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Commercial Metals Co has a consensus price target of $54.8 based on the ratings of 12 analysts. The high is $69 issued by B of A Securities on June 26, 2024. The low is $39 issued by Credit Suisse on June 17, 2022. The 3 most-recent analyst ratings were released by Jefferies, B of A Securities, and BMO Capital on September 3, 2024, June 26, 2024, and March 22, 2024, respectively. With an average price target of $64.67 between Jefferies, B of A Securities, and BMO Capital, there's an implied 6.99% upside for Commercial Metals Co from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Commercial Metals (NYSE:CMC) was reported by Wolfe Research on October 9, 2024. The analyst firm set a price target for $0.00 expecting CMC to fall to within 12 months (a possible -100.00% downside). 6 analyst firms have reported ratings in the last year.
The latest analyst rating for Commercial Metals (NYSE:CMC) was provided by Wolfe Research, and Commercial Metals downgraded their peer perform rating.
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.
The last downgrade for Commercial Metals Co happened on October 9, 2024 when Wolfe Research changed their price target from N/A to N/A for Commercial Metals Co.
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 October 9, 2024 so you should expect the next rating to be made available sometime around October 9, 2025.
While ratings are subjective and will change, the latest Commercial Metals (CMC) rating was a downgraded with a price target of $0.00 to $0.00. The current price Commercial Metals (CMC) is trading at is $60.44, which is out of the analyst’s predicted range.
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