Zacks Research Upgrades Commercial Metals (NYSE:CMC) to Hold

Commercial Metals (NYSE:CMC) was upgraded by equities research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report issued on Monday,Zacks.com reports. Zacks Research also issued estimates for Commercial Metals’ Q4 2026 earnings at $1.89 EPS, FY2026 earnings at $6.62 EPS, Q1 2027 earnings at $1.77 EPS, Q2 2027 earnings at $1.43 EPS, Q3 2027 earnings at $1.81 EPS, Q4 2027 earnings at $2.05 EPS, FY2027 earnings at $7.06 EPS, Q1 2028 earnings at $1.80 EPS, Q2 2028 earnings at $1.51 EPS, Q3 2028 earnings at $1.84 EPS and FY2028 earnings at $7.22 EPS.

A number of other research firms also recently commented on CMC. JPMorgan Chase & Co. cut their price objective on shares of Commercial Metals from $83.00 to $78.00 and set an “overweight” rating for the company in a report on Tuesday, April 14th. Barclays assumed coverage on Commercial Metals in a research report on Thursday, May 21st. They issued an “equal weight” rating and a $75.00 price target for the company. The Goldman Sachs Group initiated coverage on Commercial Metals in a report on Wednesday, April 1st. They issued a “neutral” rating and a $74.00 price target for the company. KeyCorp assumed coverage on Commercial Metals in a research report on Wednesday, March 25th. They set a “sector weight” rating on the stock. Finally, Wells Fargo & Company boosted their price objective on Commercial Metals from $77.00 to $80.00 and gave the stock an “equal weight” rating in a research note on Friday, June 26th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $79.45.

Commercial Metals Stock Up 3.9%

Shares of CMC opened at $66.14 on Monday. The stock has a 50 day moving average price of $70.75 and a 200 day moving average price of $70.67. Commercial Metals has a one year low of $49.66 and a one year high of $84.87. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.54 and a current ratio of 2.33. The stock has a market capitalization of $7.32 billion, a price-to-earnings ratio of 12.46, a PEG ratio of 0.37 and a beta of 1.54.

Commercial Metals (NYSE:CMC) last announced its quarterly earnings data on Thursday, June 25th. The basic materials company reported $1.73 earnings per share for the quarter, beating analysts’ consensus estimates of $1.70 by $0.03. Commercial Metals had a return on equity of 15.69% and a net margin of 6.72%.The company had revenue of $2.48 billion for the quarter, compared to analyst estimates of $2.40 billion. During the same quarter last year, the firm posted $0.74 EPS. The firm’s revenue for the quarter was up 22.9% on a year-over-year basis. Equities research analysts forecast that Commercial Metals will post 6.63 earnings per share for the current fiscal year.

Insider Buying and Selling at Commercial Metals

In other Commercial Metals news, CEO Peter R. Matt acquired 8,230 shares of the business’s stock in a transaction that occurred on Friday, July 10th. The stock was purchased at an average cost of $61.30 per share, with a total value of $504,499.00. Following the transaction, the chief executive officer owned 181,522 shares of the company’s stock, valued at $11,127,298.60. This trade represents a 4.75% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.62% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of CMC. Global Retirement Partners LLC boosted its stake in Commercial Metals by 110.7% during the fourth quarter. Global Retirement Partners LLC now owns 573 shares of the basic materials company’s stock worth $40,000 after buying an additional 301 shares during the period. V Square Quantitative Management LLC purchased a new stake in shares of Commercial Metals in the 4th quarter valued at approximately $54,000. Caitong International Asset Management Co. Ltd raised its stake in shares of Commercial Metals by 617.2% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 832 shares of the basic materials company’s stock valued at $58,000 after acquiring an additional 716 shares during the period. Los Angeles Capital Management LLC acquired a new position in shares of Commercial Metals in the 4th quarter worth approximately $59,000. Finally, Colonial Trust Co SC acquired a new position in shares of Commercial Metals in the 4th quarter worth approximately $81,000. Institutional investors and hedge funds own 86.90% of the company’s stock.

About Commercial Metals

Commercial Metals Company (NYSE: CMC) is a leading global steel and metal recycler, manufacturer and fabricator based in Irving, Texas. The company operates an integrated network of scrap recycling facilities, electric arc furnace steel mills, metal fabrication plants and distribution centers. Through these operations, Commercial Metals collects and processes ferrous scrap to produce finished steel products and provides recycled metal to a variety of end markets.

In its steelmaking segment, CMC uses electric arc furnace technology to transform recycled scrap into reinforcing bar (rebar), merchant bar, coil and structural products.