NYSE:CMC

Commercial Metals - CMC Price Target & Analyst Ratings

$48.21

+0.68 (+1.43%)

(As of 03/30/2023 12:00 AM ET)

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Today's Range: $47.59
▼
$48.69
50-Day Range: $43.24
▼
$57.11
52-Week Range: $31.47
▼
$58.09

Volume: 1.74 million shs
Average Volume: 1.20 million shs
Market Capitalization: $5.65 billion

P/E Ratio: 5.57
Dividend Yield: 1.33%
Price Target: $52.86

Institutional Ownership

Commercial Metals Consensus Rating and Price Target (2023)

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 Analyst Rating

Hold
Based on 6 Analyst Ratings

Consensus Analyst Price Target

$52.86
9.64% Upside

High Prediction	$57.00
Average Prediction	$52.86
Low Prediction	$39.00

Type	Current 3/30/22 to 3/30/23	1 Month Ago 2/28/22 to 2/28/23	3 Months Ago 12/30/21 to 12/30/22	1 Year Ago 3/30/21 to 3/30/22
Consensus Rating	Hold	Hold	Moderate Buy	Moderate Buy
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	1 Buy rating(s)	2 Buy rating(s)	4 Buy rating(s)	5 Buy rating(s)
Hold	5 Hold rating(s)	5 Hold rating(s)	4 Hold rating(s)	4 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$52.86	$52.86	$44.63	$42.00
Predicted Upside	9.64% Upside	10.46% Upside	13.00% Upside	17.69% Upside

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CMC Analyst Ratings 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	2.17	2.59	2.47
Consensus Rating	Hold	Buy	Hold
Predicted Upside	9.64% Upside	233.22% Upside	93.71% Upside
News Sentiment Rating	Neutral News	Neutral News	Positive News

Historical Target Prices and Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

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Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
2/15/2023	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral	$54.00 ➝ $56.00	+1.03%
1/11/2023	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight	$50.00 ➝ $57.00	+1.95%
1/10/2023	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral	$48.00 ➝ $53.00	+3.29%
1/10/2023	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Market Perform	$49.00 ➝ $56.00	+11.27%
1/4/2023	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Neutral ➝ Neutral	$55.00	+14.99%
6/17/2022	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral	$37.00 ➝ $39.00	+9.98%

6/14/2022	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$55.00 ➝ $54.00	+46.86%
1/21/2022	Exane BNP Paribas Subscribe to MarketBeat All Access for the recommendation accuracy rating	Seth Rosenfeld Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Neutral ➝ Outperform	$45.00	+26.58%
11/16/2021	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Outperform	$41.00	+19.85%
9/15/2021	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold	$32.00 ➝ $36.00	+21.01%
1/12/2021	Smith Barney Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$21.00 ➝ $22.00	+0.64%
8/17/2020	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Market Perform	$20.00 ➝ $22.00	-0.81%

(Data available from 3/30/2018 forward. View 10+ years of historical ratings with our analyst ratings screener.)

CMC Price Target - Frequently Asked Questions

What is Commercial Metals's consensus rating and price target?: According to the issued ratings of 6 analysts in the last year, the consensus rating for Commercial Metals stock is Hold based on the current 5 hold ratings and 1 buy rating for CMC. The average twelve-month price prediction for Commercial Metals is $52.86 with a high price target of $57.00 and a low price target of $39.00. Learn more on CMC's analyst rating history.
Do Wall Street analysts like Commercial Metals more than its competitors?: 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 Buy. Learn more on how CMC compares to other companies.
Does Commercial Metals's stock price have much upside?: According to analysts, Commercial Metals's stock has a predicted upside of 9.19% based on their 12-month price targets.

What analysts cover Commercial Metals?: Commercial Metals has been rated by Bank of America, BMO Capital Markets, Citigroup, KeyCorp, and The Goldman Sachs Group in the past 90 days.

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This page (NYSE:CMC) was last updated on 3/30/2023 by MarketBeat.com Staff

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