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Hot Stocks
Commercial Metals completes $550M acquisition of Tensar Corporation » 09:42
04/25/22
04/25
09:42
04/25/22
09:42
CMC

Commercial Metals

$42.16 /

+0.01 (+0.02%)

Commercial Metals Company…

Commercial Metals Company announced that it has successfully completed the acquisition of TAC Acquisition Corp. from Castle Harlan, a New York-based private equity firm, for a cash purchase price of $550M, subject to customary purchase price adjustments. Tensar is a global provider of ground stabilization and soil reinforcement solutions. Rockefeller Financial LLC served as the exclusive financial advisor and Kirkland & Ellis LLP served as legal counsel to CMC for this transaction.

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CMC Commercial Metals
$42.16 /

+0.01 (+0.02%)

CMC Commercial Metals
$42.16 /

+0.01 (+0.02%)

03/24/22 JPMorgan
Commercial Metals price target raised to $55 from $47 at JPMorgan
03/18/22 BMO Capital
Commercial Metals price target raised to $45 from $40 at BMO Capital
01/21/22 Exane BNP Paribas
Commercial Metals upgraded to Outperform from Neutral at Exane BNP Paribas
01/19/22 KeyBanc
KeyBanc upgrades Commercial Metals to Overweight with $42 price target
CMC Commercial Metals
$42.16 /

+0.01 (+0.02%)

Over a month ago
Conference/Events
Commercial Metals management to meet virtually with Oppenheimer » 04:55
04/07/22
04/07
04:55
04/07/22
04:55
CMC

Commercial Metals

$40.83 /

-0.265 (-0.64%)

Virtual Meeting to be…

Virtual Meeting to be held on April 7 hosted by Oppenheimer.

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CMC Commercial Metals
$40.83 /

-0.265 (-0.64%)

CMC Commercial Metals
$40.83 /

-0.265 (-0.64%)

03/24/22 JPMorgan
Commercial Metals price target raised to $55 from $47 at JPMorgan
03/18/22 BMO Capital
Commercial Metals price target raised to $45 from $40 at BMO Capital
01/21/22 Exane BNP Paribas
Commercial Metals upgraded to Outperform from Neutral at Exane BNP Paribas
01/19/22 KeyBanc
KeyBanc upgrades Commercial Metals to Overweight with $42 price target
CMC Commercial Metals
$40.83 /

-0.265 (-0.64%)

CMC Commercial Metals
$40.83 /

-0.265 (-0.64%)

Conference/Events
Commercial Metals management to meet virtually with Oppenheimer » 06:14
04/01/22
04/01
06:14
04/01/22
06:14
CMC

Commercial Metals

$41.62 /

+0.42 (+1.02%)

Virtual Meeting to be…

Virtual Meeting to be held on April 7 hosted by Oppenheimer.

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CMC Commercial Metals
$41.62 /

+0.42 (+1.02%)

CMC Commercial Metals
$41.62 /

+0.42 (+1.02%)

03/24/22 JPMorgan
Commercial Metals price target raised to $55 from $47 at JPMorgan
03/18/22 BMO Capital
Commercial Metals price target raised to $45 from $40 at BMO Capital
01/21/22 Exane BNP Paribas
Commercial Metals upgraded to Outperform from Neutral at Exane BNP Paribas
01/19/22 KeyBanc
KeyBanc upgrades Commercial Metals to Overweight with $42 price target
CMC Commercial Metals
$41.62 /

+0.42 (+1.02%)

CMC Commercial Metals
$41.62 /

+0.42 (+1.02%)

Recommendations
Commercial Metals price target raised to $55 from $47 at JPMorgan » 05:45
03/24/22
03/24
05:45
03/24/22
05:45
CMC

Commercial Metals

$40.62 /

-0.26 (-0.64%)

JPMorgan analyst Michael…

JPMorgan analyst Michael Glick raised the firm's price target on Commercial Metals to $55 from $47 and keeps an Overweight rating on the shares. The analyst raised his steel price forecasts to an average of $1,500/t for the remainder of the year and to $1,300/t for 2023, and he still sees "broad upside for the group." In prior cycles, investors historically wanted to own the stocks up until the last few price hikes, Glick tells investors in a research note.

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CMC Commercial Metals
$40.62 /

-0.26 (-0.64%)

CMC Commercial Metals
$40.62 /

-0.26 (-0.64%)

03/18/22 BMO Capital
Commercial Metals price target raised to $45 from $40 at BMO Capital
01/21/22 Exane BNP Paribas
Commercial Metals upgraded to Outperform from Neutral at Exane BNP Paribas
01/19/22 KeyBanc
KeyBanc upgrades Commercial Metals to Overweight with $42 price target
01/18/22 KeyBanc
Commercial Metals upgraded to Overweight from Sector Weight at KeyBanc
CMC Commercial Metals
$40.62 /

-0.26 (-0.64%)

CMC Commercial Metals
$40.62 /

-0.26 (-0.64%)

Recommendations
Commercial Metals price target raised to $45 from $40 at BMO Capital » 07:39
03/18/22
03/18
07:39
03/18/22
07:39
CMC

Commercial Metals

$40.24 /

-0.75 (-1.83%)

BMO Capital analyst David…

BMO Capital analyst David Gagliano raised the firm's price target on Commercial Metals to $45 from $40 but keeps a Market Perform rating on the shares. "Resilient" margins and volumes drove the company's better than expected Q2 results, the analyst tells investors in a research note. Gagliano adds that despite the elevated operating and regional demand risks, he sees long-product metal spreads remaining elevated in the near term, with downstream product margins also expanding as higher lagged contract prices continue to flow through results.

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CMC Commercial Metals
$40.24 /

-0.75 (-1.83%)

CMC Commercial Metals
$40.24 /

-0.75 (-1.83%)

01/21/22 Exane BNP Paribas
Commercial Metals upgraded to Outperform from Neutral at Exane BNP Paribas
01/19/22 KeyBanc
KeyBanc upgrades Commercial Metals to Overweight with $42 price target
01/18/22 KeyBanc
Commercial Metals upgraded to Overweight from Sector Weight at KeyBanc
01/11/22 BMO Capital
Commercial Metals price target raised to $40 from $34 at BMO Capital
CMC Commercial Metals
$40.24 /

-0.75 (-1.83%)

CMC Commercial Metals
$40.24 /

-0.75 (-1.83%)

Hot Stocks
Commercial Metals anticipates strong FY22 performance » 06:53
03/17/22
03/17
06:53
03/17/22
06:53
CMC

Commercial Metals

$40.99 /

-0.07 (-0.17%)

Smith said, "We…

Smith said, "We continue to anticipate strong fiscal year 2022 financial and operational performance. Current robust demand for each of CMC's major product lines is expected to persist throughout the upcoming spring and summer construction season, underpinned by our growing downstream backlog as well as solid levels of new work entering the project pipeline. The war in Ukraine raises significant geopolitical and economic risks that we are monitoring closely. To date, CMC has not experienced any disruptions to our operations, workforce, or end-market demand. Shipment volumes of finished steel products have historically increased from second quarter levels, driven by seasonal factors, and we expect shipments during the third quarter of fiscal 2022 to follow these trends. We anticipate strong third quarter financial results, with margins remaining at high levels," Smith added.

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CMC Commercial Metals
$40.99 /

-0.07 (-0.17%)

CMC Commercial Metals
$40.99 /

-0.07 (-0.17%)

01/21/22 Exane BNP Paribas
Commercial Metals upgraded to Outperform from Neutral at Exane BNP Paribas
01/19/22 KeyBanc
KeyBanc upgrades Commercial Metals to Overweight with $42 price target
01/18/22 KeyBanc
Commercial Metals upgraded to Overweight from Sector Weight at KeyBanc
01/11/22 BMO Capital
Commercial Metals price target raised to $40 from $34 at BMO Capital
CMC Commercial Metals
$40.99 /

-0.07 (-0.17%)

CMC Commercial Metals
$40.99 /

-0.07 (-0.17%)

Earnings
Commercial Metals reports Q2 adjusted EPS $1.53, consensus $1.32 » 06:53
03/17/22
03/17
06:53
03/17/22
06:53
CMC

Commercial Metals

$40.99 /

-0.07 (-0.17%)

Reports Q2 revenue…

Reports Q2 revenue $1.61B, consensus $1.93B. Barbara Smith, chairman of the board, president and CEO, said, "Outstanding operational execution, combined with strong end-market demand, produced the second-best financial performance in CMC's 107-year history, behind only the previous quarter. I am extremely proud of CMC's entire team as they continue to optimize our business, improve efficiency and deliver the high-quality service our customers have come to expect, while also advancing CMC's strategic vision. During the last twelve months, CMC generated core EBITDA from continuing operations of more than $1.1 billion, a clear demonstration of the earnings power created by the strategic actions taken in past years that have enabled us to take full advantage of current market conditions."

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CMC Commercial Metals
$40.99 /

-0.07 (-0.17%)

CMC Commercial Metals
$40.99 /

-0.07 (-0.17%)

01/21/22 Exane BNP Paribas
Commercial Metals upgraded to Outperform from Neutral at Exane BNP Paribas
01/19/22 KeyBanc
KeyBanc upgrades Commercial Metals to Overweight with $42 price target
01/18/22 KeyBanc
Commercial Metals upgraded to Overweight from Sector Weight at KeyBanc
01/11/22 BMO Capital
Commercial Metals price target raised to $40 from $34 at BMO Capital
CMC Commercial Metals
$40.99 /

-0.07 (-0.17%)

CMC Commercial Metals
$40.99 /

-0.07 (-0.17%)

Over a quarter ago
Upgrade
Commercial Metals upgraded to Outperform from Neutral at Exane BNP Paribas » 05:27
01/21/22
01/21
05:27
01/21/22
05:27
CMC

Commercial Metals

$35.59 /

-0.955 (-2.61%)

Exane BNP Paribas analyst…

Exane BNP Paribas analyst Seth Rosenfeld upgraded Commercial Metals to Outperform from Neutral with a $45 price target.

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CMC Commercial Metals
$35.59 /

-0.955 (-2.61%)

CMC Commercial Metals
$35.59 /

-0.955 (-2.61%)

01/19/22 KeyBanc
KeyBanc upgrades Commercial Metals to Overweight with $42 price target
01/18/22 KeyBanc
Commercial Metals upgraded to Overweight from Sector Weight at KeyBanc
01/11/22 BMO Capital
Commercial Metals price target raised to $40 from $34 at BMO Capital
12/29/21 Citi
Commercial Metals price target raised to $38 from $34 at Citi
CMC Commercial Metals
$35.59 /

-0.955 (-2.61%)

CMC Commercial Metals
$35.59 /

-0.955 (-2.61%)

Upgrade
KeyBanc upgrades Commercial Metals to Overweight with $42 price target » 06:32
01/19/22
01/19
06:32
01/19/22
06:32
CMC

Commercial Metals

$36.35 /

-1.42 (-3.76%)

As previously reported,…

As previously reported, KeyBanc analyst Philip Gibbs upgraded Commercial Metals to Overweight from Sector Weight with a $42 price target. The analyst cites stronger pricing power, M&A, and infra optionality.

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CMC Commercial Metals
$36.35 /

-1.42 (-3.76%)

CMC Commercial Metals
$36.35 /

-1.42 (-3.76%)

01/18/22 KeyBanc
Commercial Metals upgraded to Overweight from Sector Weight at KeyBanc
01/11/22 BMO Capital
Commercial Metals price target raised to $40 from $34 at BMO Capital
12/29/21 Citi
Commercial Metals price target raised to $38 from $34 at Citi
12/10/21
Fly Intel: Top five analyst upgrades
CMC Commercial Metals
$36.35 /

-1.42 (-3.76%)

CMC Commercial Metals
$36.35 /

-1.42 (-3.76%)

Upgrade
Commercial Metals upgraded to Overweight from Sector Weight at KeyBanc » 20:31
01/18/22
01/18
20:31
01/18/22
20:31
CMC

Commercial Metals

$36.49 /

-1.42 (-3.75%)

KeyBanc analyst Philip…

KeyBanc analyst Philip Gibbs upgraded Commercial Metals to Overweight from Sector Weight with a $42 price target.

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CMC Commercial Metals
$36.49 /

-1.42 (-3.75%)

CMC Commercial Metals
$36.49 /

-1.42 (-3.75%)

01/11/22 BMO Capital
Commercial Metals price target raised to $40 from $34 at BMO Capital
12/29/21 Citi
Commercial Metals price target raised to $38 from $34 at Citi
12/10/21
Fly Intel: Top five analyst upgrades
12/10/21 JPMorgan
Commercial Metals upgraded to Overweight from Neutral at JPMorgan
CMC Commercial Metals
$36.49 /

-1.42 (-3.75%)

CMC Commercial Metals
$36.49 /

-1.42 (-3.75%)

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