Commercial Metals Company (NYSE:CMC) Stock Has Consensus Price Target of $81.64 According to Brokerages

Posted by Brian Himes on Sep 28th, 2026

Commercial Metals Company (NYSE:CMC – Get Free Report) has received an average rating of “Moderate Buy” from the fifteen research firms that are covering the company, MarketBeat reports. Five research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $81.64.

A number of analysts have issued reports on CMC shares. Wells Fargo & Company lifted their price target on Commercial Metals from $77.00 to $80.00 and gave the stock an “equal weight” rating in a report on Friday, June 26th. BNP Paribas Exane upgraded Commercial Metals from a “neutral” rating to an “outperform” rating and set a $75.00 price objective on the stock in a report on Wednesday, July 8th. BMO Capital Markets raised their target price on Commercial Metals from $77.00 to $80.00 and gave the stock a “market perform” rating in a research report on Thursday, August 6th. Weiss Ratings upgraded Commercial Metals from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, September 11th. Finally, Citigroup dropped their price target on shares of Commercial Metals from $85.00 to $75.00 and set a “buy” rating on the stock in a research note on Tuesday, July 7th.

Read Our Latest Research Report on Commercial Metals

Commercial Metals Trading Up 0.1%

Shares of NYSE:CMC opened at $65.78 on Wednesday. Commercial Metals has a 52 week low of $53.08 and a 52 week high of $84.87. The company’s 50 day moving average is $68.58 and its two-hundred day moving average is $68.13. The company has a current ratio of 2.33, a quick ratio of 1.54 and a debt-to-equity ratio of 0.73. The company has a market cap of $7.28 billion, a PE ratio of 12.39, a P/E/G ratio of 0.35 and a beta of 1.52.

Commercial Metals (NYSE:CMC – Get Free Report) last released its quarterly earnings data on Thursday, June 25th. The basic materials company reported $1.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.70 by $0.03. The business had revenue of $2.48 billion during the quarter, compared to analysts’ expectations of $2.40 billion. Commercial Metals had a net margin of 6.72% and a return on equity of 15.69%. The company’s revenue for the quarter was up 22.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.74 EPS. Equities analysts predict that Commercial Metals will post 6.62 earnings per share for the current fiscal year.

Commercial Metals announced that its Board of Directors has authorized a stock repurchase program on Wednesday, August 5th that authorizes the company to buyback $600.00 million in shares. This buyback authorization authorizes the basic materials company to buy up to 7.5% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s management believes its shares are undervalued.

Insider Activity at Commercial Metals

In related news, CEO Peter Matt bought 8,230 shares of the stock in a transaction dated Friday, July 10th. The stock was acquired at an average price of $61.30 per share, for a total transaction of $504,499.00. Following the acquisition, the chief executive officer owned 181,522 shares in the company, valued at approximately $11,127,298.60. This represents a 4.75% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director John McPherson bought 1,390 shares of the company’s stock in a transaction that occurred on Thursday, August 13th. The stock was bought at an average cost of $71.92 per share, for a total transaction of $99,968.80. Following the completion of the transaction, the director directly owned 21,927 shares in the company, valued at approximately $1,576,989.84. The trade was a 6.77% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 0.62% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Commercial Metals

Large investors have recently bought and sold shares of the stock. BlackRock Inc. acquired a new stake in shares of Commercial Metals during the second quarter worth about $954,989,000. Geode Capital Management LLC boosted its position in shares of Commercial Metals by 3.1% in the 4th quarter. Geode Capital Management LLC now owns 2,926,864 shares of the basic materials company’s stock valued at $202,626,000 after purchasing an additional 86,749 shares during the period. Bank of America Corp DE boosted its position in shares of Commercial Metals by 87.4% in the 1st quarter. Bank of America Corp DE now owns 1,631,213 shares of the basic materials company’s stock valued at $100,205,000 after purchasing an additional 760,985 shares during the period. Norges Bank purchased a new position in Commercial Metals during the 4th quarter worth approximately $97,983,000. Finally, Bank of New York Mellon Corp grew its stake in Commercial Metals by 0.9% during the 1st quarter. Bank of New York Mellon Corp now owns 977,024 shares of the basic materials company’s stock worth $60,019,000 after buying an additional 8,911 shares during the last quarter. Institutional investors and hedge funds own 86.90% of the company’s stock.

About Commercial Metals

(Get Free Report)

Commercial Metals Company (NYSE: CMC) is a steel and metals manufacturing and recycling company headquartered in Irving, Texas. Founded in 1915, the company began as a scrap-metal business and has grown into an integrated producer, recycler and fabricator serving construction and industrial markets.

CMC manufactures and distributes a range of steel products, including reinforcing bar, merchant bar, wire rod, structural products, wire mesh and other products used in concrete construction and infrastructure projects.