Commercial Metals Company (CMC)
NYSE: CMC · Real-Time Price · USD
60.44
+0.72 (1.21%)
Nov 21, 2024, 3:54 PM EST - Market closed
Commercial Metals Company Stock Forecast
Stock Price Forecast
The 4 analysts with 12-month price forecasts for CMC stock have an average target of 64.75, with a low estimate of 60 and a high estimate of 69. The average target predicts an increase of 7.13% from the current stock price of 60.44.
Analyst Consensus: Strong Buy
* Price targets were last updated on Sep 3, 2024.
Analyst Ratings
The average analyst rating for CMC stock from 5 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.
Recommendation Trends
| Rating | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 2 | 2 | 3 | 3 | 3 |
| Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Hold | 3 | 3 | 3 | 3 | 4 | 2 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 5 | 5 | 5 | 6 | 7 | 5 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Wolfe Research | Wolfe Research | Buy → Hold Downgrades n/a | Buy → Hold | Downgrades | n/a | n/a | Oct 9, 2024 |
| Jefferies | Jefferies | Strong Buy Initiates $65 | Strong Buy | Initiates | $65 | +7.54% | Sep 3, 2024 |
| B of A Securities | B of A Securities | Strong Buy Maintains $70 → $69 | Strong Buy | Maintains | $70 → $69 | +14.16% | Jun 26, 2024 |
| BMO Capital | BMO Capital | Hold Maintains $52 → $60 | Hold | Maintains | $52 → $60 | -0.73% | Mar 22, 2024 |
| UBS | UBS | Strong Buy Initiates $65 | Strong Buy | Initiates | $65 | +7.54% | Jan 16, 2024 |
Financial Forecast
Revenue This Year
8.02B
from 7.93B
Increased by 1.15%
Revenue Next Year
8.79B
from 8.02B
Increased by 9.60%
EPS This Year
3.99
from 4.14
Decreased by -3.57%
EPS Next Year
4.74
from 3.99
Increased by 18.85%
Revenue Forecast
| Revenue | 2025 | 2026 | 2027 |
|---|---|---|---|
| High | 8.9B | 9.7B | 10.2B |
| Avg | 8.0B | 8.8B | 9.2B |
| Low | 7.3B | 8.1B | 8.6B |
Revenue Growth
| Revenue Growth | 2025 | 2026 | 2027 |
|---|---|---|---|
| High | 12.6% | 20.6% | 15.7% |
| Avg | 1.1% | 9.6% | 4.9% |
| Low | -7.6% | 0.8% | -1.8% |
EPS Forecast
| EPS | 2025 | 2026 | 2027 |
|---|---|---|---|
| High | 5.08 | 5.48 | 5.71 |
| Avg | 3.99 | 4.74 | 5.12 |
| Low | 3.44 | 3.66 | 4.60 |
EPS Growth
| EPS Growth | 2025 | 2026 | 2027 |
|---|---|---|---|
| High | 22.8% | 37.3% | 20.4% |
| Avg | -3.6% | 18.9% | 7.8% |
| Low | -16.9% | -8.4% | -3.1% |
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.