CMC, US2017231034

JPMorgan cuts target to USD 80.00 for Commercial Metals stock

Published on 10/17/2026 at 20:30 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue reached USD 2.66 billion for the quarter ended August 31, 2026. Commercial Metals stock costs USD 64.98 on October 16, 2026, down 0.60 percent versus Nasdaq's prior close.

Analyst target and market position

JPMorgan lowered its Commercial Metals target from USD 83.00 to USD 80.00 on October 9, 2026.
Fiscal fourth-quarter revenue reached USD 2.66 billion for the period ended August 31, 2026.
Commercial Metals stock was last at USD 64.98 on October 16, 2026 at 4:00 p.m. ET, down 0.60 percent versus the Nasdaq prior close.
Shareholders of record on October 28, 2026 are scheduled to receive the USD 0.20 quarterly dividend on November 11, 2026.

CMC, US2017231034, Illustration mit AI erstellt.

JPMorgan lowered its price 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 revised target stood 23.11 percent above the Nasdaq price of USD 64.98. Commercial Metals stock was last at USD 64.98 on October 16, 2026 at 4:00 p.m. ET, down 0.60 percent versus the Nasdaq prior close of USD 65.37.

Revenue reached USD 2.66 billion

Commercial Metals reported fiscal fourth-quarter revenue of USD 2.66 billion for the period ended August 31, 2026, up 25.70 percent from USD 2.11 billion a year earlier. Net earnings reached USD 212.52 million, compared with USD 151.78 million in the prior-year quarter. Seeking Alpha reported that core EBITDA rose 35.10 percent year over year to USD 393.66 million, while the core EBITDA margin reached 14.80 percent.

Price position and trading volume

The October 16 Nasdaq price stood 23.44 percent below the 52-week high of USD 84.87 and 16.10 percent above the 52-week low of USD 55.97. Trading volume was 1,565,468 shares, compared with an average volume of 1,125,053 shares, a 39.14 percent increase.

Valuation and dividend date

Commercial Metals had a market capitalization of USD 7.2 billion and a price-to-earnings ratio of 11.07 on October 16, 2026. The board declared a USD 0.20 quarterly dividend on October 13, 2026. The payment is scheduled for November 11, 2026, to shareholders of record on October 28, 2026.

Comparison with peers

Commercial Metals (NYSE, USD): minus 0.60 percent, price-to-earnings ratio 11.07, market capitalization USD 7.2 billion

Cleveland-Cliffs (NYSE, USD): minus 0.25 percent, price-to-earnings ratio minus 7.26, market capitalization USD 6.9 billion

Nucor (NYSE, USD): plus 0.63 percent, price-to-earnings ratio 20.44, market capitalization USD 58.1 billion

Market position in context

CMC combines steel production, recycling and fabrication for construction and infrastructure markets. Its latest quarterly figures put the business on a stronger earnings footing than the prior-year period, while the lower JPMorgan target provides a separate valuation marker for the stock.

Commercial Metals was last at USD 64.98 on Nasdaq on October 16, 2026 at 4:00 p.m. ET. The company is listed on the NYSE under the ticker CMC.