Jefferies has upgraded Commercial Metals Co (CMC) from Hold to Buy, reflecting a more optimistic outlook on the company's future prospects. This change in rating, effective December 9, 2025, comes as CMC's fundamentals appear to be improving, potentially signaling better-than-expected business performance or increased confidence in its strategic direction.
Based in Irving, Texas, Commercial Metals Co engages in the manufacture, recycling, and marketing of steel and metal products. The company supports construction across various applications, including infrastructure, residential, and industrial sectors. CMC operates through several segments, including the North America Steel Group and the Europe Steel Group, which collectively enhance its market position within the metals and mining industry.
The company's current price stands at $70.65, with a market capitalization of $7.3 billion. CMC's price-to-earnings ratio is 86.56, and it has reported an earnings per share (EPS) of 0.72. With a dividend yield of 107.8%, the firm is poised to attract investor interest.
Looking ahead, CMC is set to announce its next earnings on June 22, 2026, with an EPS estimate of $1.61 and projected revenue of $2.3 billion. This follows a series of mixed earnings results in 2025, including an EPS of $1.37 in Q4, slightly below expectations.
Analyst consensus currently leans towards a Buy, with 3 Strong Buy, 5 Buy, and 9 Hold ratings among 17 analysts. The recent upgrade from Jefferies underscores the evolving sentiment surrounding the company, as analysts adjust their ratings based on new information and performance metrics.