Commercial Metals Company (NYSE:CMC) Given Consensus Rating of "Hold" by Analysts

Key Points

• Commercial Metals Company (NYSE:CMC) currently holds an average analyst rating of "Hold", with six analysts recommending hold and five recommending buy.
• The stock has seen an average price target of $60.39 from analysts over the past year, reflecting varying views among financial institutions.
• Recent price modifications include an upgrade by Bank of America, raising the target from $60.00 to $70.00, indicating positive sentiment from certain analysts.

Shares of Commercial Metals Company (NYSE:CMC - Get Free Report) have been given an average rating of "Hold" by the eleven ratings firms that are covering the firm, Marketbeat.com reports. Six research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $60.3889.

CMC has been the subject of several research reports. Wall Street Zen lowered shares of Commercial Metals from a "buy" rating to a "hold" rating in a research report on Saturday. JPMorgan Chase & Co. upped their target price on shares of Commercial Metals from $52.00 to $54.00 and gave the stock a "neutral" rating in a research report on Monday, July 14th. Wells Fargo & Company upped their price objective on shares of Commercial Metals from $61.00 to $64.00 and gave the company an "overweight" rating in a research note on Friday, September 19th. Bank of America raised their price objective on shares of Commercial Metals from $60.00 to $70.00 and gave the stock a "buy" rating in a report on Monday, September 15th. Finally, Wolfe Research upgraded shares of Commercial Metals from a "peer perform" rating to an "outperform" rating in a report on Friday, June 20th.

Commercial Metals Stock Down 0.9%

Shares of NYSE:CMC opened at $58.05 on Wednesday. Commercial Metals has a 52-week low of $37.92 and a 52-week high of $64.53. The firm has a fifty day moving average of $56.83 and a 200 day moving average of $50.83. The firm has a market capitalization of $6.50 billion, a PE ratio of 187.24, a price-to-earnings-growth ratio of 2.05 and a beta of 1.32. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.00 and a current ratio of 2.86.

Institutional Trading of Commercial Metals

A number of large investors have recently made changes to their positions in the business. Captrust Financial Advisors increased its holdings in shares of Commercial Metals by 4.4% in the 2nd quarter. Captrust Financial Advisors now owns 4,813 shares of the basic materials company's stock worth $235,000 after buying an additional 202 shares during the last quarter. Isthmus Partners LLC grew its holdings in Commercial Metals by 3.2% during the 1st quarter. Isthmus Partners LLC now owns 7,381 shares of the basic materials company's stock valued at $340,000 after purchasing an additional 226 shares during the last quarter. Choreo LLC grew its holdings in Commercial Metals by 2.1% during the 1st quarter. Choreo LLC now owns 11,015 shares of the basic materials company's stock valued at $509,000 after purchasing an additional 228 shares during the last quarter. Paulson Wealth Management Inc. grew its holdings in Commercial Metals by 5.2% during the 2nd quarter. Paulson Wealth Management Inc. now owns 4,674 shares of the basic materials company's stock valued at $229,000 after purchasing an additional 229 shares during the last quarter. Finally, National Bank of Canada FI grew its holdings in Commercial Metals by 80.3% during the 1st quarter. National Bank of Canada FI now owns 548 shares of the basic materials company's stock valued at $25,000 after purchasing an additional 244 shares during the last quarter. 86.90% of the stock is currently owned by institutional investors.

About Commercial Metals

Commercial Metals Company manufactures, recycles, and fabricates steel and metal products, and related materials and services in the United States, Poland, China, and internationally. It operates through two segments, North America and Europe. The company processes and sells ferrous and nonferrous 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.

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