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Commercial Metals Co (CMC) Stock Forecast & Price Prediction

Live CMC Stock Price & Analysis

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$49.63

-0.51 (-1.02%)

12 Month Price Forecast For CMC

$49.63
Current Price
$5.64B
Market Cap
11 Ratings
Buy 3
Hold 8
Sell 0
Wall St Analyst Ratings

Distance to CMC Price Forecasts

+41.0%
To High Target of $70.00
+16.9%
To Median Target of $58.00
+2.5%
To Low Target of $50.87

CMC Price Momentum

+4.2%
1 Week Change
+5.8%
1 Month Change
-8.3%
1 Year Change
+1.0%
Year-to-Date Change
-23.1%
From 52W High of $64.53
+9.1%
From 52W Low of $45.50

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Disclaimer: The information provided by Ticker Nerd is for educational and informational purposes only. It should not be considered financial or investment advice. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance.

Data last updated: February 10, 2025 2:50 PM UTC

CMC Analyst Ratings & Price Targets

Based on our analysis of 16 Wall Street analysts, CMC has a consensus that is neutral. The median price target is $58.00, with forecasts ranging from $50.87 to $70.00. Currently, there are 3 Buy ratings, 8 Hold ratings, and 0 Sell ratings.

With CMC currently trading at $49.63, the median price forecast suggests a 16.9% upside. The most optimistic forecast comes from at , projecting a 41.0% upside, while at provides the most conservative target, suggesting a 2.5% upside.

Please note that analyst price targets are forward-looking estimates subject to substantial market, economic, and company-specific risks. Past performance does not guarantee future results, and actual stock performance may materially differ from these projections. Investors should conduct their own due diligence and consider their investment objectives and risk tolerance before making investment decisions.

CMC Analyst Consensus

3
Buy
8
Hold
0
Sell

CMC Price Target Range

Low
$50.87
Average
$58.00
High
$70.00
Current: $49.63

Latest CMC Stock Forecasts by Analyst

These are the latest 20 analyst ratings and price targets for CMC.

Date Firm Analyst Rating Change Price Target
Feb 3, 2025 Morgan Stanley Piyush Sood Equal-Weight Maintains $56.00
Jan 10, 2025 UBS Curt Woodworth Neutral Upgrade $54.00
Jan 6, 2025 Jefferies Seth Rosenfeld Buy Maintains $62.00
Jan 3, 2025 BMO Capital Katja Jancic Market Perform Maintains $58.00
Dec 12, 2024 UBS Curt Woodworth Sell Downgrade $56.00
Dec 2, 2024 Goldman Sachs Mike Harris Buy Initiates $75.00
Oct 9, 2024 Wolfe Research Timna Tanners Peer Perform Downgrade $0.00
Sep 3, 2024 Jefferies Seth Rosenfeld Buy Initiates $65.00
Jun 26, 2024 B of A Securities Lawson Winder Buy Maintains $69.00
Mar 22, 2024 BMO Capital Katja Jancic Market Perform Maintains $60.00
Jan 16, 2024 UBS Cleve Rueckert Buy Initiates $65.00
Jan 9, 2024 BMO Capital Katja Jancic Market Perform Maintains $52.00
Oct 16, 2023 Citigroup Alexander Hacking Neutral Maintains $48.00
Oct 13, 2023 BMO Capital David Gagliano Market Perform Maintains $50.00
Jul 11, 2023 UBS Cleve Rueckert Buy Initiates $63.00
Jun 23, 2023 BMO Capital David Gagliano Market Perform Maintains $58.00
Apr 5, 2023 B of A Securities Lawson Winder Buy Upgrade $60.00
Feb 23, 2023 Keybanc Philip Gibbs Sector Weight Downgrade $0.00
Feb 15, 2023 Citigroup Alexander Hacking Neutral Maintains $56.00
Jan 11, 2023 Keybanc Philip Gibbs Overweight Maintains $57.00

Stocks Similar to Commercial Metals Co

The following stocks are similar to CMC based on their market capitalization and industry sector. These similar stocks potentially provide investors with alternative investment opportunities within the same market segment.

Commercial Metals Co (CMC) Financial Data

Commercial Metals Co has a market capitalization of $5.64B with a P/E ratio of 44.7x. The company generates $7.93B in trailing twelve-month revenue with a 6.1% profit margin.

Revenue growth is -9.6% quarter-over-quarter, while maintaining an operating margin of +7.8% and return on equity of +11.5%.

Valuation Metrics

Market Cap $5.64B
Enterprise Value $6.08B
P/E Ratio 44.7x
PEG Ratio 10.6x
Price/Sales 0.7x

Growth & Margins

Revenue Growth (YoY) -9.6%
Gross Margin +16.1%
Operating Margin +7.8%
Net Margin +6.1%
EPS Growth -43.6%

Financial Health

Cash/Price Ratio +15.2%
Current Ratio 3.9x
Debt/Equity 31.8x
ROE +11.5%
ROA +6.4%

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Commercial Metals Co logo

Commercial Metals Co (CMC) Company Overview

About Commercial Metals Co

What They Do

Manufactures and recycles steel and metal products.

Business Model

The company operates through three segments: North America Steel Group, Europe Steel Group, and Emerging Businesses Group, generating revenue by processing and selling ferrous and nonferrous scrap metals, finished long steel products, and providing fabrication services. It serves a diverse clientele, including steel mills, construction companies, and manufacturers in various industries.

Additional Information

Founded in 1915 and headquartered in Irving, Texas, the company has a strong international presence, with operations in countries such as Poland and China. It also engages in the rental and sale of construction-related products, catering to the growing demand in the construction sector.

Company Information

Sector

Basic Materials

Industry

Steel

Employees

13,178

CEO

Mr. Peter R. Matt

Country

United States

IPO Year

1987

Commercial Metals Co (CMC) Latest News & Analysis

CMC stock latest news image
Quick Summary

CMC's fiscal Q1 showed revenue declines and margin pressures, but North American steel exceeded expectations. Concerns about destocking persist, while long-term non-residential indicators improve.

Why It Matters

Mixed results indicate underlying challenges, but strong North American performance and positive long-term indicators may signal resilience. Destocking and future growth in infrastructure spending are critical factors.

Source: Seeking Alpha
Market Sentiment: Positive
CMC stock latest news image
Quick Summary

Commercial Metals Company (NYSE: CMC) will hold its Q1 2025 Earnings Conference Call on January 6, 2024, at 11:00 AM ET, featuring CEO Peter Matt and CFO Paul Lawrence.

Why It Matters

The earnings call will provide insights into Commercial Metals Company's financial performance and strategic direction, influencing investor sentiment and stock valuation.

Source: Seeking Alpha
Market Sentiment: Neutral
CMC stock latest news image
Quick Summary

Commercial Metals Company reported a Q1 net loss of $175.7 million ($1.54/share) due to $265 million in litigation expenses. Adjusted earnings were $88.5 million. Cash flow from operations was $213 million.

Why It Matters

The significant net loss and high litigation expenses may raise red flags for investors, while stable cash flow and strategic growth plans indicate potential for future recovery.

Source: PRNewsWire
Market Sentiment: Neutral
CMC stock latest news image
Quick Summary

Commercial Metals (CMC) reported quarterly earnings of $0.78 per share, matching the Zacks Consensus Estimate, down from $1.63 per share year-over-year.

Why It Matters

Earnings in line with estimates suggest stability, but a significant year-over-year decline raises concerns about profitability and market conditions for Commercial Metals, impacting investor sentiment.

Source: Zacks Investment Research
Market Sentiment: Positive
CMC stock latest news image
Quick Summary

Commercial Metals (CMC) reported its quarterly performance for the period ending November 2024, with metrics to be compared against Wall Street estimates and prior year values.

Why It Matters

Key metrics relative to Wall Street estimates and prior year values indicate Commercial Metals' performance trends, impacting future earnings projections and stock valuation.

Source: Zacks Investment Research
Market Sentiment: Neutral
CMC stock latest news image
Quick Summary

CMC anticipates a decline in its consolidated financial results for the second quarter of fiscal 2025 compared to the previous quarter.

Why It Matters

A sequential decline in CMC's second-quarter fiscal 2025 results may signal weakening financial performance, potentially impacting stock valuation and investor sentiment.

Source: Zacks Investment Research
Market Sentiment: Neutral

Frequently Asked Questions About CMC Stock

What is Commercial Metals Co's (CMC) stock forecast for 2025?

Based on our analysis of 16 Wall Street analysts, Commercial Metals Co (CMC) has a median price target of $58.00. The highest price target is $70.00 and the lowest is $50.87.

Is CMC stock a good investment in 2025?

According to current analyst ratings, CMC has 3 Buy ratings, 8 Hold ratings, and 0 Sell ratings. The stock is currently trading at $49.63. Always conduct your own research and consider your investment goals before making investment decisions.

What is the price prediction for CMC stock?

Wall Street analysts predict CMC stock could reach $58.00 in the next 12 months. This represents a 16.9% increase from the current price of $49.63. Please note that this is a projection by Wall Street analysts and not a guarantee.

What is Commercial Metals Co's business model?

The company operates through three segments: North America Steel Group, Europe Steel Group, and Emerging Businesses Group, generating revenue by processing and selling ferrous and nonferrous scrap metals, finished long steel products, and providing fabrication services. It serves a diverse clientele, including steel mills, construction companies, and manufacturers in various industries.

What is the highest forecasted price for CMC Commercial Metals Co?

The highest price target for CMC is $70.00 from at , which represents a 41.0% increase from the current price of $49.63.

What is the lowest forecasted price for CMC Commercial Metals Co?

The lowest price target for CMC is $50.87 from at , which represents a 2.5% increase from the current price of $49.63.

What is the overall CMC consensus from analysts for Commercial Metals Co?

The overall analyst consensus for CMC is neutral. Out of 16 Wall Street analysts, 3 rate it as Buy, 8 as Hold, and 0 as Sell, with a median price target of $58.00.

How accurate are CMC stock price projections?

Stock price projections, including those for Commercial Metals Co, are based on various factors including financial models, market conditions, and analyst forecasts. While these predictions provide valuable insights, they should be considered alongside your own research and risk tolerance.