Commercial Metals

CMC · NYSE

$64.65+$0.11 (+0.17%)TodayMarket closed · Oct 20, 7:30 PM ET

Prev close $64.54

CMC analyst rating

BuyConsensus of 12 analysts over the last 12 months. 75% rate it a buy.

Strong buy0
Buy9
Hold3
Underperform0
Sell0

12-month price target · 14 analysts

Average $82.29 (+27.3% upside)

Low: $75.75
Now: $64.65
High: $92.40

Upgrades and downgrades

The latest rating actions, newest first

CMC analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Barclays	Oct 20, 2026	Maintains	Equal-Weight	$80.00 → $72.00	57%
BMO Capital	Oct 19, 2026	Maintains	Market Perform	$75.00 → $73.00	69%
Morgan Stanley	Oct 19, 2026	Maintains	Overweight	$88.00 → $84.00	53%
JP Morgan	Oct 9, 2026	Maintains	Overweight	$83.00 → $80.00	54%
Wells Fargo	Oct 6, 2026	Maintains	Equal-Weight	$80.00 → $68.00	55%
JP Morgan	Sep 9, 2026	Maintains	Overweight	$86.00 → $83.00	58%
Barclays	Aug 7, 2026	Maintains	Equal-Weight	$75.00 → $80.00	57%
BMO Capital	Aug 6, 2026	Maintains	Market Perform	$77.00 → $80.00	69%
B of A Securities	Jul 9, 2026	Maintains	Buy	$84.00 → $78.00	100%
Citigroup	Jul 7, 2026	Maintains	Buy	$85.00 → $75.00	61%

The case for and against

Updated Dec 15, 2025

Bull case

Commercial Metals Co is poised for improved financial performance in Q4/FY25, with expectations for enhanced earnings across all segments, particularly due to better margins in North America and the anticipated benefits from CO2 credits in Europe amounting to $28 million. The Emerging Business Group is expected to demonstrate significant growth both sequentially and year-over-year, further contributing to the overall positive outlook. Additionally, the company's Q4/FY25 EBITDA estimate has been increased, reflecting optimistic projections based on marked-to-market prices and improved margins.

Bear case

Commercial Metals Co has indicated a reduction in its fiscal year 2025 capital expenditure guidance to $425-475 million, down from the previous estimate of $550-600 million, suggesting a conservative approach to investment in capacity and growth. Additionally, there is an anticipated decrease in the fiscal year 2026 EBITDA estimate, attributed to the slower ramp-up of the Arizona 2 facility and delays in the West Virginia project, which may hinder potential revenue growth. Furthermore, the potential for increased supply from new mills or imports raises concerns about pricing pressure, which could negatively impact profit margins in a competitive market.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.