Stock Price
P/E Ratio
Volume Traded Today
Dividend
52 Week High/low
Commercial Metals Co Market Cap
From what 9 stock analysts predict, the share price for Commercial Metals Co (CMC) might increase by 18.89% in the next year. This is based on a 12-month average estimation for CMC. Price targets go from $60 to $69. The majority of stock analysts believe CMC is a buy. Please note analyst price targets are not guaranteed and could be missed completely.
About 9 Wall Street analysts have assigned CMC 4 buy ratings, 4 hold ratings, and 1 sell ratings. This means that analysts expect Commercial Metals Co to outperform the market. Keep in mind that these ratings are typically refreshed every quarter, underscoring the importance of conducting your own research on CMC. Don't forget to include both technical and fundamental analysis, as well as staying informed on news that could influence these ratings, in your due diligence.
These are the latest 20 analyst ratings of CMC.
|
Analyst/Firm |
Rating |
Price Target |
Change |
Date |
|---|---|---|---|---|
| Seth Rosenfeld Jefferies | Buy | $65 | Initiates | Sep 3, 2024 |
| Lawson Winder B of A Securities | Buy | $69 | Maintains | Jun 26, 2024 |
| Katja Jancic BMO Capital | Market Perform | $60 | Maintains | Mar 22, 2024 |
| Cleve Rueckert UBS | Buy | $65 | Initiates | Jan 16, 2024 |
| Katja Jancic BMO Capital | Market Perform | $52 | Maintains | Jan 9, 2024 |
| Alexander Hacking Citigroup | Neutral | $48 | Maintains | Oct 16, 2023 |
| David Gagliano BMO Capital | Market Perform | $50 | Maintains | Oct 13, 2023 |
| Cleve Rueckert UBS | Buy | $63 | Initiates | Jul 11, 2023 |
| David Gagliano BMO Capital | Market Perform | $58 | Maintains | Jun 23, 2023 |
| Lawson Winder B of A Securities | Buy | $60 | Upgrade | Apr 5, 2023 |
| Philip Gibbs Keybanc | Sector Weight | Downgrade | Feb 23, 2023 | |
| Alexander Hacking Citigroup | Neutral | $56 | Maintains | Feb 15, 2023 |
| Philip Gibbs Keybanc | Overweight | $57 | Maintains | Jan 11, 2023 |
| David Gagliano BMO Capital | Market Perform | $56 | Maintains | Jan 10, 2023 |
| Emily Chieng Goldman Sachs | Neutral | $53 | Maintains | Jan 10, 2023 |
| Lawson Winder B of A Securities | Neutral | $55 | Reinstates | Jan 4, 2023 |
| Philip Gibbs Keybanc | Overweight | $50 | Maintains | Nov 22, 2022 |
| Philip Gibbs Keybanc | Overweight | $46 | Maintains | Oct 17, 2022 |
| Alexander Hacking Citigroup | Neutral | $44 | Maintains | Oct 14, 2022 |
| David Gagliano BMO Capital | Market Perform | $43 | Maintains | Oct 14, 2022 |
When did it IPO
1987
Staff Count
13,022
Country
United States
Sector/Industry
Basic Materials/Steel
CEO
Mr. Peter R. Matt
Market Cap
$6.13B
In 2023, CMC generated $8.80B in revenue, which was a decrease of -1.28% from the previous year. This can be seen as a signal that CMC's business is declining, and its share price could be worth less in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.
Revenue From 2020
Revenue From 2021
Revenue From 2022
Revenue From 2023
Tue, 01 Oct 2024
Sentiment - NEUTRAL
Source - PRNewsWire
Summary - Commercial Metals Company appointed Kekin Ghelani as Senior VP and Chief Strategy Officer, effective October 1, 2024.
Why It Matters - The appointment of a new Chief Strategy Officer can signal strategic shifts or renewed focus for Commercial Metals Company, potentially impacting future growth and profitability.
Wed, 25 Sep 2024
Sentiment - NEUTRAL
Source - PRNewsWire
Summary - Commercial Metals Company (NYSE: CMC) will hold its fourth quarter earnings conference call for fiscal 2024 on September 25, 2024, at 10:00 a.m.
Why It Matters - The rescheduling of Commercial Metals Company's earnings call may indicate a critical update or strategic decision, impacting investor expectations and stock performance.
Tue, 17 Sep 2024
Sentiment - NEUTRAL
Source - PRNewsWire
Summary - Commercial Metals Company (NYSE: CMC) will host a live conference call on October 17, 2024, at 11:00 a.m. for its fiscal 2024 fourth quarter earnings release.
Why It Matters - The upcoming conference call on October 17, 2024, will provide insights into Commercial Metals Company's fourth quarter earnings, influencing stock performance and investor sentiment.
Tue, 10 Sep 2024
Sentiment - POSITIVE
Source - Zacks Investment Research
Summary - Commercial Metals (CMC) has a strong history of earnings surprises and is well-positioned for a potential earnings beat in its upcoming quarterly report.
Why It Matters - Commercial Metals' strong earnings surprise history and favorable conditions suggest potential for positive performance, indicating confidence in upcoming results and possible stock price appreciation.
Thu, 22 Aug 2024
Sentiment - NEUTRAL
Source - PRNewsWire
Summary - Commercial Metals Company (NYSE: CMC) has been recognized on TIME's first list of America's Best Mid-Size Companies 2024, in partnership with Statista Inc.
Why It Matters - Commercial Metals Company's recognition on TIME's list enhances its reputation, potentially attracting more investors and boosting stock performance due to increased credibility and visibility.
Fri, 09 Aug 2024
Sentiment - NEGATIVE
Source - Zacks Investment Research
Summary - Steel prices are declining, and China's economic slowdown affects the Zacks Steel Producers industry. Companies PKX, MT, and CMC are well-positioned to manage these challenges.
Why It Matters - Slumping steel prices and weak demand in China could negatively impact revenue for steel producers, while PKX, MT, and CMC may be better positioned to withstand these challenges.
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