$53.70
-0.75[-1.38%]
At close: Apr 24
$53.70
0[0.00%]
After Hours: 4:00PM EDT
Commercial Metals
(NYSE:CMC)Commercial Metals Stock (NYSE:CMC), Analyst Ratings, Price Targets, Predictions
Commercial Metals Co has a consensus price target of $46.82, established from looking at the 37 latest analyst ratings. The last 3 analyst ratings were released from BMO Capital, UBS, and BMO Capital on March 22, 2024, January 16, 2024, and January 9, 2024. With an average price target of $59 between BMO Capital, UBS, and BMO Capital, there's an implied 9.87% upside for Commercial Metals Co from these 3 analyst ratings.
Analyst Firms Making Recommendations1
BMO Capital
UBS
Citigroup
BMO Capital
B of A Securities
1calculated from analyst ratings published within the last 3 years
Analyst Ratings for Commercial Metals
date | ticker | Buy Now | Company | Current price | Upside/Downside | Analyst Firm | Analyst & % Accurate | Price Target Change | Rating Change | Previous / Current Rating | Get Alert |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 03/22/2024 | CMC | Buy Now | Commercial Metals | $53.70 | 11.73% | BMO Capital | Katja Jancic | $52 → $60 | Maintains | Market Perform | Get Alert |
| 01/16/2024 | CMC | Buy Now | Commercial Metals | $53.70 | 21.04% | UBS | Cleve Rueckert | → $65 | Initiates | → Buy | Get Alert |
| 01/09/2024 | CMC | Buy Now | Commercial Metals | $53.70 | -3.17% | BMO Capital | Katja Jancic | $50 → $52 | Maintains | Market Perform | Get Alert |
| 10/16/2023 | CMC | Buy Now | Commercial Metals | $53.70 | -10.61% | Citigroup | Alexander Hacking | $56 → $48 | Maintains | Neutral | Get Alert |
| 10/13/2023 | CMC | Buy Now | Commercial Metals | $53.70 | -6.89% | BMO Capital | David Gagliano | $58 → $50 | Maintains | Market Perform | Get Alert |
| 07/11/2023 | CMC | Buy Now | Commercial Metals | $53.70 | 17.32% | UBS | Cleve Rueckert | → $63 | Initiates | → Buy | Get Alert |
| 06/23/2023 | CMC | Buy Now | Commercial Metals | $53.70 | 8.01% | BMO Capital | David Gagliano | $56 → $58 | Maintains | Market Perform | Get Alert |
| 04/05/2023 | CMC | Buy Now | Commercial Metals | $53.70 | 11.73% | B of A Securities | Lawson Winder | $56 → $60 | Upgrade | Neutral → Buy | Get Alert |
| 02/23/2023 | CMC | Buy Now | Commercial Metals | $53.70 | — | Keybanc | Philip Gibbs | — | Downgrade | Overweight → Sector Weight | Get Alert |
| 02/15/2023 | CMC | Buy Now | Commercial Metals | $53.70 | 4.28% | Citigroup | Alexander Hacking | $54 → $56 | Maintains | Neutral | Get Alert |
| 01/11/2023 | CMC | Buy Now | Commercial Metals | $53.70 | 6.15% | Keybanc | Philip Gibbs | $50 → $57 | Maintains | Overweight | Get Alert |
| 01/10/2023 | CMC | Buy Now | Commercial Metals | $53.70 | -1.3% | Goldman Sachs | Emily Chieng | $48 → $53 | Maintains | Neutral | Get Alert |
| 01/10/2023 | CMC | Buy Now | Commercial Metals | $53.70 | 4.28% | BMO Capital | David Gagliano | $49 → $56 | Maintains | Market Perform | Get Alert |
| 01/04/2023 | CMC | Buy Now | Commercial Metals | $53.70 | 2.42% | B of A Securities | Lawson Winder | → $55 | Reinstates | → Neutral | Get Alert |
| 11/22/2022 | CMC | Buy Now | Commercial Metals | $53.70 | -6.89% | Keybanc | Philip Gibbs | $46 → $50 | Maintains | Overweight | Get Alert |
| 10/17/2022 | CMC | Buy Now | Commercial Metals | $53.70 | -14.34% | Keybanc | Philip Gibbs | $45 → $46 | Maintains | Overweight | Get Alert |
| 10/14/2022 | CMC | Buy Now | Commercial Metals | $53.70 | -18.06% | Citigroup | Alexander Hacking | $42 → $44 | Maintains | Neutral | Get Alert |
| 10/14/2022 | CMC | Buy Now | Commercial Metals | $53.70 | -19.93% | BMO Capital | David Gagliano | $37 → $43 | Maintains | Market Perform | Get Alert |
| 10/06/2022 | CMC | Buy Now | Commercial Metals | $53.70 | -31.1% | Goldman Sachs | Emily Chieng | $41 → $37 | Maintains | Neutral | Get Alert |
FAQ
What is the target price for Commercial Metals (CMC)?
The latest price target for Commercial Metals (NYSE: CMC) was reported by BMO Capital on March 22, 2024. The analyst firm set a price target for $60.00 expecting CMC to rise to within 12 months (a possible 11.73% upside). 7 analyst firms have reported ratings in the last year.
What is the most recent analyst rating for Commercial Metals (CMC)?
The latest analyst rating for Commercial Metals (NYSE: CMC) was provided by BMO Capital, and Commercial Metals maintained their market perform rating.
When was the last upgrade for Commercial Metals (CMC)?
The last upgrade for Commercial Metals Co happened on April 5, 2023 when B of A Securities raised their price target to $60. B of A Securities previously had a neutral for Commercial Metals Co.
When was the last downgrade for Commercial Metals (CMC)?
The last downgrade for Commercial Metals Co happened on February 23, 2023 when Keybanc changed their price target from N/A to N/A for Commercial Metals Co.
When is the next analyst rating going to be posted or updated for Commercial Metals (CMC)?
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Commercial Metals, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Commercial Metals was filed on March 22, 2024 so you should expect the next rating to be made available sometime around March 22, 2025.
Is the Analyst Rating Commercial Metals (CMC) correct?
While ratings are subjective and will change, the latest Commercial Metals (CMC) rating was a maintained with a price target of $52.00 to $60.00. The current price Commercial Metals (CMC) is trading at is $53.70, which is within the analyst’s predicted range.
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