Commercial Metals Company (CMC)
NYSE: CMC · IEX Real-Time Price · USD
53.48
-0.23 (-0.43%)
Apr 26, 2024, 4:00 PM EDT - 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 55.75, with a low estimate of 48 and a high estimate of 65. The average target predicts an increase of 4.24% from the current stock price of 53.48.
Analyst Consensus: Buy
* Price targets were last updated on Mar 22, 2024.
Analyst Ratings
The average analyst rating for CMC stock from 4 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 | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 2 | 2 | 2 | 2 | 1 |
| Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Hold | 4 | 4 | 4 | 4 | 3 | 3 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 6 | 6 | 6 | 6 | 5 | 4 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| BMO Capital | BMO Capital | Hold Maintains $52 → $60 | Hold | Maintains | $52 → $60 | +12.19% | Mar 22, 2024 |
| UBS | UBS | Strong Buy Initiates $65 | Strong Buy | Initiates | $65 | +21.54% | Jan 16, 2024 |
| BMO Capital | BMO Capital | Hold Maintains $50 → $52 | Hold | Maintains | $50 → $52 | -2.77% | Jan 9, 2024 |
| Citigroup | Citigroup | Hold Maintains $56 → $48 | Hold | Maintains | $56 → $48 | -10.25% | Oct 16, 2023 |
| BMO Capital | BMO Capital | Hold Maintains $58 → $50 | Hold | Maintains | $58 → $50 | -6.51% | Oct 13, 2023 |
Financial Forecast
Revenue This Year
8.08B
from 8.80B
Decreased by -8.15%
Revenue Next Year
8.12B
from 8.08B
Increased by 0.49%
EPS This Year
5.11
from 7.25
Decreased by -29.55%
EPS Next Year
4.88
from 5.11
Decreased by -4.36%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 8.9B | 9.1B | 8.5B |
| Avg | 8.1B | 8.1B | 8.1B |
| Low | 7.5B | 7.6B | 7.8B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 1.1% | 12.1% | 5.2% |
| Avg | -8.2% | 0.5% | 0.3% |
| Low | -14.2% | -6.0% | -3.5% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 5.78 | 6.35 | 3.49 |
| Avg | 5.11 | 4.88 | 3.36 |
| Low | 4.51 | 3.56 | 3.26 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | -20.3% | 24.4% | -28.6% |
| Avg | -29.6% | -4.4% | -31.3% |
| Low | -37.8% | -30.2% | -33.3% |
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.