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Commercial Metals Co has a consensus price target of $56.92 based on the ratings of 14 analysts. The high is $75 issued by Goldman Sachs on December 2, 2024. The low is $39 issued by Credit Suisse on June 17, 2022. The 3 most-recent analyst ratings were released by Morgan Stanley, UBS, and Jefferies on February 3, 2025, January 10, 2025, and January 6, 2025, respectively. With an average price target of $57.33 between Morgan Stanley, UBS, and Jefferies, there's an implied 19.59% 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 Morgan Stanley on February 3, 2025. The analyst firm set a price target for $56.00 expecting CMC to rise to within 12 months (a possible 16.81% upside). 10 analyst firms have reported ratings in the last year.
The latest analyst rating for Commercial Metals (NYSE:CMC) was provided by Morgan Stanley, and Commercial Metals maintained their equal-weight rating.
The last upgrade for Commercial Metals Co happened on January 10, 2025 when UBS raised their price target to $54. UBS previously had a sell for Commercial Metals Co.
The last downgrade for Commercial Metals Co happened on December 12, 2024 when UBS changed their price target from $62 to $56 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 February 3, 2025 so you should expect the next rating to be made available sometime around February 3, 2026.
While ratings are subjective and will change, the latest Commercial Metals (CMC) rating was a maintained with a price target of $65.00 to $56.00. The current price Commercial Metals (CMC) is trading at is $47.94, which is out of the analyst’s predicted range.
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