Commercial Metals (NYSE:CMC) has received an average recommendation of “Hold” from the eleven analysts that are covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $18.98.

Several research analysts recently weighed in on the company. TheStreet downgraded Commercial Metals from a “b-” rating to a “c+” rating in a research note on Wednesday, May 22nd. ValuEngine downgraded Commercial Metals from a “sell” rating to a “strong sell” rating in a research note on Tuesday, May 14th. Citigroup set a $16.00 target price on Commercial Metals and gave the stock a “hold” rating in a research note on Tuesday. Bank of America restated an “underperform” rating and set a $18.00 target price on shares of Commercial Metals in a research note on Friday, May 31st. Finally, Cowen restated a “market perform” rating and set a $18.50 target price (up from $17.00) on shares of Commercial Metals in a research note on Tuesday, April 9th.

A number of institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. lifted its position in Commercial Metals by 2.8% during the 4th quarter. BlackRock Inc. now owns 13,455,935 shares of the basic materials company’s stock worth $215,565,000 after acquiring an additional 370,343 shares during the period. Dimensional Fund Advisors LP lifted its position in Commercial Metals by 1.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 9,879,738 shares of the basic materials company’s stock worth $168,745,000 after acquiring an additional 100,388 shares during the period. Northern Trust Corp lifted its position in Commercial Metals by 0.8% during the 1st quarter. Northern Trust Corp now owns 2,865,535 shares of the basic materials company’s stock worth $48,942,000 after acquiring an additional 22,600 shares during the period. Deprince Race & Zollo Inc. lifted its position in Commercial Metals by 40.9% during the 1st quarter. Deprince Race & Zollo Inc. now owns 2,544,127 shares of the basic materials company’s stock worth $43,454,000 after acquiring an additional 738,399 shares during the period. Finally, Wellington Management Group LLP lifted its position in Commercial Metals by 3.5% during the 1st quarter. Wellington Management Group LLP now owns 2,445,046 shares of the basic materials company’s stock worth $41,763,000 after acquiring an additional 83,365 shares during the period. 90.64% of the stock is owned by institutional investors.

Shares of NYSE:CMC traded down $0.08 on Friday, reaching $15.12. The company had a trading volume of 1,133,932 shares, compared to its average volume of 1,449,833. Commercial Metals has a 52-week low of $13.27 and a 52-week high of $24.14. The company has a market capitalization of $1.75 billion, a PE ratio of 10.15, a P/E/G ratio of 4.91 and a beta of 1.47. The company has a current ratio of 2.75, a quick ratio of 1.60 and a debt-to-equity ratio of 0.87.

Commercial Metals (NYSE:CMC) last announced its earnings results on Thursday, March 21st. The basic materials company reported $0.29 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.04. Commercial Metals had a return on equity of 12.49% and a net margin of 2.41%. The firm had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.46 billion. During the same period in the previous year, the business earned $0.26 EPS. The firm’s revenue for the quarter was up 33.1% on a year-over-year basis. Research analysts predict that Commercial Metals will post 2.02 EPS for the current year.

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 four segments: Americas Recycling, Americas Mills, Americas Fabrication, and International Mill. The Americas Recycling segment processes and sells scrap metals to steel mills and foundries, aluminum sheet and ingot manufacturers, brass and bronze ingot makers, copper refineries and mills, secondary lead smelters, specialty steel mills, high temperature alloy manufacturers, and other consumers.

See Also: Net Margin

Analyst Recommendations for Commercial Metals (NYSE:CMC)

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