Commercial Metals Company (CMC)
NYSE: CMC · Real-Time Price · USD
50.27
+0.74 (1.49%)
Dec 20, 2024, 4:00 PM EST - Market closed
Commercial Metals Company Stock Forecast
Stock Price Forecast
The 6 analysts with 12-month price forecasts for CMC stock have an average target of 65, with a low estimate of 56 and a high estimate of 75. The average target predicts an increase of 29.30% from the current stock price of 50.27.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for CMC stock from 7 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 | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 | Dec '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 2 | 3 | 3 | 3 | 4 |
| Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Hold | 3 | 3 | 3 | 4 | 4 | 2 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 1 |
| Total | 5 | 5 | 6 | 7 | 7 | 7 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| UBS | UBS | Strong Buy → Strong Sell Downgrades $62 → $56 | Strong Buy → Strong Sell | Downgrades | $62 → $56 | +11.40% | Dec 12, 2024 |
| Goldman Sachs | Goldman Sachs | Strong Buy Initiates $75 | Strong Buy | Initiates | $75 | +49.19% | Dec 2, 2024 |
| 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 | +29.30% | Sep 3, 2024 |
| B of A Securities | B of A Securities | Strong Buy Maintains $70 → $69 | Strong Buy | Maintains | $70 → $69 | +37.26% | Jun 26, 2024 |
Financial Forecast
Revenue This Year
8.02B
from 7.93B
Increased by 1.17%
Revenue Next Year
8.75B
from 8.02B
Increased by 9.12%
EPS This Year
3.92
from 4.14
Decreased by -5.43%
EPS Next Year
4.75
from 3.92
Increased by 21.30%
Revenue Forecast
| Revenue | 2025 | 2026 | 2027 |
|---|---|---|---|
| High | 8.9B | 9.7B | 10.2B |
| Avg | 8.0B | 8.8B | 9.2B |
| Low | 7.3B | 8.0B | 8.3B |
Revenue Growth
| Revenue Growth | 2025 | 2026 | 2027 |
|---|---|---|---|
| High | 12.6% | 20.5% | 16.2% |
| Avg | 1.2% | 9.1% | 5.5% |
| Low | -7.6% | 0.3% | -5.6% |
EPS Forecast
| EPS | 2025 | 2026 | 2027 |
|---|---|---|---|
| High | 4.80 | 5.49 | 5.97 |
| Avg | 3.92 | 4.75 | 4.96 |
| Low | 3.43 | 3.66 | 4.26 |
EPS Growth
| EPS Growth | 2025 | 2026 | 2027 |
|---|---|---|---|
| High | 15.9% | 40.3% | 25.8% |
| Avg | -5.4% | 21.3% | 4.4% |
| Low | -17.1% | -6.6% | -10.2% |
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.