Commercial Metals Company (CMC) Stock Forecast, Price Target & Predictions
CMC Stock Forecast
Commercial Metals Company stock forecast is as follows: an average price target of $62.00 (represents a 23.33% upside from CMC’s last price of $50.27) and a rating consensus of 'Buy', based on 6 wall street analysts offering a 1-year stock forecast.
CMC Price Target
The average price target for Commercial Metals Company (CMC) is $62.00 based on 1-year price targets from 6 Wall Street analysts in the past 3 months, with a price target range of $62.00 to $62.00. This represents a potential 23.33% upside from CMC's last price of $50.27.
CMC Analyst Ratings
According to 6 Wall Street analysts, Commercial Metals Company's rating consensus is 'Buy'. The analyst rating breakdown for CMC stock is 0 'Strong Buy' (0.00%), 3 'Buy' (50.00%), 3 'Hold' (50.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Commercial Metals Company Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Oct 18, 2024 | Katja Jancic | BMO Capital | $62.00 | $56.41 | 9.91% | 23.33% |
| Oct 09, 2024 | Tinma Tanners | Wolfe Research | $62.00 | $52.60 | 17.87% | 23.33% |
| Mar 22, 2024 | Katja Jancic | BMO Capital | $60.00 | $57.87 | 3.68% | 19.36% |
| Jan 08, 2024 | Alexander Hacking | Citigroup | $48.00 | $48.22 | -0.46% | -4.52% |
| Oct 18, 2022 | Mark Hughes Analyst | Truist Financial | $67.00 | $42.52 | 57.57% | 33.28% |
The latest Commercial Metals Company stock forecast, released on Oct 18, 2024 by Katja Jancic from BMO Capital, set a price target of $62.00, which represents a 9.91% increase from the stock price at the time of the forecast ($56.41), and a 23.33% increase from CMC last price ($50.27).
Commercial Metals Company Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 2 | 4 |
| Avg Price Target | - | $62.00 | $58.00 |
| Last Closing Price | $50.27 | $50.27 | $50.27 |
| Upside/Downside | -100.00% | 23.33% | 15.38% |
In the current month, the average price target of Commercial Metals Company stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Commercial Metals Company's last price of $50.27. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Oct 18, 2024 | BMO Capital | Market Perform | Market Perform | Hold |
| Oct 09, 2024 | Wolfe Research | Peer Perform | Downgrade | |
| Sep 03, 2024 | Jefferies | Buy | Initialise | |
| Jun 21, 2024 | Bank of America Securities | Buy | Buy | Hold |
| Jun 20, 2024 | BMO Capital | Market Perform | Market Perform | Hold |
| Jun 20, 2024 | Citigroup | Neutral | Neutral | Hold |
| Jan 08, 2024 | Goldman Sachs | Neutral | Neutral | Hold |
| Jan 08, 2024 | Citigroup | Sector Weight | Downgrade | |
| Apr 05, 2023 | Bank of America Securities | Buy | Upgrade | |
| Oct 18, 2022 | Truist Financial | Buy | Buy | Hold |
Commercial Metals Company's last stock rating was published by BMO Capital on Oct 18, 2024. The company gave CMC a "Market Perform" rating, the same as its previous rate.
Commercial Metals Company Financial Forecast
Commercial Metals Company Revenue Forecast
| Aug 27 | May 27 | Mar 27 | Dec 26 | Aug 26 | May 26 | Mar 26 | Dec 25 | Aug 25 | May 25 | Mar 25 | Dec 24 | Aug 24 | May 24 | Mar 24 | Dec 23 | Aug 23 | May 23 | Mar 23 | Dec 22 | Aug 22 | May 22 | Mar 22 | Dec 21 | Aug 21 | May 21 | Mar 21 | Dec 20 | Aug 20 | May 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $2.34B | - | - | $2.41B | $2.52B | - | - | $2.03B | $1.85B | - | - | $1.41B | $1.34B |
| Avg Forecast | $2.18B | $2.19B | $2.02B | $2.04B | $2.16B | $2.15B | $1.91B | $1.95B | $2.10B | $2.06B | $1.83B | $1.86B | $1.99B | $2.02B | $1.80B | $1.97B | $2.15B | $2.32B | $1.97B | $2.10B | $2.38B | $2.41B | $1.91B | $2.06B | $2.04B | $1.72B | $1.46B | $1.34B | $1.38B | $1.25B |
| High Forecast | $2.24B | $2.26B | $2.08B | $2.11B | $2.23B | $2.21B | $1.97B | $2.01B | $2.17B | $2.13B | $1.89B | $1.92B | $1.99B | $2.02B | $1.80B | $2.03B | $2.21B | $2.39B | $2.03B | $2.52B | $2.38B | $2.41B | $1.91B | $2.06B | $2.04B | $1.72B | $1.46B | $1.34B | $1.38B | $1.25B |
| Low Forecast | $2.11B | $2.12B | $1.96B | $1.99B | $2.10B | $2.08B | $1.85B | $1.89B | $2.04B | $2.00B | $1.78B | $1.81B | $1.99B | $2.02B | $1.80B | $1.91B | $2.08B | $2.25B | $1.91B | $1.68B | $2.38B | $2.41B | $1.91B | $2.06B | $2.04B | $1.72B | $1.46B | $1.34B | $1.38B | $1.25B |
| # Analysts | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 3 | 1 | 1 | 1 | 2 | 1 | 10 | 10 | 20 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 5 | 5 | 5 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.01% | - | - | 1.01% | 1.04% | - | - | 1.00% | 1.08% | - | - | 1.02% | 1.08% |
Commercial Metals Company's average Quarter revenue forecast for Aug 23 based on 1 analysts is $2.15B, with a low forecast of $2.08B, and a high forecast of $2.21B. CMC's average Quarter revenue forecast represents a -8.50% decrease compared to the company's last Quarter revenue of $2.34B (May 23).
Commercial Metals Company EBITDA Forecast
| Aug 27 | May 27 | Mar 27 | Dec 26 | Aug 26 | May 26 | Mar 26 | Dec 25 | Aug 25 | May 25 | Mar 25 | Dec 24 | Aug 24 | May 24 | Mar 24 | Dec 23 | Aug 23 | May 23 | Mar 23 | Dec 22 | Aug 22 | May 22 | Mar 22 | Dec 21 | Aug 21 | May 21 | Mar 21 | Dec 20 | Aug 20 | May 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 3 | 1 | 1 | 1 | 2 | 1 | 10 | 10 | 20 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 5 | 5 | 5 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $318.95M | - | - | $403.07M | $463.30M | - | - | $246.85M | $222.35M | - | - | $141.73M | $145.71M |
| Avg Forecast | $290.51M | $291.92M | $269.50M | $272.87M | $288.30M | $286.29M | $254.57M | $260.10M | $280.60M | $275.42M | $244.67M | $248.15M | $265.92M | $270.12M | $578.68M | $262.37M | $286.34M | $309.72M | $526.07M | $232.17M | $293.70M | $297.02M | $478.25M | $253.73M | $250.93M | $211.25M | $125.94M | $165.15M | $169.96M | $153.44M |
| High Forecast | $299.52M | $300.97M | $277.86M | $281.33M | $297.24M | $295.17M | $262.46M | $268.17M | $289.31M | $283.97M | $252.26M | $255.84M | $266.05M | $270.12M | $694.41M | $270.50M | $295.22M | $319.33M | $631.28M | $278.60M | $293.70M | $297.02M | $573.89M | $253.73M | $250.93M | $211.25M | $151.13M | $165.15M | $169.96M | $153.44M |
| Low Forecast | $282.15M | $283.52M | $261.75M | $265.02M | $280.00M | $278.05M | $247.25M | $252.62M | $272.53M | $267.50M | $237.63M | $241.01M | $265.78M | $270.12M | $462.94M | $254.82M | $278.11M | $300.81M | $420.86M | $185.74M | $293.70M | $297.02M | $382.60M | $253.73M | $250.93M | $211.25M | $100.75M | $165.15M | $169.96M | $153.44M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.03% | - | - | 1.37% | 1.56% | - | - | 0.98% | 1.05% | - | - | 0.83% | 0.95% |
1 analysts predict CMC's average Quarter EBITDA for Aug 23 to be $286.34M, with a high of $295.22M and a low of $278.11M. This is -10.22% lower than Commercial Metals Company's previous annual EBITDA (May 23) of $318.95M.
Commercial Metals Company Net Income Forecast
| Aug 27 | May 27 | Mar 27 | Dec 26 | Aug 26 | May 26 | Mar 26 | Dec 25 | Aug 25 | May 25 | Mar 25 | Dec 24 | Aug 24 | May 24 | Mar 24 | Dec 23 | Aug 23 | May 23 | Mar 23 | Dec 22 | Aug 22 | May 22 | Mar 22 | Dec 21 | Aug 21 | May 21 | Mar 21 | Dec 20 | Aug 20 | May 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 3 | 1 | 1 | 1 | 2 | 1 | 10 | 10 | 20 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 5 | 5 | 5 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $233.97M | - | - | $288.63M | $312.43M | - | - | $152.31M | $130.41M | - | - | $67.62M | $64.73M |
| Avg Forecast | $139.32M | $135.67M | $103.53M | $125.48M | $163.77M | $155.43M | $98.93M | $123.10M | $145.48M | $130.71M | $80.45M | $94.96M | $105.75M | $118.01M | $394.06M | $170.50M | $204.85M | $210.04M | $358.24M | $172.19M | $257.30M | $230.42M | $325.67M | $142.06M | $152.69M | $96.49M | $58.48M | $62.39M | $65.97M | $42.89M |
| High Forecast | $144.94M | $141.14M | $107.71M | $130.54M | $170.38M | $161.70M | $102.92M | $128.07M | $151.34M | $135.98M | $83.70M | $98.79M | $110.01M | $118.02M | $472.88M | $177.38M | $213.11M | $218.51M | $429.89M | $206.62M | $257.30M | $230.42M | $390.81M | $142.06M | $156.85M | $96.49M | $70.18M | $62.39M | $65.97M | $42.89M |
| Low Forecast | $134.11M | $130.59M | $99.66M | $120.78M | $157.65M | $149.62M | $95.23M | $118.50M | $140.04M | $125.82M | $77.44M | $93.69M | $101.79M | $118.01M | $315.25M | $169.31M | $197.19M | $202.19M | $286.59M | $137.75M | $257.30M | $230.42M | $260.54M | $142.06M | $148.53M | $96.49M | $46.79M | $62.39M | $65.97M | $42.89M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.11% | - | - | 1.12% | 1.36% | - | - | 1.00% | 1.35% | - | - | 1.03% | 1.51% |
Commercial Metals Company's average Quarter net income forecast for Aug 23 is $204.85M, with a range of $197.19M to $213.11M. CMC's average Quarter net income forecast represents a -12.45% decrease compared to the company's last Quarter net income of $233.97M (May 23).
Commercial Metals Company SG&A Forecast
| Aug 27 | May 27 | Mar 27 | Dec 26 | Aug 26 | May 26 | Mar 26 | Dec 25 | Aug 25 | May 25 | Mar 25 | Dec 24 | Aug 24 | May 24 | Mar 24 | Dec 23 | Aug 23 | May 23 | Mar 23 | Dec 22 | Aug 22 | May 22 | Mar 22 | Dec 21 | Aug 21 | May 21 | Mar 21 | Dec 20 | Aug 20 | May 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 3 | 1 | 1 | 1 | 2 | 1 | 10 | 10 | 20 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 5 | 5 | 5 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $162.95M | - | - | $153.83M | $139.56M | - | - | $136.82M | $130.45M | - | - | $162.07M | $115.97M |
| Avg Forecast | $167.72M | $168.53M | $155.59M | $157.54M | $166.44M | $165.28M | $146.97M | $150.17M | $162.00M | $159.01M | $141.25M | $143.26M | $153.52M | $155.95M | $131.57M | $151.47M | $165.31M | $178.81M | $119.61M | $90.64M | $181.59M | $183.65M | $108.74M | $156.88M | $155.15M | $130.62M | $101.72M | $102.11M | $105.09M | $94.87M |
| High Forecast | $172.92M | $173.76M | $160.42M | $162.42M | $171.61M | $170.41M | $151.53M | $154.82M | $167.03M | $163.94M | $145.64M | $147.71M | $153.60M | $155.95M | $157.89M | $156.17M | $170.44M | $184.36M | $143.54M | $108.77M | $181.59M | $183.65M | $130.49M | $156.88M | $155.15M | $130.62M | $122.07M | $102.11M | $105.09M | $94.87M |
| Low Forecast | $162.90M | $163.69M | $151.11M | $153.01M | $161.66M | $160.53M | $142.74M | $145.85M | $157.34M | $154.44M | $137.19M | $139.14M | $153.44M | $155.95M | $105.26M | $147.12M | $160.56M | $173.67M | $95.69M | $72.51M | $181.59M | $183.65M | $86.99M | $156.88M | $155.15M | $130.62M | $81.38M | $102.11M | $105.09M | $94.87M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.91% | - | - | 0.85% | 0.76% | - | - | 0.88% | 1.00% | - | - | 1.54% | 1.22% |
Commercial Metals Company's average Quarter SG&A projection for Aug 23 is $165.31M, based on 1 Wall Street analysts, with a range of $160.56M to $170.44M. The forecast indicates a 1.45% rise compared to CMC last annual SG&A of $162.95M (May 23).
Commercial Metals Company EPS Forecast
| Aug 27 | May 27 | Mar 27 | Dec 26 | Aug 26 | May 26 | Mar 26 | Dec 25 | Aug 25 | May 25 | Mar 25 | Dec 24 | Aug 24 | May 24 | Mar 24 | Dec 23 | Aug 23 | May 23 | Mar 23 | Dec 22 | Aug 22 | May 22 | Mar 22 | Dec 21 | Aug 21 | May 21 | Mar 21 | Dec 20 | Aug 20 | May 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 3 | 1 | 1 | 1 | 2 | 1 | 10 | 10 | 20 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 5 | 5 | 5 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $2.00 | - | - | $2.43 | $2.58 | - | - | $1.26 | $1.08 | - | - | $0.57 | $0.54 |
| Avg Forecast | $1.20 | $1.17 | $0.89 | $1.08 | $1.41 | $1.34 | $0.85 | $1.06 | $1.25 | $1.13 | $0.69 | $0.82 | $0.91 | $1.02 | $0.76 | $1.47 | $1.77 | $1.81 | $1.41 | $1.95 | $2.22 | $1.99 | $1.39 | $1.23 | $1.32 | $0.83 | $0.59 | $0.54 | $0.57 | $0.37 |
| High Forecast | $1.25 | $1.22 | $0.93 | $1.13 | $1.47 | $1.39 | $0.89 | $1.10 | $1.31 | $1.17 | $0.72 | $0.85 | $0.95 | $1.02 | $0.76 | $1.53 | $1.84 | $1.88 | $1.42 | $2.03 | $2.22 | $1.99 | $1.41 | $1.23 | $1.35 | $0.83 | $0.59 | $0.54 | $0.57 | $0.37 |
| Low Forecast | $1.16 | $1.13 | $0.86 | $1.04 | $1.36 | $1.29 | $0.82 | $1.02 | $1.21 | $1.09 | $0.67 | $0.81 | $0.88 | $1.02 | $0.76 | $1.46 | $1.70 | $1.74 | $1.40 | $1.88 | $2.22 | $1.99 | $1.38 | $1.23 | $1.28 | $0.83 | $0.59 | $0.54 | $0.57 | $0.37 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.10% | - | - | 1.09% | 1.30% | - | - | 0.96% | 1.30% | - | - | 1.00% | 1.46% |
According to 1 Wall Street analysts, Commercial Metals Company's projected average Quarter EPS for Aug 23 is $1.77, with a low estimate of $1.70 and a high estimate of $1.84. This represents a -11.65% decrease compared to CMC previous annual EPS of $2.00 (May 23).
Commercial Metals Company Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| PKX | POSCO | $45.73 | $77.00 | 68.38% | Hold |
| TX | Ternium | $30.31 | $50.00 | 64.96% | Buy |
| X | United States Steel | $31.94 | $42.86 | 34.19% | Buy |
| MT | ArcelorMittal | $23.97 | $31.00 | 29.33% | Buy |
| NUE | Nucor | $120.98 | $154.75 | 27.91% | Hold |
| STLD | Steel Dynamics | $118.58 | $145.60 | 22.79% | Buy |
| RS | Reliance Steel & Aluminum | $280.07 | $325.00 | 16.04% | Buy |
| CMC | Commercial Metals Company | $54.16 | $62.00 | 14.48% | Buy |
| USAP | Universal Stainless & Alloy Products | $44.30 | $36.00 | -18.74% | Hold |