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CMC
CMC

Commercial Metals (CMC) Stock Forecast & Price Target

Commercial Metals (CMC) Analyst Ratings

Based on 22 analyst ratings
Hold
Strong Buy 23%
Buy 14%
Hold 55%
Sell 5%
Strong Sell 5%

Bulls say

Commercial Metals Co. is poised for growth, with Q3 FY24 expectations indicating meaningful increases in shipments and earnings on account of favorable seasonal trends and a robust downstream backlog, which rose by 11% quarter-over-quarter. The company's capital expenditures for FY2024 have been raised to $550-600 million, underscoring their commitment to growth investments and enhancing their competitive position in the market. Furthermore, CMC's focus on improving operational efficiencies is evident in its substantial reductions in greenhouse gas emissions, energy consumption, and water withdrawal intensity, positioning the company favorably in an increasingly sustainability-conscious industry.

Bears say

The financial outlook for Commercial Metals Co suggests a negative trend, with projected declines in Q2'FY24 earnings expected to mark a trough for the fiscal year. Anticipated reductions in steel shipments in North America, coupled with further compression of steel product margins, underscore challenging market conditions that will likely impact profitability in the near term. Moreover, the newly established Emerging Businesses Group is also expected to experience sequential declines, exacerbating the uncertainty stemming from a declining backlog and seasonal volume fluctuations.

Commercial Metals (CMC) has been analyzed by 22 analysts, with a consensus rating of Hold. 23% of analysts recommend a Strong Buy, 14% recommend Buy, 55% suggest Holding, 5% advise Selling, and 5% predict a Strong Sell.

This aggregate rating is based on analysts' research of Commercial Metals and is not a guaranteed prediction by Public.com or investment advice.

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FAQs About Commercial Metals (CMC) Forecast

Analysts have given Commercial Metals (CMC) a Hold based on their latest research and market trends.

According to 22 analysts, Commercial Metals (CMC) has a Hold consensus rating as of Jul 26, 2025. This rating is provided by third-party analysts and is not investment advice from Public.com.

Wall Street analysts have set a price target of $38.66, reflecting a 0.00% increase from the current stock price.

Financial analysts have set a price target of $38.66, indicating a 0.00% increase from the current stock price, but ratings and forecasts are frequently updated based on market conditions, earnings reports, and industry trends. This prediction is provided by third-party analysts and is not investment advice from Public.com.

Commercial Metals (CMC)


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