$52.64
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Commercial Metals
CMCNYSE
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Commercial Metals (NYSE:CMC) Stock, Analyst Ratings, Price Targets, Forecasts
Commercial Metals Co has a consensus price target of $47.64 based on the ratings of 36 analysis. The 3 most-recent analyst ratings were released by B of A Securities, BMO Capital, and UBS on June 26, 2024, March 22, 2024, and January 16, 2024, respectively. With an average price target of $64.67 between B of A Securities, BMO Capital, and UBS, there's an implied 22.85% upside for Commercial Metals Co from these most-recent analyst ratings.
Analyst Firms Making Recommendations1
B of A Securities
BMO Capital
UBS
Citigroup
BMO Capital
1calculated from analyst ratings
Analyst Ratings for Commercial Metals
| Buy Now | Get Alert | |||||||
|---|---|---|---|---|---|---|---|---|
| 06/26/2024 | Buy Now | 31.08% | B of A Securities | Lawson Winder | $70 → $69 | Maintains | Buy | Get Alert |
| 03/22/2024 | Buy Now | 13.98% | BMO Capital | Katja Jancic | $52 → $60 | Maintains | Market Perform | Get Alert |
| 01/16/2024 | Buy Now | 23.48% | UBS | Cleve Rueckert | → $65 | Initiates | → Buy | Get Alert |
| 01/09/2024 | Buy Now | -1.22% | BMO Capital | Katja Jancic | $50 → $52 | Maintains | Market Perform | Get Alert |
| 10/16/2023 | Buy Now | -8.81% | Citigroup | Alexander Hacking | $56 → $48 | Maintains | Neutral | Get Alert |
| 10/13/2023 | Buy Now | -5.02% | BMO Capital | David Gagliano | $58 → $50 | Maintains | Market Perform | Get Alert |
| 07/11/2023 | Buy Now | 19.68% | UBS | Cleve Rueckert | → $63 | Initiates | → Buy | Get Alert |
| 06/23/2023 | Buy Now | 10.18% | BMO Capital | David Gagliano | $56 → $58 | Maintains | Market Perform | Get Alert |
| 04/05/2023 | Buy Now | 13.98% | B of A Securities | Lawson Winder | $56 → $60 | Upgrade | Neutral → Buy | Get Alert |
| 02/23/2023 | Buy Now | — | Keybanc | Philip Gibbs | — | Downgrade | Overweight → Sector Weight | Get Alert |
| 02/15/2023 | Buy Now | 6.38% | Citigroup | Alexander Hacking | $54 → $56 | Maintains | Neutral | Get Alert |
| 01/11/2023 | Buy Now | 8.28% | Keybanc | Philip Gibbs | $50 → $57 | Maintains | Overweight | Get Alert |
| 01/10/2023 | Buy Now | 0.68% | Goldman Sachs | Emily Chieng | $48 → $53 | Maintains | Neutral | Get Alert |
| 01/10/2023 | Buy Now | 6.38% | BMO Capital | David Gagliano | $49 → $56 | Maintains | Market Perform | Get Alert |
| 01/04/2023 | Buy Now | 4.48% | B of A Securities | Lawson Winder | → $55 | Reinstates | → Neutral | Get Alert |
| 11/22/2022 | Buy Now | -5.02% | Keybanc | Philip Gibbs | $46 → $50 | Maintains | Overweight | Get Alert |
| 10/17/2022 | Buy Now | -12.61% | Keybanc | Philip Gibbs | $45 → $46 | Maintains | Overweight | Get Alert |
| 10/14/2022 | Buy Now | -16.41% | Citigroup | Alexander Hacking | $42 → $44 | Maintains | Neutral | Get Alert |
| 10/14/2022 | Buy Now | -18.31% | BMO Capital | David Gagliano | $37 → $43 | Maintains | Market Perform | Get Alert |
| 10/06/2022 | Buy Now | -29.71% | Goldman Sachs | Emily Chieng | $41 → $37 | Maintains | Neutral | Get Alert |
| 07/19/2022 | Buy Now | -14.51% | Keybanc | Philip Gibbs | $49 → $45 | Maintains | Overweight | Get Alert |
| 06/17/2022 | Buy Now | -31.61% | Citigroup | Alexander Hacking | $44 → $36 | Maintains | Neutral | Get Alert |
| 06/17/2022 | Buy Now | -25.91% | Credit Suisse | Curt Woodworth | $37 → $39 | Maintains | Neutral | Get Alert |
| 06/14/2022 | Buy Now | 2.58% | JP Morgan | Michael Glick | $55 → $54 | Maintains | Overweight | Get Alert |
| 06/07/2022 | Buy Now | -6.91% | Keybanc | Philip Gibbs | $48 → $49 | Maintains | Overweight | Get Alert |
| 05/19/2022 | Buy Now | -8.81% | Keybanc | Philip Gibbs | $50 → $48 | Maintains | Overweight | Get Alert |
| 04/20/2022 | Buy Now | -5.02% | Keybanc | Philip Gibbs | $47 → $50 | Maintains | Overweight | Get Alert |
| 03/24/2022 | Buy Now | 4.48% | JP Morgan | Michael Glick | $47 → $55 | Maintains | Overweight | Get Alert |
| 03/18/2022 | Buy Now | -14.51% | BMO Capital | David Gagliano | $40 → $45 | Maintains | Market Perform | Get Alert |
| 03/18/2022 | Buy Now | -10.71% | Keybanc | Philip Gibbs | $45 → $47 | Maintains | Overweight | Get Alert |
| 03/16/2022 | Buy Now | -14.51% | Keybanc | Philip Gibbs | $42 → $45 | Maintains | Overweight | Get Alert |
| 01/21/2022 | Buy Now | -14.51% | Exane BNP Paribas | Seth Rosenfeld | → $45 | Upgrade | Neutral → Outperform | Get Alert |
| 01/19/2022 | Buy Now | -20.21% | Keybanc | Philip Gibbs | → $42 | Upgrade | Sector Weight → Overweight | Get Alert |
| 12/10/2021 | Buy Now | — | JP Morgan | Michael Glick | — | Upgrade | Neutral → Overweight | Get Alert |
| 11/17/2021 | Buy Now | -22.11% | Wolfe Research | — | — | Initiates | → Outperform | Get Alert |
| 10/06/2021 | Buy Now | -37.31% | Goldman Sachs | Emily Chieng | — | Upgrade | Sell → Neutral | Get Alert |
FAQ
What is the target price for Commercial Metals (CMC) stock?
The latest price target for Commercial Metals (NYSE:CMC) was reported by B of A Securities on June 26, 2024. The analyst firm set a price target for $69.00 expecting CMC to rise to within 12 months (a possible 31.08% 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 B of A Securities, and Commercial Metals maintained their buy 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 June 26, 2024 so you should expect the next rating to be made available sometime around June 26, 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 $70.00 to $69.00. The current price Commercial Metals (CMC) is trading at is $52.64, which is out of the analyst’s predicted range.
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