Recent Analysts’ Ratings Updates for Commercial Metals (CMC)

Several brokerages have updated their recommendations and price targets on shares of Commercial Metals (NYSE: CMC) in the last few weeks:

• 1/6/2025 – Commercial Metals had its price target lowered by analysts at Jefferies Financial Group Inc. from $65.00 to $62.00. They now have a “buy” rating on the stock.
• 1/3/2025 – Commercial Metals was downgraded by analysts at BNP Paribas from an “outperform” rating to a “neutral” rating.
• 1/3/2025 – Commercial Metals had its price target lowered by analysts at BMO Capital Markets from $62.00 to $58.00. They now have a “market perform” rating on the stock.
• 12/19/2024 – Commercial Metals is now covered by analysts at Morgan Stanley. They set an “equal weight” rating and a $65.00 price target on the stock.
• 12/12/2024 – Commercial Metals had its “sell” rating reaffirmed by analysts at UBS Group AG. They now have a $56.00 price target on the stock, down previously from $62.00.
• 12/2/2024 – Commercial Metals is now covered by analysts at The Goldman Sachs Group, Inc.. They set a “buy” rating and a $75.00 price target on the stock.

Commercial Metals Stock Performance

Shares of NYSE CMC opened at $48.77 on Wednesday. The firm’s 50-day moving average price is $56.87 and its 200-day moving average price is $54.97. Commercial Metals has a 52-week low of $47.42 and a 52-week high of $64.53. The company has a market cap of $5.56 billion, a PE ratio of 11.78, a PEG ratio of 2.74 and a beta of 1.19. The company has a quick ratio of 2.78, a current ratio of 3.94 and a debt-to-equity ratio of 0.27.

Commercial Metals (NYSE:CMC) last posted its earnings results on Monday, January 6th. The basic materials company reported $0.78 EPS for the quarter, hitting analysts’ consensus estimates of $0.78. The business had revenue of $1.91 billion during the quarter, compared to the consensus estimate of $1.85 billion. Commercial Metals had a net margin of 6.13% and a return on equity of 12.20%. The firm’s revenue was down 4.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.49 EPS. As a group, analysts anticipate that Commercial Metals will post 4.26 EPS for the current year.

Commercial Metals Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 30th. Shareholders of record on Thursday, January 16th will be issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.48%. The ex-dividend date of this dividend is Thursday, January 16th. Commercial Metals’s dividend payout ratio is 17.39%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of CMC. Commonwealth Equity Services LLC lifted its stake in shares of Commercial Metals by 2.6% in the 2nd quarter. Commonwealth Equity Services LLC now owns 17,604 shares of the basic materials company’s stock worth $968,000 after purchasing an additional 440 shares during the period. Arizona State Retirement System raised its position in Commercial Metals by 1.3% in the second quarter. Arizona State Retirement System now owns 32,393 shares of the basic materials company’s stock worth $1,781,000 after acquiring an additional 407 shares during the period. Ballentine Partners LLC purchased a new position in shares of Commercial Metals during the 2nd quarter worth $237,000. Quest Partners LLC grew its position in shares of Commercial Metals by 525.3% during the 2nd quarter. Quest Partners LLC now owns 13,706 shares of the basic materials company’s stock valued at $754,000 after acquiring an additional 11,514 shares during the period. Finally, Choreo LLC purchased a new stake in shares of Commercial Metals in the 2nd quarter worth $566,000. 86.90% of the stock is owned by hedge funds and other institutional investors.

Commercial Metals Company manufactures, recycles, and fabricates steel and metal products, and related materials and services in the United States, Poland, China, and internationally. It operates through two segments, North America and Europe. The company processes and sells ferrous and nonferrous scrap metals to steel mills and foundries, aluminum sheet and ingot manufacturers, brass and bronze ingot makers, copper refineries and mills, secondary lead smelters, specialty steel mills, high temperature alloy manufacturers, and other consumers.