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 $59.75 (represents a 10.73% upside from CMC’s last price of $53.96) 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 $59.75 based on 1-year price targets from 6 Wall Street analysts in the past 3 months, with a price target range of $67.00 to $48.00. This represents a potential 10.73% upside from CMC's last price of $53.96.
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% | 14.90% |
| Oct 09, 2024 | Tinma Tanners | Wolfe Research | $62.00 | $52.60 | 17.87% | 14.90% |
| Mar 22, 2024 | Katja Jancic | BMO Capital | $60.00 | $57.87 | 3.68% | 11.19% |
| Jan 08, 2024 | Alexander Hacking | Citigroup | $48.00 | $48.22 | -0.46% | -11.05% |
| Oct 18, 2022 | Mark Hughes Analyst | Truist Financial | $67.00 | $42.52 | 57.57% | 24.17% |
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 14.90% increase from CMC last price ($53.96).
Commercial Metals Company Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 2 | 2 | 4 |
| Avg Price Target | $62.00 | $62.00 | $58.00 |
| Last Closing Price | $53.96 | $53.96 | $53.96 |
| Upside/Downside | 14.90% | 14.90% | 7.49% |
In the current month, the average price target of Commercial Metals Company stock is $62.00, according to 2 Wall Street analysts offering twelve months forecast. The average price target represents a 14.90% increase as opposed to Commercial Metals Company's last price of $53.96. This month's average price target is down 0.00% compared to last quarter, and up 6.90% 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 | $2.26B | $2.25B | $2.07B | $2.23B | $2.16B | $2.14B | $1.96B | $2.06B | $2.11B | $2.07B | $1.84B | $1.87B | $1.99B | $2.02B | $1.80B | $1.97B | $2.15B | $2.32B | $1.97B | $2.13B | $2.38B | $2.41B | $1.91B | $2.06B | $2.04B | $1.72B | $1.46B | $1.34B | $1.38B | $1.25B |
| High Forecast | $2.35B | $2.33B | $2.14B | $2.31B | $2.23B | $2.22B | $2.04B | $2.13B | $2.19B | $2.14B | $1.91B | $1.94B | $1.99B | $2.02B | $1.80B | $2.04B | $2.22B | $2.41B | $2.04B | $2.21B | $2.38B | $2.41B | $1.91B | $2.06B | $2.04B | $1.72B | $1.46B | $1.34B | $1.38B | $1.25B |
| Low Forecast | $2.20B | $2.19B | $2.01B | $2.16B | $2.10B | $2.08B | $1.91B | $2.00B | $2.05B | $2.01B | $1.79B | $1.82B | $1.99B | $2.02B | $1.80B | $1.91B | $2.09B | $2.26B | $1.91B | $2.07B | $2.38B | $2.41B | $1.91B | $2.06B | $2.04B | $1.72B | $1.46B | $1.34B | $1.38B | $1.25B |
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 3 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 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 $2.09B, and a high forecast of $2.22B. 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 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 3 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 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 | $301.06M | $298.85M | $275.06M | $295.98M | $286.66M | $284.36M | $261.24M | $273.56M | $280.66M | $274.83M | $245.00M | $248.88M | $264.91M | $269.10M | $578.68M | $261.37M | $285.26M | $308.55M | $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 | $312.04M | $309.75M | $285.10M | $306.78M | $297.11M | $294.73M | $270.77M | $283.54M | $290.90M | $284.86M | $253.94M | $257.96M | $265.05M | $269.10M | $694.41M | $270.91M | $295.67M | $319.81M | $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 | $292.74M | $290.59M | $267.46M | $287.80M | $278.73M | $276.50M | $254.02M | $266.00M | $272.91M | $267.24M | $238.23M | $242.00M | $264.78M | $269.10M | $462.94M | $254.15M | $277.38M | $300.02M | $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 $285.26M, with a high of $295.67M and a low of $277.38M. This is -10.56% 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 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 3 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 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 | $175.90M | $167.67M | $135.13M | $151.72M | $180.64M | $170.75M | $109.58M | $126.25M | $150.36M | $137.54M | $83.00M | $93.94M | $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 | $184.24M | $175.62M | $141.53M | $158.91M | $189.21M | $178.85M | $114.77M | $132.23M | $157.49M | $144.07M | $86.94M | $121.04M | $110.76M | $118.02M | $472.88M | $178.59M | $214.56M | $220.00M | $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 | $169.58M | $161.65M | $130.27M | $146.27M | $174.15M | $164.62M | $105.64M | $121.71M | $144.96M | $132.60M | $80.02M | $66.84M | $101.95M | $118.01M | $315.25M | $169.31M | $197.49M | $202.50M | $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 $197.49M to $214.56M. 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 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 3 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 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 | $174.47M | $173.19M | $159.41M | $171.53M | $166.12M | $164.79M | $151.39M | $158.54M | $162.65M | $159.27M | $141.98M | $144.23M | $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 | $180.84M | $179.51M | $165.22M | $177.79M | $172.19M | $170.80M | $156.92M | $164.32M | $168.58M | $165.08M | $147.16M | $149.49M | $153.60M | $155.95M | $157.89M | $157.00M | $171.35M | $185.34M | $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 | $169.65M | $168.41M | $155.00M | $166.79M | $161.53M | $160.24M | $147.21M | $154.15M | $158.16M | $154.87M | $138.06M | $140.25M | $153.44M | $155.95M | $105.26M | $147.29M | $160.75M | $173.87M | $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 $160.75M to $171.35M. 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 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 3 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 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 | $1.52 | $1.45 | $1.17 | $1.31 | $1.56 | $1.47 | $0.95 | $1.09 | $1.30 | $1.19 | $0.72 | $0.81 | $0.91 | $1.02 | $0.76 | $1.47 | $1.77 | $1.81 | $1.41 | $1.90 | $2.22 | $1.99 | $1.39 | $1.23 | $1.32 | $0.83 | $0.59 | $0.54 | $0.57 | $0.37 |
| High Forecast | $1.59 | $1.51 | $1.22 | $1.37 | $1.63 | $1.54 | $0.99 | $1.14 | $1.36 | $1.24 | $0.75 | $1.04 | $0.96 | $1.02 | $0.76 | $1.54 | $1.85 | $1.90 | $1.42 | $1.93 | $2.22 | $1.99 | $1.41 | $1.23 | $1.35 | $0.83 | $0.59 | $0.54 | $0.57 | $0.37 |
| Low Forecast | $1.46 | $1.39 | $1.12 | $1.26 | $1.50 | $1.42 | $0.91 | $1.05 | $1.25 | $1.14 | $0.69 | $0.58 | $0.88 | $1.02 | $0.76 | $1.46 | $1.70 | $1.75 | $1.40 | $1.87 | $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 $1.85. 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 |
|---|---|---|---|---|---|
| SCHN | Schnitzer Steel Industries | $33.20 | $215.00 | 547.59% | - |
| MT | ArcelorMittal | $24.81 | $36.87 | 48.61% | Buy |
| TX | Ternium | $34.25 | $50.00 | 45.99% | Buy |
| PKX | POSCO | $62.01 | $77.00 | 24.17% | Hold |
| CMC | Commercial Metals Company | $53.96 | $59.75 | 10.73% | Buy |
| NUE | Nucor | $142.60 | $150.11 | 5.27% | Hold |
| STLD | Steel Dynamics | $133.58 | $134.00 | 0.31% | Buy |
| RS | Reliance Steel & Aluminum | $289.04 | $277.50 | -3.99% | Buy |
| X | United States Steel | $38.26 | $36.07 | -5.72% | Buy |
| USAP | Universal Stainless & Alloy Products | $44.15 | $36.00 | -18.46% | Hold |
CMC Forecast FAQ
Is Commercial Metals Company a good buy?
Yes, according to 6 Wall Street analysts, Commercial Metals Company (CMC) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 3 'Buy' recommendations, accounting for 50.00% of CMC's total ratings.
What is CMC's price target?
Commercial Metals Company (CMC) average price target is $59.75 with a range of $48 to $67, implying a 10.73% from its last price of $53.96. The data is based on 6 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Commercial Metals Company stock go up soon?
According to Wall Street analysts' prediction for CMC stock, the company can go up by 10.73% (from the last price of $53.96 to the average price target of $59.75), up by 24.17% based on the highest stock price target, and down by -11.05% based on the lowest stock price target.
Can Commercial Metals Company stock reach $80?
CMC's average twelve months analyst stock price target of $59.75 does not support the claim that Commercial Metals Company can reach $80 in the near future.
What is Commercial Metals Company's current price target trend?
2 Wall Street analysts forecast a $62 price target for Commercial Metals Company (CMC) this month, up 14.90% from its last price of $53.96. Compared to the last 3 and 12 months, the average price target increased by 14.90% and increased by 7.49%, respectively.
What are Commercial Metals Company's analysts' financial forecasts?
Commercial Metals Company's analysts financial forecasts for the fiscal year (Aug 2026) are as follows: average revenue is $8.32B (high $8.62B, low $8.09B), average EBITDA is $1.11B (high $1.15B, low $1.08B), average net income is $587.21M (high $615.06M, low $566.12M), average SG&A $640.84M (high $664.23M, low $623.14M), and average EPS is $5.07 (high $5.31, low $4.88). CMC's analysts financial forecasts for the fiscal year (Aug 2027) are as follows: average revenue is $8.81B (high $9.13B, low $8.56B), average EBITDA is $1.17B (high $1.21B, low $1.14B), average net income is $630.41M (high $660.31M, low $607.76M), average SG&A $678.6M (high $703.36M, low $659.85M), and average EPS is $5.44 (high $5.7, low $5.24).
Did the CMC's actual financial results beat the analysts' financial forecasts?
Based on Commercial Metals Company's last annual report (Aug 2022), the company's revenue was $8.91B, beating the average analysts forecast of $8.76B by 1.73%. Apple's EBITDA was $1.49B, beating the average prediction of $1.32B by 12.38%. The company's net income was $1.22B, beating the average estimation of $955.45M by 27.40%. Apple's SG&A was $544.98M, missing the average forecast of $630.87M by -13.61%. Lastly, the company's EPS was $10.09, beating the average prediction of $6.83 by 47.83%. In terms of the last quarterly report (May 2023), Commercial Metals Company's revenue was $2.34B, beating the average analysts' forecast of $2.32B by 1.04%. The company's EBITDA was $318.95M, beating the average prediction of $308.55M by 3.37%. Commercial Metals Company's net income was $233.97M, beating the average estimation of $210.04M by 11.39%. The company's SG&A was $162.95M, missing the average forecast of $178.81M by -8.87%. Lastly, the company's EPS was $2, beating the average prediction of $1.81 by 10.39%