Commercial Metals Company (NYSE:CMC) Receives Average Recommendation of "Hold" from Analysts

Shares of Commercial Metals Company (NYSE:CMC - Get Free Report) have earned an average rating of "Hold" from the eight brokerages that are covering the stock, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $57.21.

Several research firms have weighed in on CMC. Morgan Stanley set a $57.50 target price on Commercial Metals in a research note on Wednesday. JPMorgan Chase & Co. started coverage on Commercial Metals in a report on Friday, May 30th. They issued a "neutral" rating and a $52.00 price target for the company. Jefferies Financial Group restated a "buy" rating on shares of Commercial Metals in a report on Friday, June 20th. UBS Group restated a "neutral" rating on shares of Commercial Metals in a report on Friday, June 20th. Finally, BMO Capital Markets restated a "market perform" rating and issued a $55.00 price target (down from $57.00) on shares of Commercial Metals in a report on Tuesday, June 24th.

Insider Buying and Selling

In related news, Director John R. Mcpherson purchased 2,475 shares of the firm's stock in a transaction on Friday, April 4th. The stock was purchased at an average cost of $40.42 per share, for a total transaction of $100,039.50. Following the completion of the purchase, the director now directly owns 15,141 shares in the company, valued at $611,999.22. This trade represents a 19.54% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.46% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. National Bank of Canada FI lifted its position in shares of Commercial Metals by 80.3% in the first quarter. National Bank of Canada FI now owns 548 shares of the basic materials company's stock valued at $25,000 after buying an additional 244 shares during the last quarter. Park Square Financial Group LLC acquired a new stake in shares of Commercial Metals in the fourth quarter valued at approximately $33,000. Heck Capital Advisors LLC acquired a new stake in shares of Commercial Metals in the fourth quarter valued at approximately $34,000. UMB Bank n.a. lifted its position in shares of Commercial Metals by 51.9% in the first quarter. UMB Bank n.a. now owns 784 shares of the basic materials company's stock valued at $36,000 after buying an additional 268 shares during the last quarter. Finally, Wayfinding Financial LLC acquired a new stake in shares of Commercial Metals in the first quarter valued at approximately $47,000. 86.90% of the stock is currently owned by institutional investors.

Commercial Metals Trading Up 0.0%

NYSE:CMC opened at $50.09 on Monday. Commercial Metals has a 1-year low of $37.92 and a 1-year high of $64.53. The business's 50-day moving average price is $47.34 and its two-hundred day moving average price is $47.78. The company has a current ratio of 2.86, a quick ratio of 2.00 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $5.61 billion, a price-to-earnings ratio of 161.58, a PEG ratio of 2.06 and a beta of 1.27.

Commercial Metals (NYSE:CMC - Get Free Report) last released its earnings results on Monday, June 23rd. The basic materials company reported $0.74 earnings per share for the quarter, missing the consensus estimate of $0.85 by ($0.11). Commercial Metals had a net margin of 0.48% and a return on equity of 7.45%. The company had revenue of $2.02 billion during the quarter, compared to analyst estimates of $2.04 billion. During the same period in the previous year, the company posted $1.02 EPS. The company's quarterly revenue was down 2.8% compared to the same quarter last year. On average, equities analysts expect that Commercial Metals will post 3.09 earnings per share for the current year.

Commercial Metals Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Monday, June 30th will be issued a dividend of $0.18 per share. The ex-dividend date is Monday, June 30th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.44%. Commercial Metals's payout ratio is presently 232.26%.

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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