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Commercial Metals (CMC) Stock Forecast, Price Target & Predictions

OverviewRevenueOwnershipFinancialsChartTranscripts

CMC Stock Forecast

Commercial Metals (CMC) stock forecast, based on 8 Wall Street analysts, predicts a 12-month average price target of $62.00, with a high of $62.00 and a low of $62.00. This represents a 24.22% increase from the last price of $49.91.

$45 $49 $53 $57 $61 $65 High: $62 Avg: $62 Low: $62 Last Closed Price: $49.91

CMC Stock Rating

Commercial Metals stock's rating consensus is Hold, based on 8 Wall Street analysts. The breakdown includes 0 Strong Buy (0.00%), 3 Buy (37.50%), 5 Hold (62.50%), 0 Sell (0.00%), and 0 Strong Sell (0.00%).

Hold
Total 8 5 3 0 Strong Sell Sell Hold Buy Strong Buy

CMC Forecast vs Benchmarks

TypeNameUpside
StockCommercial Metals24.22%
SectorBasic Materials Stocks 18.06%
IndustrySteel Stocks List29.15%

Price Target Trends

1M3M12M
# Anlaysts--3
Avg Price Target--$61.33
Last Closing Price$49.91$49.91$49.91
Upside/Downside--22.88%
Ratings Trends
DateStrong BuyBuyHoldSellStrong SellTotal
Jan, 252281-13
Dec, 242351-11
Nov, 242341-10
Oct, 243441-12
Sep, 243441-12
Latest Price Target by Analysts
DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Oct 18, 2024Katja JancicBMO Capital$62.00$56.419.91%24.22%
Oct 09, 2024Tinma TannersWolfe Research$62.00$52.6017.87%24.22%
Mar 22, 2024Katja JancicBMO Capital$60.00$57.873.68%20.22%
Jan 08, 2024Alexander HackingCitigroup$48.00$48.22-0.46%-3.83%
Oct 18, 2022Mark Hughes AnalystTruist Financial$67.00$42.5257.57%34.24%
Latest Upgrade/Downgrade by Analysts
DateCompanyPrevious RatingNew RatingRating Change
Jan 10, 2025UBSNeutralupgrade
Jan 03, 2025Exane BNP ParibasNeutraldowngrade
Oct 18, 2024BMO CapitalMarket PerformMarket Performhold
Oct 09, 2024Wolfe ResearchPeer Performdowngrade
Sep 03, 2024JefferiesBuyinitialise
Jun 21, 2024Bank of America SecuritiesBuyBuyhold
Jun 20, 2024CitigroupNeutralNeutralhold
Jan 08, 2024Goldman SachsNeutralNeutralhold
Apr 05, 2023Bank of America SecuritiesBuyupgrade
Oct 18, 2022Truist FinancialBuyBuyhold

Financial Forecast

EPS Forecast

$2 $3 $4 $5 $6 $7 $8 $9 $10 $11 Aug 20 Aug 21 Aug 22 Aug 23 Aug 24 Aug 25 Aug 26 Aug 27
Aug 20Aug 21Aug 22Aug 23Aug 24Aug 25Aug 26Aug 27
Reported$2.33$3.43$10.09$7.34$4.19---
Avg Forecast$2.40$3.55$5.26$7.52$4.31$3.18$4.42$4.34
High Forecast$2.31$3.41$4.21$7.17$4.11$2.74$4.05$4.10
Low Forecast$2.52$3.73$6.30$7.85$4.50$3.67$4.73$4.57
Surprise %-2.92%-3.38%91.83%-2.39%-2.78%---

Revenue Forecast

$5B $6B $7B $9B $10B $11B Aug 20 Aug 21 Aug 22 Aug 23 Aug 24 Aug 25 Aug 26 Aug 27
Aug 20Aug 21Aug 22Aug 23Aug 24Aug 25Aug 26Aug 27
Reported$5.48B$6.73B$8.91B$8.80B$7.93B---
Avg Forecast$5.43B$6.70B$8.95B$8.75B$7.92B$7.68B$8.34B$8.72B
High Forecast$5.27B$6.50B$7.16B$8.66B$7.65B$7.61B$8.33B$8.72B
Low Forecast$5.65B$6.96B$10.75B$8.83B$7.93B$7.76B$8.36B$8.73B
Surprise %0.76%0.38%-0.45%0.62%0.05%---

Net Income Forecast

$0 $300M $600M $900M $1B $2B Aug 20 Aug 21 Aug 22 Aug 23 Aug 24 Aug 25 Aug 26 Aug 27
Aug 20Aug 21Aug 22Aug 23Aug 24Aug 25Aug 26Aug 27
Reported$279.50M$412.87M$1.22B$859.76M$485.49M---
Avg Forecast$205.34M$477.99M$914.67M$774.26M$504.56M$375.25M$506.91M$526.32M
High Forecast$164.27M$382.39M$731.73M$619.41M$481.76M$320.44M$474.63M$480.10M
Low Forecast$246.41M$573.58M$1.10B$929.11M$527.37M$430.06M$554.10M$535.68M
Surprise %36.12%-13.62%33.08%11.04%-3.78%---

CMC Forecast FAQ

Is Commercial Metals stock a buy?

Commercial Metals stock has a consensus rating of Hold, based on 8 Wall Street analysts. The rating breakdown includes 0 Strong Buy, 3 Buy, 5 Hold, 0 Sell, and 0 Strong Sell, reflecting a consensus that Commercial Metals is a neutral investment for most analysts.

What is Commercial Metals's price target?

Commercial Metals's price target, set by 8 Wall Street analysts, averages $62 over the next 12 months. The price target range spans from $62 at the low end to $62 at the high end, suggesting a potential 24.22% change from the previous close price of $49.91.

How does Commercial Metals stock forecast compare to the average forecast of its sector, industry, and investment themes?

Commercial Metals stock forecast shows a 24.22% upside, outperforming the average forecast for the basic materials stocks sector (18.06%) and underperforming the steel stocks list industry (29.15%).

What is the breakdown of analyst ratings for Commercial Metals over the past three months?

  • January 2025: 15.38% Strong Buy, 15.38% Buy, 61.54% Hold, 7.69% Sell, 0% Strong Sell.
  • December 2024: 18.18% Strong Buy, 27.27% Buy, 45.45% Hold, 9.09% Sell, 0% Strong Sell.
  • November 2024: 20.00% Strong Buy, 30.00% Buy, 40.00% Hold, 10.00% Sell, 0% Strong Sell.

What is Commercial Metals’s EPS forecast?

Commercial Metals's average annual EPS forecast for its fiscal year ending in August is 3.18 for 2025, a -24.11% decrease from the reported $4.19 in 2024. The prediction for 2026 is $4.42, and $4.34 for 2027.

What is Commercial Metals’s revenue forecast?

Commercial Metals's average annual revenue forecast for its fiscal year ending in August is $7.68B for 2025, a -3.06% decrease from the reported $7.93B in 2024. The forecast for 2026 is $8.34B, and $8.72B for 2027.

What is Commercial Metals’s net income forecast?

For its fiscal year ending in August, Commercial Metals's average annual net income forecast is $375.25M for 2025, reflecting a -22.71% decrease from the reported $485.49M in 2024. The projection for 2026 is $506.91M, and $526.32M for 2027.