Commercial Metals (CMC) Stock Forecast & Price Target

$50.27 +0.74 (+1.49%)

(As of 12/20/2024 05:30 PM ET)

Commercial Metals - Analysts' Recommendations and Stock Price Forecast (2025)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Hold

Based on 7 Analyst Ratings

Sell
1

Hold
3

Buy
3

Based on 7 Wall Street analysts who have issued ratings for Commercial Metals in the last 12 months, the stock has a consensus rating of "Hold." Out of the 7 analysts, 1 has given a sell rating, 3 have given a hold rating, and 3 have given a buy rating for CMC.

Consensus Price Target

$65.33
29.96% Upside

According to the 7 analysts' twelve-month price targets for Commercial Metals, the average price target is $65.33. The highest price target for CMC is $75.00, while the lowest price target for CMC is $56.00. The average price target represents a forecasted upside of 29.96% from the current price of $50.27.

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CMC Analyst Ratings Over Time

Type	Current Forecast 12/22/23 to 12/21/24	1 Month Ago 11/22/23 to 11/21/24	3 Months Ago 9/23/23 to 9/22/24	1 Year Ago 12/22/22 to 12/22/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	3 Buy rating(s)	3 Buy rating(s)	3 Buy rating(s)	3 Buy rating(s)
Hold	3 Hold rating(s)	2 Hold rating(s)	2 Hold rating(s)	3 Hold rating(s)
Sell	1 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$65.33	$65.25	$61.40	$55.17
Forecasted Upside	29.96% Upside	7.98% Upside	15.26% Upside	8.68% Upside
Consensus Rating	Hold	Moderate Buy	Moderate Buy	Moderate Buy

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CMC Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

CMC Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Commercial Metals Stock vs. The Competition

Type	Commercial Metals	Basic Materials Companies	S&P 500
Consensus Rating Score	2.29	2.76	2.51
Consensus Rating	Hold	Moderate Buy	Moderate Buy
Predicted Upside	29.96% Upside	139.04% Upside	14.53% Upside
News Sentiment Rating	Positive News See Recent CMC News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
12/19/2024	Morgan Stanley 3 of 5 stars		Initiated Coverage	Equal Weight	$65.00	+28.46%
12/12/2024	UBS Group 4 of 5 stars	D. Major Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy ➝ Sell	$62.00 ➝ $56.00	-9.09%
12/2/2024	The Goldman Sachs Group 2 of 5 stars	M. Harris Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Buy	$75.00	+21.58%
10/18/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating	Katja Jancic Subscribe to MarketBeat All Access for the recommendation accuracy rating	Set Target	Market Perform ➝ Market Perform	$62.00	+9.68%
10/9/2024	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	T. Tanners Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Outperform ➝ Peer Perform
9/3/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy	$65.00	+21.29%
6/26/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$70.00 ➝ $69.00	+28.44%
10/16/2023	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$56.00 ➝ $48.00	+12.12%
1/11/2023	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight	$50.00 ➝ $57.00	+1.95%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 11:13 PM ET.

CMC Forecast - Frequently Asked Questions

: According to the research reports of 7 Wall Street equities research analysts, the average twelve-month stock price forecast for Commercial Metals is $65.33, with a high forecast of $75.00 and a low forecast of $56.00.
: 7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Commercial Metals in the last year. There is currently 1 sell rating, 3 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" CMC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CMC, but not buy additional shares or sell existing shares.
: According to analysts, Commercial Metals's stock has a predicted upside of 29.96% based on their 12-month stock forecasts.
: Over the previous 90 days, Commercial Metals's stock had 1 downgrade by analysts.
: Commercial Metals has been rated by research analysts at BMO Capital Markets, Morgan Stanley, The Goldman Sachs Group, UBS Group, and Wolfe Research in the past 90 days.
: Analysts like Commercial Metals less than other "basic materials" companies. The consensus rating for Commercial Metals is Hold while the average consensus rating for "basic materials" companies is Moderate Buy. Learn more on how CMC compares to other companies.

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This page (NYSE:CMC) was last updated on 12/21/2024 by MarketBeat.com Staff

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Commercial Metals (CMC) Stock Forecast & Price Target