CMC Price Prediction Next Week
Analysis and Insights
To predict the stock price of Commercial Metals Company (CMC) for the next trading week, we analyze both fundamental and technical factors.
Fundamental Analysis:
- Earnings Report: CMC reported a 5.1% decline in net sales to $1.754 billion for Q2 2025, with core EBITDA dropping significantly and adjusted EPS falling short of analyst expectations. Despite these challenges, strong North American construction demand led to increased finished steel shipments.
- Future Outlook: The company anticipates improved financial results in Q3 2025, driven by seasonal patterns in steel shipments and better margins. CEO Peter Matt expressed optimism about market conditions and customer sentiment for the upcoming construction season.
- Analyst Actions: BMO Capital slashed CMC's price target from $58 to $54, maintaining a Market Perform rating.
Technical Analysis:
- Price Trends: CMC's stock price has been experiencing volatility, with a pre-market drop of -2.77% but a regular market gain of +5.37%, closing at $49.09.
- Technical Indicators:
- RSI_14: 46.30 (oversold)
- MACD: -0.86 (bearish)
- Stochastic Oscillator: 55.93 (lower range)
- Fibonacci Levels: Resistance at 47.07 and 48.21, Support at 43.40 and 42.27
- Moving Averages: SMA_5 ($45.66), SMA_10 ($46.79), SMA_20 ($48.87), SMA_50 ($53.14), SMA_200 ($53.71)
Conclusion:
Based on the analysis, CMC's stock is expected to face resistance around $47.07 and $48.21, with support at $43.40. Given the bearish technical indicators and mixed fundamentals, the stock may consolidate or slightly decline next week.
Predicted Price: $46.50
Recommendation: Sell
CMC Similar Chart Price Prediction
The price of CMC is predicted to go up 2.16%, based on the high correlation periods with QNCX. The similarity of these two price pattern on the periods is 96.13%.
CMC
QNCX
Up: 2.16%Similarity: 96.13%
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CMC Analyst's Forecast
Curt Woodworth
UBS
Hold
2025-03-24
Price Target
$54 → $49
Upside
+0.51%
UBS lowered the firm's price target on Commercial Metals to $49 from $54 and keeps a Neutral rating on the shares. Tariff protection for U.S. steel and aluminum has exceeded the firm's expectations since the election, resulting in a significant rally in hot-rolled coil steel prices, the analyst tells investors in a research note. However, UBS is "relatively cautious" on rebar and Commercial Metals due to 2025 supply risks, noting rebar has underperformed HRC since December.
Curt Woodworth
UBS
Strong Sell → Hold
2025-01-10
Price Target
$56 → $54
Upside
+15.16%
Seth Rosenfeld
Jefferies
Strong Buy
2025-01-06
Price Target
$65 → $62
Upside
+26.76%
