Commercial Metals Co. (CMC) shares have recently exceeded the average analyst 12-month target price of $33.00, trading at $33.78 per share. This signals a potential reassessment of analyst ratings, as they may choose to adjust their targets based on the company’s recent performance.
Currently, there are three different analyst targets for CMC, with the lowest at $21.00 and the highest at $42.00, indicating a standard deviation of $10.816. As none of the analysts have issued buy or strong buy ratings recently, the average rating remains steady at 3.0, categorized as a ‘Hold’.
Investors now face the decision of whether to continue holding or reassess their positions.
