Wells Fargo & Company Cuts Commercial Metals (NYSE:CMC) Price Target to $77.00

Commercial Metals (NYSE:CMC) had its target price reduced by equities research analysts at Wells Fargo & Company from $80.00 to $77.00 in a report released on Friday,Benzinga reports. The brokerage currently has an “overweight” rating on the basic materials company’s stock. Wells Fargo & Company‘s target price indicates a potential upside of 29.53% from the stock’s current price.

Other analysts have also issued reports about the company. Zacks Research lowered Commercial Metals from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 3rd. JPMorgan Chase & Co. upgraded Commercial Metals from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $64.00 to $78.00 in a research note on Friday, December 5th. Citigroup lifted their price objective on Commercial Metals from $65.00 to $85.00 and gave the stock a “buy” rating in a report on Monday, January 12th. Wall Street Zen raised shares of Commercial Metals from a “buy” rating to a “strong-buy” rating in a report on Friday, November 28th. Finally, Morgan Stanley increased their target price on shares of Commercial Metals from $68.00 to $85.00 and gave the stock an “overweight” rating in a research report on Friday, January 9th. Eight investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $72.50.

Commercial Metals Stock Performance

NYSE CMC opened at $59.45 on Friday. The company has a fifty day moving average price of $72.92 and a 200-day moving average price of $66.51. The firm has a market cap of $6.59 billion, a price-to-earnings ratio of 15.32, a PEG ratio of 0.34 and a beta of 1.47. The company has a debt-to-equity ratio of 0.77, a current ratio of 4.47 and a quick ratio of 3.70. Commercial Metals has a 1 year low of $37.92 and a 1 year high of $84.87.

Commercial Metals (NYSE:CMC) last released its earnings results on Thursday, March 26th. The basic materials company reported $1.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.28 by ($0.12). The business had revenue of $2.13 billion during the quarter, compared to the consensus estimate of $2.10 billion. Commercial Metals had a net margin of 5.46% and a return on equity of 11.43%. The business’s revenue was up 21.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.26 earnings per share. As a group, equities research analysts predict that Commercial Metals will post 3.09 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Dennis V. Arriola acquired 2,000 shares of the business’s stock in a transaction dated Tuesday, January 20th. The stock was purchased at an average cost of $74.69 per share, for a total transaction of $149,380.00. Following the acquisition, the director owned 9,238 shares of the company’s stock, valued at $689,986.22. This trade represents a 27.63% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Jennifer J. Durbin sold 25,050 shares of the stock in a transaction that occurred on Tuesday, February 3rd. The shares were sold at an average price of $79.97, for a total transaction of $2,003,248.50. Following the transaction, the insider owned 52,880 shares in the company, valued at $4,228,813.60. The trade was a 32.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.62% of the stock is owned by corporate insiders.

Institutional Trading of Commercial Metals

Large investors have recently modified their holdings of the business. Root Financial Partners LLC bought a new stake in Commercial Metals in the third quarter valued at $25,000. Rothschild Investment LLC raised its holdings in Commercial Metals by 169.6% in the 3rd quarter. Rothschild Investment LLC now owns 515 shares of the basic materials company’s stock worth $29,000 after purchasing an additional 324 shares in the last quarter. Spire Wealth Management lifted its position in shares of Commercial Metals by 42.4% in the 3rd quarter. Spire Wealth Management now owns 615 shares of the basic materials company’s stock worth $35,000 after purchasing an additional 183 shares during the period. Global Retirement Partners LLC lifted its position in shares of Commercial Metals by 110.7% in the 4th quarter. Global Retirement Partners LLC now owns 573 shares of the basic materials company’s stock worth $40,000 after purchasing an additional 301 shares during the period. Finally, V Square Quantitative Management LLC bought a new stake in shares of Commercial Metals during the 4th quarter valued at about $54,000. 86.90% of the stock is owned by institutional investors.

Commercial Metals News Summary

Here are the key news stories impacting Commercial Metals this week:

• Positive Sentiment: Strong Q2 operational results — Consolidated core EBITDA roughly doubled year‑over‑year, adjusted EBITDA margins improved across segments, backlog and bookings look healthy, and management reiterated progress on precast integration and targeted leverage reduction. CMC Reports Second Quarter of Fiscal 2026 Results
• Positive Sentiment: Dividend increase — Board raised the quarterly dividend 11% to $0.20/share, signaling management confidence in cash flow and the balance sheet. CMC Announces an 11% Increase in Quarterly Dividend
• Positive Sentiment: Analyst backing — Bank of America reiterated a Buy stance citing the strong quarter, improving outlook and capital returns; that endorsement supports upside thesis for investors focused on margins and share repurchases/dividends. Commercial Metals Company: Strong Q2 Beat, Improving Outlook, and Capital Returns Support Buy Rating
• Neutral Sentiment: New coverage — KeyCorp initiated coverage with a “sector weight” call; adds incremental liquidity/coverage but is not a strong directional catalyst. KeyCorp Begins Coverage on Commercial Metals (NYSE:CMC)
• Neutral Sentiment: Earnings call details — Management highlighted precast momentum and integration progress (precast contributed meaningful adjusted EBITDA), supporting medium‑term synergies and construction‑cycle exposure; useful for assessing durability of margin gains. Commercial Metals Company Q2 2026 Earnings Call Summary
• Negative Sentiment: EPS miss and market reaction — Adjusted EPS of $1.16 missed consensus (around $1.28–$1.33), and some outlets noted the stock slipped despite strong revenue and backlog; the EPS miss and profit‑taking explain downward pressure on the share price. Commercial Metals (CMC) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates CMC Stock Slips Despite Q2 Revenue Climb

Commercial Metals Company Profile

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.