JPMorgan Chase & Co. Cuts Commercial Metals (NYSE:CMC) Price Target to $78.00

17 Apr 2026, 01:56 by Amy Steele · The Cerbat Gem

Commercial Metals (NYSE:CMC – Free Report) had its target price lowered by JPMorgan Chase & Co. from $83.00 to $78.00 in a report released on Tuesday morning,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the basic materials company’s stock.

Several other research analysts have also recently issued reports on CMC. Zacks Research cut shares of Commercial Metals from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 3rd. Wall Street Zen lowered shares of Commercial Metals from a “strong-buy” rating to a “buy” rating in a research report on Saturday, April 4th. Citigroup lifted their target price on shares of Commercial Metals from $65.00 to $85.00 and gave the company a “buy” rating in a research report on Monday, January 12th. The Goldman Sachs Group assumed coverage on shares of Commercial Metals in a research report on Wednesday, April 1st. They set a “neutral” rating and a $74.00 price target on the stock. Finally, Jefferies Financial Group set a $85.00 price target on shares of Commercial Metals and gave the stock a “buy” rating in a research report on Thursday, January 8th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $71.50.

View Our Latest Stock Analysis on Commercial Metals

Commercial Metals Price Performance

Shares of CMC opened at $64.11 on Tuesday. The company has a market cap of $7.11 billion, a price-to-earnings ratio of 14.28, a price-to-earnings-growth ratio of 0.37 and a beta of 1.47. Commercial Metals has a twelve month low of $41.26 and a twelve month high of $84.87. The company has a quick ratio of 1.55, a current ratio of 2.38 and a debt-to-equity ratio of 0.75. The company has a 50 day moving average of $68.54 and a two-hundred day moving average of $67.00.

Commercial Metals (NYSE:CMC – Get Free Report) last announced its earnings results on Thursday, March 26th. The basic materials company reported $1.16 earnings per share for the quarter, missing the consensus estimate of $1.28 by ($0.12). The firm had revenue of $2.13 billion during the quarter, compared to analyst estimates of $2.10 billion. Commercial Metals had a net margin of 6.02% and a return on equity of 13.54%. Commercial Metals’s revenue was up 21.5% on a year-over-year basis. During the same quarter last year, the business earned $0.26 earnings per share. As a group, analysts predict that Commercial Metals will post 3.09 earnings per share for the current fiscal year.

Commercial Metals Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Monday, April 6th were given a $0.20 dividend. The ex-dividend date of this dividend was Monday, April 6th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.2%. This is a boost from Commercial Metals’s previous quarterly dividend of $0.18. Commercial Metals’s payout ratio is currently 16.04%.

Insiders Place Their Bets

In related news, insider Jennifer J. Durbin sold 25,050 shares of the stock in a transaction on Tuesday, February 3rd. The shares were sold at an average price of $79.97, for a total value of $2,003,248.50. Following the transaction, the insider directly owned 52,880 shares of the company’s stock, valued at $4,228,813.60. This trade represents a 32.14% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Dennis V. Arriola bought 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 20th. The stock was bought at an average cost of $74.69 per share, for a total transaction of $149,380.00. Following the completion of the transaction, the director directly owned 9,238 shares in the company, valued at approximately $689,986.22. The trade was a 27.63% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Company insiders own 0.62% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of CMC. Lazard Asset Management LLC lifted its stake in shares of Commercial Metals by 0.6% in the 4th quarter. Lazard Asset Management LLC now owns 23,199 shares of the basic materials company’s stock worth $1,606,000 after acquiring an additional 133 shares during the period. Ashton Thomas Private Wealth LLC lifted its stake in shares of Commercial Metals by 3.1% in the fourth quarter. Ashton Thomas Private Wealth LLC now owns 4,904 shares of the basic materials company’s stock valued at $339,000 after purchasing an additional 149 shares during the period. Corient Private Wealth LLC increased its holdings in Commercial Metals by 0.7% during the 4th quarter. Corient Private Wealth LLC now owns 23,554 shares of the basic materials company’s stock valued at $1,630,000 after acquiring an additional 155 shares in the last quarter. Blue Trust Inc. increased its holdings in Commercial Metals by 2.3% during the 3rd quarter. Blue Trust Inc. now owns 7,867 shares of the basic materials company’s stock valued at $451,000 after acquiring an additional 180 shares in the last quarter. Finally, Spire Wealth Management increased its holdings in Commercial Metals by 42.4% during the 3rd quarter. Spire Wealth Management now owns 615 shares of the basic materials company’s stock valued at $35,000 after acquiring an additional 183 shares in the last quarter. 86.90% of the stock is owned by hedge funds and other institutional investors.

Commercial Metals Company Profile

(Get Free Report)

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.