Commercial Metals Co reaches 52-week high amid sector rotation
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 02 Jan 26
Commercial Metals Co (CMC) saw a price increase of 4.02%, reaching a 52-week high. This movement occurs in a mixed market context, with the Nasdaq-100 down 0.23% and the S&P 500 up 0.05%.
The stock's rise is attributed to sector rotation, as investors are shifting their focus towards materials and industrials, despite the slight decline in the broader tech sector. This trend indicates a growing confidence in the fundamentals of companies like CMC, which are benefiting from increased demand in construction and infrastructure projects.
As the market continues to evolve, CMC's strong performance may attract further investor interest, particularly as the company capitalizes on favorable market conditions and ongoing projects in the pipeline.
Analyst Views on CMC
Wall Street analysts forecast CMC stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for CMC is 67.89 USD with a low forecast of 62.00 USD and a high forecast of 80.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
10 Analyst Rating
5 Buy
5 Hold
0 Sell
Moderate Buy
Current: 72.690
Low
62.00
Averages
67.89
High
80.00
Current: 72.690
Low
62.00
Averages
67.89
High
80.00
About CMC
Commercial Metals Company is engaged in offering products and technologies to meet the critical reinforcement needs of the global construction sector. The Company’s solutions support construction across a wide variety of applications, including infrastructure, non-residential, residential, industrial, and energy generation, and transmission. Its segments include North America Steel Group, Europe Steel Group and the Emerging Businesses Group. The North America Steel Group segment provides a diverse range of products and solutions to support the construction sector. The Europe Steel Group segment is composed of a vertically integrated network of recycling facilities, an EAF mini mill and fabrication operations located in Poland. The Emerging Businesses Group segment's portfolio consists of its construction services products, Tensar products and solutions and its impact metals, and performance reinforcing steel products. It is also a supplier of precast concrete and pipe products.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
