Commercial Metals (NYSE:CMC) Raised to Hold at Zacks Research

Posted by Brenda Bartman on Jul 15th, 2026

Commercial Metals (NYSE:CMC – Get Free Report) was upgraded by investment analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report issued on Monday,Zacks.com reports. Zacks Research also issued estimates for Commercial Metals’ Q4 2026 earnings at $1.89 EPS, FY2026 earnings at $6.62 EPS, Q1 2027 earnings at $1.77 EPS, Q2 2027 earnings at $1.43 EPS, Q3 2027 earnings at $1.81 EPS, Q4 2027 earnings at $2.05 EPS, FY2027 earnings at $7.06 EPS, Q1 2028 earnings at $1.80 EPS, Q2 2028 earnings at $1.51 EPS, Q3 2028 earnings at $1.84 EPS and FY2028 earnings at $7.22 EPS.

A number of other equities research analysts have also issued reports on the stock. KeyCorp initiated coverage on shares of Commercial Metals in a report on Wednesday, March 25th. They issued a “sector weight” rating for the company. Wall Street Zen lowered shares of Commercial Metals from a “strong-buy” rating to a “buy” rating in a report on Saturday, April 4th. Bank of America dropped their price target on shares of Commercial Metals from $84.00 to $78.00 and set a “buy” rating for the company in a research note on Thursday, July 9th. UBS Group upgraded shares of Commercial Metals from a “neutral” rating to a “buy” rating and raised their price target for the stock from $79.00 to $89.00 in a report on Wednesday, May 13th. Finally, The Goldman Sachs Group started coverage on Commercial Metals in a report on Wednesday, April 1st. They set a “neutral” rating and a $74.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $79.45.

Check Out Our Latest Analysis on CMC

Commercial Metals Price Performance

Commercial Metals stock opened at $66.14 on Monday. The company has a fifty day simple moving average of $70.75 and a 200-day simple moving average of $70.67. The firm has a market capitalization of $7.32 billion, a price-to-earnings ratio of 12.46, a PEG ratio of 0.37 and a beta of 1.54. The company has a quick ratio of 1.54, a current ratio of 2.33 and a debt-to-equity ratio of 0.73. Commercial Metals has a 52-week low of $49.66 and a 52-week high of $84.87.

Commercial Metals (NYSE:CMC – Get Free Report) last issued its earnings results on Thursday, June 25th. The basic materials company reported $1.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.70 by $0.03. Commercial Metals had a return on equity of 15.69% and a net margin of 6.72%.The business had revenue of $2.48 billion during the quarter, compared to the consensus estimate of $2.40 billion. During the same period last year, the company earned $0.74 EPS. The company’s revenue for the quarter was up 22.9% on a year-over-year basis. On average, equities analysts anticipate that Commercial Metals will post 6.63 EPS for the current fiscal year.

Insider Transactions at Commercial Metals

In other news, CEO Peter R. Matt purchased 8,230 shares of the firm’s stock in a transaction on Friday, July 10th. The shares were bought at an average cost of $61.30 per share, for a total transaction of $504,499.00. Following the completion of the purchase, the chief executive officer directly owned 181,522 shares of the company’s stock, valued at approximately $11,127,298.60. This trade represents a 4.75% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.62% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Commercial Metals

Several large investors have recently bought and sold shares of CMC. State Street Corp boosted its stake in shares of Commercial Metals by 1.5% in the 4th quarter. State Street Corp now owns 6,361,477 shares of the basic materials company’s stock valued at $440,341,000 after buying an additional 91,104 shares during the period. Boston Partners raised its holdings in Commercial Metals by 1.9% in the third quarter. Boston Partners now owns 3,641,930 shares of the basic materials company’s stock valued at $208,629,000 after acquiring an additional 67,139 shares in the last quarter. Geode Capital Management LLC raised its holdings in Commercial Metals by 3.1% in the fourth quarter. Geode Capital Management LLC now owns 2,926,864 shares of the basic materials company’s stock valued at $202,626,000 after acquiring an additional 86,749 shares in the last quarter. Invesco Ltd. lifted its stake in Commercial Metals by 4.8% in the third quarter. Invesco Ltd. now owns 1,661,027 shares of the basic materials company’s stock worth $95,144,000 after acquiring an additional 76,365 shares during the last quarter. Finally, Bank of America Corp DE grew its holdings in Commercial Metals by 87.4% during the 1st quarter. Bank of America Corp DE now owns 1,631,213 shares of the basic materials company’s stock worth $100,205,000 after acquiring an additional 760,985 shares in the last quarter. Hedge funds and other institutional investors own 86.90% of the company’s stock.

About Commercial Metals

(Get Free Report)

Commercial Metals Company (NYSE: CMC) is a leading global steel and metal recycler, manufacturer and fabricator based in Irving, Texas. The company operates an integrated network of scrap recycling facilities, electric arc furnace steel mills, metal fabrication plants and distribution centers. Through these operations, Commercial Metals collects and processes ferrous scrap to produce finished steel products and provides recycled metal to a variety of end markets.

In its steelmaking segment, CMC uses electric arc furnace technology to transform recycled scrap into reinforcing bar (rebar), merchant bar, coil and structural products.