Commercial Metals - CMC Stock Price Target and Predictions

  • Consensus Rating: Hold
  • Consensus Price Target: $57.67
  • Forecasted Upside: 6.00%
  • Number of Analysts: 3
  • Breakdown:
  • 0 Sell Ratings
  • 2 Hold Ratings
  • 1 Buy Ratings
  • 0 Strong Buy Ratings
$54.40
▼ -1.36 (-2.44%)

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

Skip Closing Price Chart
1 month | 3 months | 12 months
Get New Commercial Metals Analyst Ratings Delivered To Your Inbox
Sign-up to receive the latest news and ratings for CMC and its competitors with Analyst Ratings Network’s free daily newsletter.

Analyst Price Target for CMC

Analyst Price Target is $57.67
▲ +6.00% Upside Potential
This price target is based on 3 analysts offering 12 month price targets for Commercial Metals in the last 3 months. The average price target is $57.67, with a high forecast of $65.00 and a low forecast of $48.00. The average price target represents a 6.00% upside from the last price of $54.40.

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

Read Analyst Price Chart DescriptionSkip Analyst Price Chart




Current Consensus is Hold

The current consensus among 3 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

Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart
  • 0 strong buy ratings
  • 1 buy ratings
  • 2 hold ratings
  • 0 sell ratings
10/23/2022
  • 0 strong buy ratings
  • 1 buy ratings
  • 2 hold ratings
  • 0 sell ratings
1/21/2023
  • 0 strong buy ratings
  • 1 buy ratings
  • 2 hold ratings
  • 0 sell ratings
4/21/2023
  • 0 strong buy ratings
  • 1 buy ratings
  • 2 hold ratings
  • 0 sell ratings
7/20/2023
  • 0 strong buy ratings
  • 1 buy ratings
  • 2 hold ratings
  • 0 sell ratings
10/18/2023
  • 0 strong buy ratings
  • 1 buy ratings
  • 2 hold ratings
  • 0 sell ratings
1/16/2024
  • 0 strong buy ratings
  • 1 buy ratings
  • 2 hold ratings
  • 0 sell ratings
3/16/2024
  • 0 strong buy ratings
  • 1 buy ratings
  • 2 hold ratings
  • 0 sell ratings
4/15/2024

Latest Recommendations

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

Display Ratings By
DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
3/22/2024BMO Capital MarketsBoost TargetMarket Perform ➝ Market Perform$52.00 ➝ $60.00Low
1/16/2024UBS GroupInitiated CoverageBuy$65.00Low
1/9/2024BMO Capital MarketsBoost TargetMarket Perform ➝ Market Perform$50.00 ➝ $52.00Low
10/16/2023CitigroupLower TargetNeutral ➝ Neutral$56.00 ➝ $48.00Low
10/13/2023BMO Capital MarketsLower TargetMarket Perform ➝ Market Perform$58.00 ➝ $50.00Low
7/11/2023UBS GroupInitiated CoverageBuy$63.00Low
6/23/2023BMO Capital MarketsBoost Target$56.00 ➝ $58.00Low
4/5/2023Bank of AmericaUpgradeNeutral ➝ Buy$56.00 ➝ $60.00Low
2/15/2023CitigroupBoost TargetNeutral$54.00 ➝ $56.00Low
1/11/2023KeyCorpBoost TargetOverweight$50.00 ➝ $57.00Low
1/10/2023The Goldman Sachs GroupBoost TargetNeutral$48.00 ➝ $53.00Low
1/10/2023BMO Capital MarketsBoost TargetMarket Perform$49.00 ➝ $56.00Low
1/4/2023Bank of AmericaInitiated CoverageNeutral ➝ Neutral$55.00Low
11/22/2022KeyCorpBoost TargetOverweight$46.00 ➝ $50.00Low
10/17/2022KeyCorpBoost TargetOverweight$45.00 ➝ $46.00Low
10/14/2022BMO Capital MarketsBoost TargetMarket Perform$37.00 ➝ $43.00Low
10/14/2022CitigroupBoost TargetNeutral$42.00 ➝ $44.00Low
10/6/2022The Goldman Sachs GroupLower TargetNeutral$41.00 ➝ $37.00Low
9/13/2022CitigroupBoost Target$42.00Low
7/19/2022KeyCorpLower TargetOverweight$49.00 ➝ $45.00Low
6/17/2022CitigroupLower TargetNeutral$44.00 ➝ $36.00Medium
6/17/2022Credit Suisse GroupBoost TargetNeutral$37.00 ➝ $39.00High
6/14/2022JPMorgan Chase & Co.Lower Target$55.00 ➝ $54.00Medium
6/7/2022KeyCorpBoost TargetOverweight$48.00 ➝ $49.00High
5/31/2022The Goldman Sachs GroupLower Target$42.00 ➝ $38.00High
5/19/2022KeyCorpLower TargetOverweight$50.00 ➝ $48.00Low
4/20/2022KeyCorpBoost TargetOverweight$47.00 ➝ $50.00High
3/24/2022JPMorgan Chase & Co.Boost TargetOverweight$47.00 ➝ $55.00High
3/18/2022BMO Capital MarketsBoost TargetMarket Perform$40.00 ➝ $45.00Medium
3/16/2022KeyCorpBoost TargetOverweight$42.00 ➝ $45.00Low
1/21/2022Exane BNP ParibasUpgradeNeutral ➝ Outperform$45.00High
1/21/2022BNP ParibasUpgradeNeutral ➝ Outperform$45.00High
1/11/2022BMO Capital MarketsBoost Target$34.00 ➝ $40.00Low
12/10/2021JPMorgan Chase & Co.UpgradeNeutral ➝ Overweight$42.00Medium
11/16/2021Wolfe ResearchInitiated CoverageOutperform$41.00Medium
10/6/2021The Goldman Sachs GroupUpgradeSell ➝ Neutral$31.00 ➝ $33.00Low
9/15/2021Deutsche Bank AktiengesellschaftUpgradeHold$32.00 ➝ $36.00High
7/1/2021BMO Capital MarketsBoost TargetHold$26.00 ➝ $32.00Low
6/16/2021JPMorgan Chase & Co.Initiated CoverageNeutral$39.00High
5/10/2021Credit Suisse GroupReiterated RatingOutperform ➝ Neutral$25.00 ➝ $33.00N/A
5/4/2021Credit Suisse GroupDowngradeOutperform ➝ Neutral$25.00 ➝ $33.00High
4/9/2021The Goldman Sachs GroupInitiated CoverageSell$29.00Medium
3/19/2021BMO Capital MarketsBoost TargetMarket Perform$23.00 ➝ $32.00Medium
1/12/2021Smith Barney CitigroupBoost Target$21.00 ➝ $22.00High
1/12/2021Bank of AmericaDowngradeNeutral ➝ Underperform$21.00 ➝ $21.00High
1/8/2021Deutsche Bank AktiengesellschaftDowngradeBuy ➝ Hold$22.00 ➝ $22.00High
12/3/2020BNP ParibasDowngradeOutperform ➝ Neutral$21.00High
10/16/2020CitigroupBoost TargetNeutral$21.00 ➝ $24.00Medium
10/16/2020Bank of AmericaDowngradeBuy ➝ Neutral$24.00Medium
8/17/2020CowenBoost TargetMarket Perform$20.00 ➝ $22.00Medium
6/22/2020Deutsche Bank AktiengesellschaftBoost Target$20.00 ➝ $24.00Low
6/22/2020CowenBoost TargetMarket Perform$17.00 ➝ $20.00Low
6/19/2020Credit Suisse GroupBoost TargetOutperform$24.00 ➝ $25.00High
6/19/2020BMO Capital MarketsBoost TargetMarket Perform$15.00 ➝ $22.00High
6/8/2020CitigroupDowngradeBuy ➝ Neutral$22.00 ➝ $21.00High
3/23/2020CitigroupUpgradeBuy$22.00High
3/17/2020Credit Suisse GroupLower TargetOutperform$27.00 ➝ $25.00High
3/17/2020Bank of AmericaUpgradeUnderperform ➝ BuyHigh
11/26/2019Deutsche Bank AktiengesellschaftUpgradeHold ➝ Buy$18.50 ➝ $25.00Medium
11/26/2019BMO Capital MarketsInitiated CoverageMarket Perform$23.00Medium
11/14/2019Exane BNP ParibasInitiated CoverageOutperformMedium
10/24/2019Bank of AmericaBoost TargetUnderperform$13.00 ➝ $15.00Low
9/23/2019JPMorgan Chase & Co.Set TargetBuy$22.00Low
9/22/2019The Goldman Sachs GroupDowngradeBuy ➝ Neutral$20.00Low
7/11/2019Deutsche Bank AktiengesellschaftDowngradeBuy ➝ Hold$18.00Medium
6/11/2019CitigroupSet TargetHold$16.00Low
5/31/2019Bank of AmericaReiterated RatingUnderperform$18.00Low
5/30/2019Deutsche Bank AktiengesellschaftSet TargetBuy$18.00High
(Data available from 4/16/2019 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
  • 13 very positive mentions
  • 0 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
9/19/2023
  • 18 very positive mentions
  • 5 positive mentions
  • 6 negative mentions
  • 0 very negative mentions
10/19/2023
  • 2 very positive mentions
  • 0 positive mentions
  • 2 negative mentions
  • 0 very negative mentions
11/18/2023
  • 5 very positive mentions
  • 3 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
12/18/2023
  • 9 very positive mentions
  • 7 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
1/17/2024
  • 18 very positive mentions
  • 2 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
2/16/2024
  • 18 very positive mentions
  • 6 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
3/17/2024
  • 19 very positive mentions
  • 17 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
4/16/2024

Current Sentiment

  • 19 very positive mentions
  • 17 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.
Read More

Today's Range

Now: $54.40
Low: $54.31
High: $55.19

50 Day Range

MA: $55.22
Low: $50.95
High: $59.01

52 Week Range

Now: $54.40
Low: $39.85
High: $59.81

Volume

38,612 shs

Average Volume

1,000,395 shs

Market Capitalization

$6.29 billion

P/E Ratio

9.44

Dividend Yield

1.30%

Beta

1.33

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: BMO Capital Markets, Citigroup Inc., StockNews.com, and UBS Group AG.
View the latest analyst ratings for CMC.

What is the current price target for Commercial Metals?

3 Wall Street analysts have set twelve-month price targets for Commercial Metals in the last year. Their average twelve-month price target is $57.67, suggesting a possible upside of 6.0%. UBS Group AG has the highest price target set, predicting CMC will reach $65.00 in the next twelve months. Citigroup Inc. has the lowest price target set, forecasting a price of $48.00 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 1 buy rating 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?

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.