Somewhat Positive News Coverage Somewhat Unlikely to Impact Commercial Metals (CMC) Stock Price
Media coverage about Commercial Metals (NYSE:CMC) has trended somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies positive and negative media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Commercial Metals earned a news impact score of 0.14 on Accern’s scale. Accern also assigned press coverage about the basic materials company an impact score of 46.7001709009714 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the news stories that may have impacted Accern’s scoring:
- Commercial Metals (CMC) Releases Quarterly Earnings Results, Beats Estimates By $0.12 EPS (americanbankingnews.com)
- CMC to acquire certain US rebar assets from Gerdau (steelguru.com)
- Commercial Metals Shares Rise on Earnings Growth (foxbusiness.com)
- Stocks Showing Improved Relative Strength: Commercial Metals (finance.yahoo.com)
- Gerdau Trade Inc. — Moody’s comments that Gerdau’s asset sale in the United States is credit positive (finance.yahoo.com)
Commercial Metals (CMC) opened at $24.30 on Thursday. The company has a current ratio of 2.82, a quick ratio of 1.81 and a debt-to-equity ratio of 0.58. The stock has a market capitalization of $2,830.00, a PE ratio of 90.00 and a beta of 1.26. Commercial Metals has a fifty-two week low of $17.05 and a fifty-two week high of $25.18.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Tuesday, January 16th will be paid a $0.12 dividend. The ex-dividend date is Friday, January 12th. This represents a $0.48 dividend on an annualized basis and a yield of 1.98%. Commercial Metals’s dividend payout ratio is 177.78%.
Several equities analysts have recently issued reports on CMC shares. Zacks Investment Research lowered Commercial Metals from a “hold” rating to a “sell” rating in a research note on Thursday, December 28th. Jefferies Group raised Commercial Metals from a “hold” rating to a “buy” rating in a research note on Tuesday, October 17th. Bank of America raised Commercial Metals from a “neutral” rating to a “buy” rating and increased their target price for the company from $21.00 to $24.00 in a research note on Thursday, December 7th. Macquarie assumed coverage on Commercial Metals in a research note on Wednesday, September 6th. They issued an “underperform” rating and a $16.00 target price on the stock. Finally, Citigroup cut their target price on Commercial Metals from $22.00 to $21.00 and set a “buy” rating on the stock in a research note on Friday, September 15th. Four research analysts have rated the stock with a sell rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $21.88.
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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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