CMC, US2017231034

JPMorgan cuts target for Commercial Metals stock to USD 80.00

Published on 10/15/2026 at 19:42 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

P/E is 11.19 for Commercial Metals on October 15, 2026. Commercial Metals stock costs EUR 58.25 on October 15, 2026, up 4.02 percent versus Tradegate close.

Analyst target and valuation

JPMorgan set an USD 80.00 target for Commercial Metals on October 9, 2026.
Commercial Metals had a P/E ratio of 11.19 on October 15, 2026.
Commercial Metals stock costs EUR 58.25 at Lang & Schwarz on October 15, 2026 at 7:35 p.m. CEST, 4.02 percent above the Tradegate close of October 9, 2026.
Commercial Metals had a market capitalization of USD 7.3 billion on October 15, 2026.

CMC, US2017231034, Illustration mit AI erstellt.

JPMorgan cut its target for Commercial Metals from USD 83.00 to USD 80.00 on October 9, 2026, while keeping an overweight rating, according to MarketBeat. The target sits 21.90 percent above the USD 65.63 NYSE quote used for the comparison. Commercial Metals stock was trading at EUR 58.25 at Lang & Schwarz on October 15, 2026 at 7:35 p.m. CEST, 4.02 percent above the Tradegate close of October 9, 2026 at EUR 56.00.

The target sits above the quote

The JPMorgan change gives the stock a fresh valuation marker without changing the broader analyst picture. MarketBeat reported nine Buy ratings and six Hold ratings on October 9, 2026, alongside an average target of USD 80.27. The published JPMorgan target is below that average, but it remains above the NYSE price of USD 65.63 on October 15, 2026.

Commercial Metals operates in steel production, recycling, fabrication and construction solutions. Its own corporate site describes an integrated model that turns scrap into steel products and supplies reinforcement solutions for construction projects, including rebar and fabricated materials, according to Commercial Metals.

Price remains below the yearly high

The EUR 58.25 Lang & Schwarz quote stands between the dated Tradegate reference and the company's NYSE range. The 52-week range is USD 53.08 to USD 84.87, with the current NYSE price of USD 65.63 sitting 22.68 percent below the high and 23.65 percent above the low. Trading volume was 977,202 shares against an average of 1,102,801 shares on October 15, 2026.

Valuation and business scale

Commercial Metals had a market capitalization of USD 7.3 billion and a trailing P/E ratio of 11.19 on October 15, 2026. The dividend yield was 1.00 percent. These figures place the valuation below the two steel peers shown in the comparison below, although the businesses have different product mixes and geographic exposure.

Comparison with peers

Commercial Metals (Lang & Schwarz, EUR): plus 4.02 percent, P/E 11.19, market capitalization USD 7.3 billion
Nucor (NYSE, USD): minus 1.35 percent, P/E 20.20, market capitalization USD 57.5 billion
Steel Dynamics (Nasdaq, USD): minus 1.24 percent, P/E 21.74, market capitalization USD 34.4 billion

Stock position in Germany

For investors watching the German quotation, the key split is between the EUR 58.25 Lang & Schwarz price and the USD 65.63 NYSE quote. The analyst target is expressed in USD, while the German market view is anchored by the dated EUR quotation and its Tradegate comparison.

Commercial Metals stock was trading at EUR 58.25 at Lang & Schwarz on October 15, 2026 at 7:35 p.m. CEST, 4.02 percent above the Tradegate close of October 9, 2026 at EUR 56.00. The further course of trading is shown by the continuously updated real-time quote of Commercial Metals stock.