NYSE:CMC

Commercial Metals Price Target, Predictions & Analyst Ratings

$30.32
-0.74 (-2.38 %)
(As of 09/16/2021 03:10 PM ET)
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Today's Range
$30.05
$30.48
50-Day Range
$29.58
$36.23
52-Week Range
$18.67
$36.49
Volume18,677 shs
Average Volume1.15 million shs
Market Capitalization$3.66 billion
P/E Ratio11.19
Dividend Yield1.61%
Beta1.3

Commercial Metals (NYSE:CMC) Price Target and Consensus Rating

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 (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = 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.

Analyst Rating Consensus

Hold
Based on 8 Analyst Ratings

Analyst Price Target Consensus

$28.56

High PT$39.00
Average PT$28.56
Low PT$21.00
TypeCurrent
9/16/20 to 9/16/21
1 Month Ago
8/17/20 to 8/17/21
3 Months Ago
6/18/20 to 6/18/21
1 Year Ago
9/17/19 to 9/16/20
Consensus Rating
Hold
Hold
Hold
Buy
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
0 Buy rating(s)
0 Buy rating(s)
0 Buy rating(s)
5 Buy rating(s)
Hold
6 Hold rating(s)
7 Hold rating(s)
7 Hold rating(s)
4 Hold rating(s)
Sell
2 Sell rating(s)
2 Sell rating(s)
2 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$28.56$26.50$26.50$21.38
Price Target Upside-5.82% Downside1.71% Upside2.71% Upside7.95% Upside
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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.

Average Share Price and Price Target 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 (NYSE:CMC) vs. Its Competitors

TypeCommercial MetalsBasic Materials CompaniesS&P 500
Consensus Rating Score
1.75
2.63
2.56
Consensus RatingHoldBuyBuy
Price Target Upside84.87% Upside7.20% Upside
News Sentiment RatingNeutral News
Neutral News
Neutral News
MarketBeat
Community Rating
Outperform Votes
307
55.62%
Underperform Votes
245
44.38%
Avg. Outperform Votes
132
63.16%
Avg. Underperform Votes
77
36.84%
Avg. Outperform Votes
829
69.55%
Avg. Underperform Votes
363
30.45%

Commercial Metals (NYSE:CMC) Analyst Ratings History

DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
9/15/2021Deutsche Bank Aktiengesellschaft
UpgradeHold$32.00 ➝ $36.00+21.01%
7/1/2021BMO Capital Markets
Sathish Kasinathan
Boost Price TargetHold$26.00 ➝ $32.00+2.47%
6/16/2021JPMorgan Chase & Co.
Initiated CoverageNeutral$39.00+19.19%
5/10/2021Credit Suisse Group
Reiterated RatingOutperform ➝ Neutral$25.00 ➝ $33.00+1.66%
4/9/2021The Goldman Sachs Group
Initiated CoverageSell$29.00-4.70%
1/12/2021Smith Barney Citigroup
Boost Price Target$21.00 ➝ $22.00+0.64%
1/12/2021Bank of America
DowngradeNeutral ➝ Underperform$21.00 ➝ $21.00-3.05%
12/3/2020BNP Paribas
DowngradeOutperform ➝ Neutral$21.00+2.99%
10/16/2020Citigroup
Alexander Hacking
Boost Price TargetNeutral$21.00 ➝ $24.00+7.58%
8/17/2020Cowen
Boost Price TargetMarket Perform$20.00 ➝ $22.00-0.81%
11/14/2019Exane BNP Paribas
Initiated CoverageOutperform
3/22/2019Macquarie
David Lipschitz
UpgradeNeutral ➝ Outperform$15.23 ➝ $17.37
1/8/2019Seaport Global Securities
D. Hernandez
Reiterated RatingHold
12/3/2018Longbow Research
Chris Olin
Set Price TargetBuy$25.00+25.88%
(Data available from 9/16/2016 forward. View 10+ years of historical ratings with our analyst ratings screener.)
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Commercial Metals (NYSE:CMC) Analyst Ratings Frequently Asked Questions

What is Commercial Metals's consensus rating and price target?

According to the issued ratings of 8 analysts in the last year, the consensus rating for Commercial Metals stock is Hold based on the current 2 sell ratings and 6 hold ratings for CMC. The average twelve-month price target for Commercial Metals is $28.56 with a high price target of $39.00 and a low price target of $21.00. Learn more on CMC's analyst rating history

Do Wall Street analysts like Commercial Metals more than its competitors?

Analysts like Commercial Metals stock less than the stock of 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

Do MarketBeat users like Commercial Metals more than its competitors?

MarketBeat users like Commercial Metals stock less than the stock of other Basic Materials companies. 55.62% of MarketBeat users gave Commercial Metals an outperform vote while basic materials companies recieve an average of 63.16% outperform votes by MarketBeat users.

Is Commercial Metals being upgraded by Wall Street analysts?

Over the previous 90 days, Commercial Metals's stock had 1 upgrade by analysts.

Does Commercial Metals's stock price have much upside?

According to analysts, Commercial Metals's stock has a predicted upside of 4.68% based on their 12-month price targets.

What analysts cover Commercial Metals?

Commercial Metals has been rated by BMO Capital Markets, and Deutsche Bank Aktiengesellschaft in the past 90 days.

This page was last updated on 9/16/2021 by MarketBeat.com Staff
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