On May 30, 2025, JP Morgan analyst Bill Peterson initiated coverage on Commercial Metals (CMC, Financial) with a Neutral rating. This move marks a significant development for CMC as it seeks to solidify its position in the competitive metals market.
JP Morgan has set a price target of USD 52.00 for Commercial Metals (CMC, Financial). The announcement of this price target is part of JP Morgan's broader assessment of CMC's current market potential and future growth prospects. It is worth noting that there was no prior price target to compare with, as this is a new coverage initiation by JP Morgan.
The Neutral rating indicates that JP Morgan expects CMC's stock to perform in line with the market's average returns. Stakeholders and potential investors might consider this as a time to watch the company's future developments closely.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 10 analysts, the average target price for Commercial Metals Co (CMC, Financial) is $51.95 with a high estimate of $67.00 and a low estimate of $41.00. The average target implies an upside of 10.23% from the current price of $47.13. More detailed estimate data can be found on the Commercial Metals Co (CMC) Forecast page.
Based on the consensus recommendation from 12 brokerage firms, Commercial Metals Co's (CMC, Financial) average brokerage recommendation is currently 2.3, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Commercial Metals Co (CMC, Financial) in one year is $49.95, suggesting a upside of 5.98% from the current price of $47.13. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Commercial Metals Co (CMC) Summary page.
