Analysts’ Weekly Ratings Updates for Commercial Metals (CMC)

Several analysts have recently updated their ratings and price targets for Commercial Metals (NYSE: CMC):

  • 4/6/2018 – Commercial Metals is now covered by analysts at Longbow Research. They set a “buy” rating and a $27.00 price target on the stock.
  • 4/3/2018 – Commercial Metals was downgraded by analysts at Citigroup from a “buy” rating to a “neutral” rating. They now have a $22.00 price target on the stock, down previously from $26.72.
  • 3/29/2018 – Commercial Metals had its price target lowered by analysts at Deutsche Bank from $27.00 to $26.00. They now have a “buy” rating on the stock.
  • 3/27/2018 – Commercial Metals was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Commercial Metals Company and its subsidiaries manufacture, recycle and market steel and metal products, related materials and services through a network including four electric arc furnace (EAF) mini mills, an EAF Micro mill, a rerolling mill, steel fabrication and processing plants, construction-related product warehouses, metal recycling facilities and marketing and distribution offices in the United States and in strategic international markets. CMC is an efficient, high quality, low-cost producer. CMC has a high degree of vertical integration and is organized into two business units: CMC Americas and CMC International. “
  • 3/23/2018 – Commercial Metals was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 3/23/2018 – Commercial Metals had its “buy” rating reaffirmed by analysts at Jefferies Group LLC.
  • 3/20/2018 – Commercial Metals is now covered by analysts at Goldman Sachs. They set a “sell” rating and a $25.00 price target on the stock.
  • 3/20/2018 – Commercial Metals was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $27.00 price target on the stock. According to Zacks, “Commercial Metals Company and its subsidiaries manufacture, recycle and market steel and metal products, related materials and services through a network including four electric arc furnace (EAF) mini mills, an EAF Micro mill, a rerolling mill, steel fabrication and processing plants, construction-related product warehouses, metal recycling facilities and marketing and distribution offices in the United States and in strategic international markets. CMC is an efficient, high quality, low-cost producer. CMC has a high degree of vertical integration and is organized into two business units: CMC Americas and CMC International. “
  • 3/14/2018 – Commercial Metals was downgraded by analysts at Bank of America from a “buy” rating to a “neutral” rating. They now have a $28.00 price target on the stock, up previously from $25.36. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 3/9/2018 – Commercial Metals was upgraded by analysts at JPMorgan Chase from a “neutral” rating to an “overweight” rating.
  • 3/1/2018 – Commercial Metals was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.

Commercial Metals stock opened at $19.35 on Monday. The firm has a market cap of $2,256.82, a P/E ratio of 31.21, a price-to-earnings-growth ratio of 0.33 and a beta of 1.34. The company has a current ratio of 3.11, a quick ratio of 2.12 and a debt-to-equity ratio of 0.55. Commercial Metals has a 52-week low of $17.05 and a 52-week high of $26.72.

How to Become a New Pot Stock Millionaire

Commercial Metals (NYSE:CMC) last announced its earnings results on Thursday, March 22nd. The basic materials company reported $0.26 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.26. Commercial Metals had a net margin of 1.15% and a return on equity of 8.05%. The business had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter in the prior year, the firm posted $0.25 earnings per share. The business’s revenue for the quarter was up 22.3% on a year-over-year basis. equities research analysts predict that Commercial Metals will post 1.41 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 19th. Stockholders of record on Wednesday, April 4th will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 2.48%. The ex-dividend date is Tuesday, April 3rd. Commercial Metals’s dividend payout ratio is currently 77.42%.

In other news, EVP Tracy L. Porter sold 6,935 shares of the stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $25.14, for a total value of $174,345.90. Following the sale, the executive vice president now owns 10 shares of the company’s stock, valued at $251.40. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Tracy L. Porter sold 13,601 shares of the stock in a transaction on Thursday, January 18th. The shares were sold at an average price of $25.04, for a total transaction of $340,569.04. Following the completion of the sale, the executive vice president now directly owns 10 shares in the company, valued at approximately $250.40. The disclosure for this sale can be found here. In the last three months, insiders sold 60,536 shares of company stock worth $1,541,915. Insiders own 1.50% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. 3G Capital Partners LP bought a new position in shares of Commercial Metals in the third quarter worth about $9,515,000. ING Groep NV grew its holdings in shares of Commercial Metals by 23.3% in the fourth quarter. ING Groep NV now owns 17,479 shares of the basic materials company’s stock worth $373,000 after purchasing an additional 3,299 shares during the last quarter. GSA Capital Partners LLP bought a new position in shares of Commercial Metals in the third quarter worth about $295,000. Wealthstreet Investment Advisors LLC bought a new position in shares of Commercial Metals in the fourth quarter worth about $350,000. Finally, Frontier Investment Mgmt Co. bought a new position in shares of Commercial Metals in the fourth quarter worth about $617,000. 88.23% of the stock is currently owned by institutional investors and hedge funds.

Commercial Metals Company, together with its subsidiaries, manufactures, recycles and markets steel and metal products, related materials and services through a network. The Company’s Americas Recycling segment processes scrap metals for use as a raw material by manufacturers of new metal products. The Americas Mills segment consists of steel mills, commonly referred to as minimills that produce reinforcing bar (rebar), angles, flats and rounds.

Receive News & Ratings for Commercial Metals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Commercial Metals and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Somewhat Positive News Coverage Somewhat Unlikely to Impact Wintrust Financial  Stock Price
Somewhat Positive News Coverage Somewhat Unlikely to Impact Wintrust Financial Stock Price
SAGE Therapeutics  Receives Media Impact Score of 0.08
SAGE Therapeutics Receives Media Impact Score of 0.08
First Citizens BancShares  Given Daily Media Sentiment Rating of 0.22
First Citizens BancShares Given Daily Media Sentiment Rating of 0.22
International Game Technology  Receiving Somewhat Favorable Press Coverage, Accern Reports
International Game Technology Receiving Somewhat Favorable Press Coverage, Accern Reports
Acute Angle Cloud Tops 1-Day Volume of $7.13 Million
Acute Angle Cloud Tops 1-Day Volume of $7.13 Million
FuturXe  Price Tops $0.0093 on Exchanges
FuturXe Price Tops $0.0093 on Exchanges


© 2006-2018 Ticker Report. Google+.