Morgan Stanley resumed coverage on Commercial Metals with a new price target
$CMC
Steel/Iron Ore
Industrials
Morgan Stanley resumed coverage of Commercial Metals with a rating of Equal-Weight and set a new price target of $65.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/10/2025 | $56.00 → $54.00 | Sell → Neutral | UBS |
| 1/3/2025 | Outperform → Neutral | Exane BNP Paribas | |
| 12/19/2024 | $65.00 | Equal-Weight | Morgan Stanley |
| 12/12/2024 | $56.00 | Buy → Sell | UBS |
| 12/2/2024 | $75.00 | Buy | Goldman |
| 10/9/2024 | Outperform → Peer Perform | Wolfe Research | |
| 9/3/2024 | $65.00 | Buy | Jefferies |
| 1/16/2024 | $65.00 | Buy | UBS |
SC 13G/A - COMMERCIAL METALS Co (0000022444) (Subject)
SC 13G/A - COMMERCIAL METALS Co (0000022444) (Subject)
SC 13G/A - COMMERCIAL METALS Co (0000022444) (Subject)
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4 - COMMERCIAL METALS Co (0000022444) (Issuer)
IRVING, Texas, Oct. 1, 2024 /PRNewswire/ -- Commercial Metals Company (NYSE: CMC) (the "Company") today announced that the Board of Directors of the Company (the "Board") appointed Kekin Ghelani to serve as the Company's Senior Vice President, Chief Strategy Officer, effective October 1, 2024. In this role, Chief Strategy Officer, Mr. Ghelani will be responsible for guiding the strategic direction of the Company, driving long-term growth and M&A activity, leading integration efforts following future acquisitions, and ensuring alignment across all lines of business to support CMC's dynamic and competitive goals. Mr. Ghelani previously served as the Chief Strategy and Growth Officer of Summit
Enhances board composition with additional qualifications and experience D.R. Horton, Inc. (NYSE:DHI), America's Builder, announced today that its Board of Directors (the "Board") has appointed three new independent directors – Barbara R. Smith, M. Chad Crow and Elaine D. Crowley – effective August 26, 2024. As part of the Company's succession planning and commitment to ensuring strong Board composition, the three newly appointed directors each bring valuable experience and insight to the D.R. Horton Board. Each appointee has an excellent professional resume that adds to the qualifications, experiences and characteristics of the Company's current Board composition. Ms. Smith was named
Barbara R. Smith to Retire as Executive ChairmanRobert S. Wetherbee Appointed Chairman of the Board of DirectorsVicki Avril-Groves to Retire from the Board of DirectorsTandra Perkins Appointed to the Board of Directors IRVING, Texas, Aug. 2, 2024 /PRNewswire/ -- Commercial Metals Company (NYSE: CMC) ("CMC" or the "Company") today announced that Barbara R. Smith, the Executive Chairman of the Company's Board of Directors (the "Board"), will retire from such position and from the Board, effective August 31, 2024. The Board has appointed Robert S. Wetherbee, who has served as an independent director on the Board since March 2023, to serve as Chairman of the Board, effective September 1, 2024.
Second quarter net earnings of $25.5 million, or $0.22 per diluted share; adjusted earnings of $29.3 million, or $0.26 per diluted shareConsolidated core EBITDA of $131.0 million in the second quarter; core EBITDA margin of 7.5%Solid North American construction demand drove a 3.3% increase in finished steel shipments compared to the prior year second quarterNew project awards reached the second highest level since late fiscal 2022, leading to a healthy North America backlog volume that grew sequentially and was stable on a year-over-year basis Europe Steel Group achieved adjusted EBITDA breakeven during the quarter, driven by effective cost management and modest margin reliefProfitability in
IRVING, Texas, March 19, 2025 /PRNewswire/ -- Today, March 19, 2025, the board of directors of Commercial Metals Company ("CMC" or the "Company") (NYSE:CMC) declared a regular quarterly cash dividend of $0.18 per share of CMC common stock. CMC's 242nd consecutive quarterly dividend will be paid on April 9, 2025, to stockholders of record as of the close of business on March 31, 2025. About CMC CMC is an innovative solutions provider helping build a stronger, safer and more sustainable world. Through an extensive manufacturing network principally located in the United States and Central Europe, CMC offers products and technologies to meet the critical reinforcement needs of the global const
IRVING, Texas, Feb. 24, 2025 /PRNewswire/ -- Commercial Metals Company (NYSE: CMC), in conjunction with its second quarter earnings release for fiscal 2025, invites you to listen to its conference call that will be broadcast live over the Internet on Thursday, March 20, 2025, at 11:00 a.m. Eastern Time (10:00 a.m. Central) with Peter Matt, President and Chief Executive Officer, and Paul Lawrence, Senior Vice President and Chief Financial Officer. The teleconference will also be available via webcast. To access the webcast (in listen-only mode), please visit CMC's Web site at www.cmc.com. About CMC CMC is an innovative solutions provider helping build a stronger, safer, and more sustaina
4 - COMMERCIAL METALS Co (0000022444) (Issuer)
4 - COMMERCIAL METALS Co (0000022444) (Issuer)
4 - COMMERCIAL METALS Co (0000022444) (Issuer)
8-K - COMMERCIAL METALS Co (0000022444) (Filer)
8-K - COMMERCIAL METALS Co (0000022444) (Filer)
10-Q - COMMERCIAL METALS Co (0000022444) (Filer)
IRVING, Texas, May 6, 2025 /PRNewswire/ -- Commercial Metals Company (NYSE:CMC) ("CMC") announced today the pricing of $150.0 million in original aggregate principal amount of Solid Waste Disposal Facility Revenue Bonds (Commercial Metals Company Project), Series 2025 (the "Bonds"), to be issued through the West Virginia Economic Development Authority (the "WVEDA"). The Bonds were sold at a price equal to 100% of the principal amount thereof, and the sale of the Bonds is expected to provide proceeds of $150.0 million. CMC intends to borrow the proceeds from the sale of the Bonds from the WVEDA pursuant to a loan agreement and use such proceeds to finance a portion of the costs of the constru
IRVING, Texas, April 25, 2025 /PRNewswire/ -- Commercial Metals Company (NYSE:CMC) ("CMC") plans to launch a proposed tax-exempt bond financing today in the amount of $150.0 million. In connection with the proposed financing, the West Virginia Economic Development Authority (the "WVEDA") authorized the issuance and sale of Solid Waste Disposal Facility Revenue Bonds (Commercial Metals Company Project), Series 2025 (the "Bonds"). If the financing is completed, WVEDA will issue the Bonds and loan the proceeds of the sale of the Bonds to CMC pursuant to a loan agreement between CMC, as borrower, and WVEDA, as lender. The loan proceeds will be used to finance a portion of the costs of the acquis
IRVING, Texas, April 22, 2025 /PRNewswire/ -- For the second consecutive year, Commercial Metals Company (NYSE: CMC), has earned recognition on USA TODAY's prestigious list of America's Best Climate Leaders for 2025. The award is presented by USA TODAY and Statista Inc., the world-leading statistics portal and industry ranking provider. The award, announced today on usatoday.com, is the latest recognition of CMC's longstanding commitment to sustainability and operational excellence. The America's Best Climate Leaders 2025 award is presented to U.S. based companies with an exemplary environmental record and proven emissions intensity reduction performance year-over-year. "As a continued indu
UBS upgraded Commercial Metals from Sell to Neutral and set a new price target of $54.00 from $56.00 previously
Exane BNP Paribas downgraded Commercial Metals from Outperform to Neutral
Morgan Stanley resumed coverage of Commercial Metals with a rating of Equal-Weight and set a new price target of $65.00