A number of firms have modified their ratings and price targets on shares of Commercial Metals (NYSE: CMC) recently:
- 6/5/2026 – Commercial Metals was upgraded by Jefferies Financial Group Inc. from “buy” to “buy”.
- 6/4/2026 – Commercial Metals had its “equal weight” rating reaffirmed by Wells Fargo & Company. They now have a $77.00 price target on the stock.
- 5/29/2026 – Commercial Metals had its price target raised by Morgan Stanley from $75.00 to $83.00. They now have an “overweight” rating on the stock.
- 5/22/2026 – Commercial Metals was upgraded by Deutsche Bank Aktiengesellschaft to “buy”.
- 5/21/2026 – Commercial Metals is now covered by Barclays PLC. They set an “equal weight” rating and a $75.00 price target on the stock.
- 5/21/2026 – Commercial Metals was upgraded by Barclays PLC to “hold”.
- 5/13/2026 – Commercial Metals was upgraded by UBS Group AG from “neutral” to “buy”. They now have a $89.00 price target on the stock, up from $79.00.
- 4/14/2026 – Commercial Metals had its price target lowered by JPMorgan Chase & Co. from $83.00 to $78.00. They now have an “overweight” rating on the stock.
Commercial Metals Increases Dividend
The company also recently declared 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 was Monday, April 6th. This is an increase from Commercial Metals’s previous quarterly dividend of $0.18. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.0%. Commercial Metals’s dividend payout ratio (DPR) is currently 16.04%.
In its steelmaking segment, CMC uses electric arc furnace technology to transform recycled scrap into reinforcing bar (rebar), merchant bar, coil and structural products.
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