Commercial Metals Company (CMC)
NYSE: CMC · IEX Real-Time Price · USD
52.96
-0.56 (-1.05%)
Jul 2, 2024, 4:00 PM EDT - Market closed
Commercial Metals Company Stock Forecast
Stock Price Forecast
The 5 analysts with 12-month price forecasts for CMC stock have an average target of 58.4, with a low estimate of 48 and a high estimate of 69. The average target predicts an increase of 10.27% from the current stock price of 52.96.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for CMC stock from 5 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 2 | 2 | 2 | 2 | 2 |
| Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Hold | 4 | 4 | 3 | 3 | 3 | 3 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 6 | 6 | 5 | 5 | 5 | 5 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| B of A Securities | B of A Securities | Strong Buy Maintains $70 → $69 | Strong Buy | Maintains | $70 → $69 | +30.29% | Jun 26, 2024 |
| BMO Capital | BMO Capital | Hold Maintains $52 → $60 | Hold | Maintains | $52 → $60 | +13.29% | Mar 22, 2024 |
| UBS | UBS | Strong Buy Initiates $65 | Strong Buy | Initiates | $65 | +22.73% | Jan 16, 2024 |
| BMO Capital | BMO Capital | Hold Maintains $50 → $52 | Hold | Maintains | $50 → $52 | -1.81% | Jan 9, 2024 |
| Citigroup | Citigroup | Hold Maintains $56 → $48 | Hold | Maintains | $56 → $48 | -9.37% | Oct 16, 2023 |
Financial Forecast
Revenue This Year
8.04B
from 8.80B
Decreased by -8.68%
Revenue Next Year
8.20B
from 8.04B
Increased by 2.00%
EPS This Year
4.70
from 7.25
Decreased by -35.18%
EPS Next Year
5.07
from 4.70
Increased by 7.88%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 8.5B | 9.1B | 10.1B |
| Avg | 8.0B | 8.2B | 8.7B |
| Low | 7.5B | 7.6B | 7.8B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | -3.1% | 13.7% | 23.4% |
| Avg | -8.7% | 2.0% | 5.8% |
| Low | -14.2% | -5.3% | -4.4% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 5.25 | 6.35 | 6.25 |
| Avg | 4.70 | 5.07 | 4.90 |
| Low | 4.31 | 3.56 | 3.26 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | -27.6% | 35.2% | 23.2% |
| Avg | -35.2% | 7.9% | -3.3% |
| Low | -40.6% | -24.2% | -35.7% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.