Morgan Stanley Reiterates Buy Rating for Commercial Metals Company
Morgan Stanley analyst Carlos De Alba maintains a buy rating on Commercial Metals with an $88 price target, a 23.46% upside from the current price.
Key Points
- On June 22, 2026, Morgan Stanley reiterated its buy rating on Commercial Metals Company, setting a price target of $88.
- Morgan Stanley's $88 price target implies 23.46% upside from Commercial Metals Company's ($CMC) current $71.28 share price.
- Shares of NYSE:CMC traded around $72.36 on Monday, with a market cap of approximately $8.02 billion and a P/E ratio of 16.2.
- Vanguard Portfolio Management LLC opened a new position in Commercial Metals, holding 5,765,731 shares valued at about $354.19 million.
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On June 22, 2026, Morgan Stanley analyst Carlos De Alba reiterated a buy rating for Commercial Metals Company (NYSE:CMC) with a price target of $88. This decision reflects ongoing confidence in the company's performance and prospects.
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Commercial Metals Company Stock Up 5.4%
Shares of Commercial Metals traded near $72.36 on Monday. The company has a market cap of about $8.02 billion, with a price-to-earnings ratio of 16.2 and a forward P/E of 10.5. The stock's beta is 1.505, indicating higher volatility compared to the market. Over the past 52 weeks, the stock has ranged from a low of $47.06 to a high of $84.87. It has a 50-day moving average of $71.25 and a 200-day moving average of $67.24. The current ratio is 2.38, and the quick ratio is 1.30, with a debt-to-equity ratio of 81.61.
$CMC price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
Commercial Metals reported revenue of approximately $8.39 billion, with a revenue growth rate of 21.5%. The company achieved an earnings per share (EPS) of $4.47. Its net margin stands at 6.0%, and return on equity (ROE) is 12.0%. The next earnings report is scheduled for June 25, 2026.
Dividend
The company offers an annual dividend rate of $0.74, yielding about 1.02% with a payout ratio of 16.11%. The dividend provides a steady income stream for shareholders.
Insider Buying and Selling at Commercial Metals Company
Several insiders engaged in transactions on April 15, 2026. Perkins Tandra and Arriola Dennis each bought 19 and 22 shares, respectively, at an average price of $64.91. Other insiders, including Wetherbee Robert and Hickton Dawne, also made small purchases at the same price. Meanwhile, President and CEO Peter Matt sold 4,685 shares at $65.57 on April 10, 2026.
Analysts Set New Price Targets
On June 22, 2026, Morgan Stanley maintained its buy rating with a target of $88. UBS upgraded the stock to a buy with a target of $89 on May 14, 2026. Barclays initiated coverage with a hold rating and a $75 target on May 22, 2026. The consensus recommendation is a buy, with an average target price of $80.55 among 11 analysts.
About Commercial Metals Company
Commercial Metals Company, headquartered in Irving, Texas, manufactures, recycles, and fabricates steel and metal products. Operating through three segments—North America Steel Group, Europe Steel Group, and Emerging Businesses Group—the company serves various industries, including construction, energy, and military. It processes and sells scrap metals, manufactures long steel products, and provides construction-related products and equipment. Founded in 1915, the company employs approximately 12,690 people.
Bottom Line
Morgan Stanley's reaffirmation of its buy rating on Commercial Metals underscores the firm's positive outlook on the company's future. With a robust market position and upcoming earnings report, investors will be keenly watching the company's performance. Remember, 13F filings and analyst ratings are backward-looking and may not reflect the most current positions or sentiments.
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