Commercial Metals Co (CMC) saw a price increase of 3.01%, reaching a 52-week high. This movement comes as the Nasdaq-100 rose by 0.66% and the S&P 500 gained 0.45%.
The surge is attributed to strong earnings expectations, with analysts projecting Q1 earnings of $1.54 per share, a nearly 97% increase from the previous year. Additionally, the company recently declared a quarterly cash dividend of $0.18 per share, marking its 245th consecutive dividend, which reinforces investor confidence in its financial stability.
This positive outlook, combined with the company's strategic acquisition of Foley Products Company for $1.84 billion, positions CMC favorably in the market. The acquisition is expected to enhance its competitive edge and drive future growth, reflecting strong demand in the construction sector.
Wall Street analysts forecast CMC stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CMC is 78.26 USD with a low forecast of 62.00 USD and a high forecast of 85.00 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
Wall Street analysts forecast CMC stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CMC is 78.26 USD with a low forecast of 62.00 USD and a high forecast of 85.00 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.
8 Buy
2 Hold
0 Sell
Strong Buy
Current: 76.120
Low
62.00
Averages
78.26
High
85.00
Current: 76.120
Low
62.00
Averages
78.26
High
85.00
Morgan Stanley
NULL
to
Overweight
upgrade
$68 -> $85
2026-01-09
Reason
Morgan Stanley
Price Target
$68 -> $85
AI Analysis
2026-01-09
upgrade
NULL
to
Overweight
Reason
Morgan Stanley raised the firm's price target on Commercial Metals to $85 from $68 and keeps an Overweight rating on the shares. The firm adjusted ratings and targets in North America steel as part of its 2026 outlook. It expects steel prices to remain elevated as 50% steel tariffs "remain firm." Morgan Stanley sees domestic mills continuing to take market share from imports on capacity increases despite a relatively muted demand outlook.
Jefferies
Buy
maintain
$78 -> $85
2026-01-08
Reason
Jefferies
Price Target
$78 -> $85
2026-01-08
maintain
Buy
Reason
Jefferies raised the firm's price target on Commercial Metals to $85 from $78 and keeps a Buy rating on the shares. Commercial Metals reported Q1 EBITDA of $317M, exceeding consensus expectations on stronger-than-expected shipment volumes driven by a favorable domestic market, the analyst tells investors in a research note. Management emphasized near-term priorities of ramping organic growth, integrating recent acquisitions, paying down debt, and delivering a significant portion of planned cost savings in FY26, the firm adds.
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Jefferies
Hold
to
Buy
upgrade
$70 -> $78
2025-12-10
Reason
Jefferies
Price Target
$70 -> $78
2025-12-10
upgrade
Hold
to
Buy
Reason
Jefferies upgraded Commercial Metals to Buy from Hold with a price target of $78, up from $70.
Jefferies
Hold
to
Buy
upgrade
$70 -> $78
2025-12-10
Reason
Jefferies
Price Target
$70 -> $78
2025-12-10
upgrade
Hold
to
Buy
Reason
As previously reported, Jefferies upgraded Commercial Metals to Buy from Hold with a price target of $78, up from $70, following the stock's recent underperformance and citing the continued resilience in rebar pricing. More broadly on the group, the analyst notes that U.S. steel prices have risen in recent weeks as imports continue to decline and inventory levels fall, arguing that risk to consensus forecasts is "to the upside."
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 offering 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.
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.
