Commercial Metals (CMC) Receives Media Impact Score of 0.09
Press coverage about Commercial Metals (NYSE:CMC) has been trending somewhat positive recently, Accern Sentiment reports. The research group ranks the sentiment of news coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Commercial Metals earned a coverage optimism score of 0.09 on Accern’s scale. Accern also gave headlines about the basic materials company an impact score of 46.8845615266828 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the headlines that may have impacted Accern Sentiment Analysis’s rankings:
- Commercial Metals Company (CMC) Hitting 93.40% Institutional Ownership And Echo Worldwide Logistics, Inc. (ECHO … – Wallstreet Investorplace (wallstreetinvestorplace.com)
- Traders Purchase High Volume of Put Options on Commercial Metals (CMC) (americanbankingnews.com)
- Average True Range (ATR) under Consideration – Commercial Metals Company, (NYSE: CMC) – Stock Watch (stocksnewstimes.com)
- Understanding Basic Stock Data: Commercial Metals Company (CMC) – Market Movers (financialqz.com)
- Carpenter Technology Corporation (CRS) vs. Commercial Metals (CMC) Financial Survey (americanbankingnews.com)
Commercial Metals (NYSE CMC) traded up $0.16 on Wednesday, reaching $18.88. 1,461,900 shares of the company’s stock traded hands, compared to its average volume of 2,076,842. The company has a current ratio of 2.82, a quick ratio of 1.81 and a debt-to-equity ratio of 0.58. Commercial Metals has a 12 month low of $17.05 and a 12 month high of $24.64. The firm has a market capitalization of $2,168.52, a price-to-earnings ratio of 24.63, a PEG ratio of 0.70 and a beta of 1.26.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 22nd. Stockholders of record on Wednesday, November 8th will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 2.54%. The ex-dividend date of this dividend is Tuesday, November 7th. Commercial Metals’s dividend payout ratio is 120.00%.
CMC has been the topic of several research analyst reports. Bank of America Corporation reaffirmed a “neutral” rating and set a $21.00 price objective (up from $20.00) on shares of Commercial Metals in a research note on Tuesday, September 5th. Zacks Investment Research lowered shares of Commercial Metals from a “hold” rating to a “strong sell” rating in a research report on Monday, September 4th. Macquarie initiated coverage on shares of Commercial Metals in a research report on Wednesday, September 6th. They set an “underperform” rating and a $16.00 target price on the stock. Clarkson Capital reiterated a “sell” rating and set a $16.00 target price on shares of Commercial Metals in a research report on Tuesday, August 15th. Finally, Citigroup Inc. reduced their target price on shares of Commercial Metals from $22.00 to $21.00 and set a “buy” rating on the stock in a research report on Friday, September 15th. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $21.50.
About Commercial Metals
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.
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