Goldman Sachs Initiates Buy Ratings on Commercial Metals
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 01 2026
0mins
Should l Buy CMC?
Source: seekingalpha
Commercial Metals Co (CMC) saw a price increase of 5.00% as it crossed above its 5-day SMA, reflecting positive market sentiment. Goldman Sachs has initiated a Buy rating on CMC, setting a price target of $74, citing strong demand in North America and a strategic focus on balance sheet health and cash flow generation. This positions the company well for future growth despite current steel price pullbacks.
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Analyst Views on CMC
Wall Street analysts forecast CMC stock price to rise
8 Analyst Rating
7 Buy
1 Hold
0 Sell
Strong Buy
Current: 66.170
Low
74.61
Averages
81.45
High
85.00
Current: 66.170
Low
74.61
Averages
81.45
High
85.00
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 Construction Solutions 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 Construction Solutions 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.
CMC Appoints New Board Member
- New Board Member: CMC announced the appointment of Mike Dumais to its Board of Directors, effective June 23, 2026, bringing over 30 years of leadership experience in industrial operations and corporate strategy, which will provide valuable strategic insights for the company.
- Extensive Industry Background: Dumais previously served as Executive Vice President and Chief Transformation Officer at Raytheon Technologies, where he led enterprise-wide transformation initiatives, particularly following the merger of United Technologies and Raytheon, showcasing his capability in managing complex operations.
- Board Structure Adjustment: This appointment increases the number of directors from nine to ten, with nine being independent, enhancing the board's diversity and expertise, which is crucial for advancing the company's strategic priorities.
- Educational Background: Dumais holds a Bachelor of Science in Electrical Engineering from Virginia Tech, a Master of Science in Electrical Engineering from the University of Pennsylvania, and an MBA from the Wharton School, providing a strong theoretical foundation for company decision-making.
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Goldman Sachs Initiates Buy Ratings on Nucor and Commercial Metals
- Goldman Ratings Boost: Goldman Sachs initiates Buy ratings on Nucor (NUE) and Commercial Metals (CMC) with price targets of $210 and $74 respectively, anticipating a rise in U.S. steel shipments due to declining imports from tariffs, which is expected to drive stock price increases for both companies.
- Market Demand Growth: The bank forecasts that by 2026, U.S. steel shipment growth will outpace demand growth, with domestic shipment volume growth still exceeding import volume growth in 2027, indicating strong performance from U.S. steel producers in the market.
- Nucor's Competitive Edge: Nucor's Buy rating is supported by its expected outperformance in the U.S. steel market driven by rising end-market demand, import share gains, and growth from its West Virginia mill, which is projected to enhance its margin expansion.
- Commercial Metals' Strategic Positioning: Goldman sees Commercial Metals as a Buy due to strong demand in North America and a strategic focus on prioritizing balance sheet health and cash flow generation over immediate capital returns, positioning the company well for future growth despite current steel price pullbacks.
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CMC Appoints New Board Member
- New Board Member: CMC announced the appointment of Mike Dumais to its Board of Directors, effective June 23, 2026, bringing over 30 years of leadership experience in industrial operations and corporate strategy, which will provide valuable strategic insights for the company.
- Extensive Industry Background: Dumais previously served as Executive Vice President and Chief Transformation Officer at Raytheon Technologies, where he led enterprise-wide transformation initiatives, particularly following the merger of United Technologies and Raytheon, showcasing his capability in managing complex operations.
- Board Structure Adjustment: This appointment increases the number of directors from nine to ten, with nine being independent, enhancing the board's diversity and expertise, which is crucial for advancing the company's strategic priorities.
- Educational Background: Dumais holds a Bachelor of Science in Electrical Engineering from Virginia Tech, a Master of Science in Electrical Engineering from the University of Pennsylvania, and an MBA from the Wharton School, providing a strong theoretical foundation for company decision-making.
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Continued Performance Outlook: These stocks are expected to maintain their performance even if a cease-fire is established.
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- Current Market Challenge: Finding stocks with attractive yields is increasingly difficult in the current market environment.
- Investment Strategy: Investors are advised to focus on companies that have a history of raising their dividends and may do so again in the near future.
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- Focus on Dividend Growth: Investors are encouraged to concentrate on companies that have a history of raising their dividends and may do so again in the near future.
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- Market Fluctuations: The S&P 500 Index closed up 0.11%, while the Dow Jones Industrial Average fell 0.13%, and the Nasdaq 100 Index rose 0.11%, reflecting volatility influenced by surging oil prices and economic data.
- Positive Economic Data: Weekly initial unemployment claims unexpectedly fell by 9,000 to 202,000, indicating a stronger labor market than the anticipated increase to 212,000, which could impact the Fed's interest rate policy.
- Impact of Oil Surge: Crude oil prices soared over 11% due to President Trump's tougher stance on Iran, leading to sharp declines in airline and cruise line stocks, with United Airlines and Carnival both down more than 3%.
- Corporate Developments: SBA Communications surged over 18% as it explores potential acquisition options, while Globalstar rose over 13% amid reports of Amazon's interest in acquiring the company, highlighting market focus on M&A activity.
See More
Goldman Sachs Initiates Buy Ratings on Nucor and Commercial Metals
- Goldman Ratings Boost: Goldman Sachs initiates Buy ratings on Nucor (NUE) and Commercial Metals (CMC) with price targets of $210 and $74 respectively, anticipating a rise in U.S. steel shipments due to declining imports from tariffs, which is expected to drive stock price increases for both companies.
- Market Demand Growth: The bank forecasts that by 2026, U.S. steel shipment growth will outpace demand growth, with domestic shipment volume growth still exceeding import volume growth in 2027, indicating strong performance from U.S. steel producers in the market.
- Nucor's Competitive Edge: Nucor's Buy rating is supported by its expected outperformance in the U.S. steel market driven by rising end-market demand, import share gains, and growth from its West Virginia mill, which is projected to enhance its margin expansion.
- Commercial Metals' Strategic Positioning: Goldman sees Commercial Metals as a Buy due to strong demand in North America and a strategic focus on prioritizing balance sheet health and cash flow generation over immediate capital returns, positioning the company well for future growth despite current steel price pullbacks.
See More
