynes International, Olympic Steel and Universal Stainless & Alloy Products.

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.