Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Commercial Metals (CMC) Share Price

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News stories about Commercial Metals (NYSE:CMC) have trended somewhat positive recently, according to Accern. The research firm identifies positive and negative news coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Commercial Metals earned a media sentiment score of 0.19 on Accern’s scale. Accern also assigned media coverage about the basic materials company an impact score of 46.0866042267403 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

Here are some of the news articles that may have impacted Accern Sentiment’s rankings:

CMC has been the topic of several recent research reports. JPMorgan Chase & Co. upgraded shares of Commercial Metals from a “neutral” rating to an “overweight” rating in a research report on Friday, March 9th. Zacks Investment Research upgraded shares of Commercial Metals from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a research report on Tuesday, March 20th. Bank of America lowered shares of Commercial Metals from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $25.36 to $28.00 in a research report on Wednesday, March 14th. They noted that the move was a valuation call. Citigroup lowered shares of Commercial Metals from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $26.72 to $22.00 in a research report on Tuesday, April 3rd. Finally, Deutsche Bank decreased their price target on shares of Commercial Metals from $27.00 to $26.00 and set a “buy” rating on the stock in a research report on Thursday, March 29th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $24.33.

Commercial Metals stock opened at $23.13 on Friday. Commercial Metals has a 52 week low of $17.05 and a 52 week high of $26.72. The company has a debt-to-equity ratio of 0.55, a current ratio of 3.11 and a quick ratio of 2.12. The company has a market capitalization of $2.73 billion, a P/E ratio of 37.31, a PEG ratio of 0.39 and a beta of 1.35.

Commercial Metals (NYSE:CMC) last posted its quarterly earnings data on Thursday, March 22nd. The basic materials company reported $0.26 EPS for the quarter, hitting analysts’ consensus estimates of $0.26. Commercial Metals had a net margin of 1.15% and a return on equity of 8.05%. The firm had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.19 billion. During the same quarter last year, the business posted $0.25 EPS. The company’s revenue was up 22.3% on a year-over-year basis. equities analysts forecast that Commercial Metals will post 1.39 EPS for the current year.

In related news, VP Adam R. Hickey sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, March 2nd. The shares were sold at an average price of $25.85, for a total value of $517,000.00. Following the completion of the transaction, the vice president now owns 15,632 shares of the company’s stock, valued at approximately $404,087.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.50% of the company’s stock.

About Commercial Metals

Commercial Metals Company manufactures, recycles, and markets steel and metal products, and related materials and services in the United States and internationally. It operates through five segments: Americas Recycling, Americas Mills, Americas Fabrication, International Mill, and International Marketing and Distribution.

Insider Buying and Selling by Quarter for Commercial Metals (NYSE:CMC)

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