Impact of Brokerage Rating on Commercial Metals Company(CMC)

Many Commercial Metals Company(CMC) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. Commercial Metals Company was Downgraded by Citigroup to Neutral on Jan 19, 2017. Commercial Metals Company was Downgraded by Jefferies to Hold on Dec 12, 2016.

Company has reported several Insider transactions to the SEC, on Jan 27, 2017, Adam R Hickey (VP & Chief Accounting Officer) sold 2,085 shares at 20.85 per share price.On Nov 14, 2016, Adam B. Batchelor (VICE PRESIDENT OF STRATEG) sold 5,372 shares at 20.37 per share price.On Nov 14, 2016, Terry P. Hatten (VP & CHIEF HUMAN RESOURCE) sold 4,313 shares at 20.00 per share price.

Commercial Metals Company Last issued its quarterly earnings results on Jan 9, 2017. The company reported $0.05 EPS for the quarter, missing the analyst consensus estimate by $ -0.11. Analyst had a consensus of $0.16. The company had revenue of $1075.00 million for the quarter, compared to analysts expectations of $1103.33 million. The companys revenue was down -6.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.22 EPS.

Commercial Metals Company (NYSE:CMC) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 2.78 by 9 Brokerage Firm. 2 Wall Street Firms have rated the stock as a strong buys. 6 Brokerage Firms have advised hold. 1 Analysts have rated it as strong sell.

Commercial Metals Company (NYSE:CMC): The mean short term price target for Commercial Metals Company (NYSE:CMC) has been established at $20.71 per share. The higher price target estimate is at $27 and the lower price target estimate is expected at $15 according to 7 Analyst. The stock price is expected to vary based on the estimate which is suggested by the standard deviation value of $4.31

Commercial Metals Company (NYSE:CMC) witnessed a decline in the market cap on Tuesday as its shares dropped 0.72% or 0.16 points. After the session commenced at $22.25, the stock reached the higher end at $22.25 while it hit a low of $21.81. With the volume soaring to 1,561,610 shares, the last trade was called at $22.2. The company has a 52-week high of $24.64. The company has a market cap of $2,566 million and there are 115,566,107 shares in outstanding. The 52-week low of the share price is $13.515.

Commercial Metals Company has three segments – manufacturing, recycling, and marketing and trading. Activities are primarily concerned with metals related activities. The manufacturing segment is the dominant and most rapidly expanding segment in terms of assets employed, capital expenditures, operating profit and number of employees. The recycling segment is engaged in processing secondary, or scrap, metals for further recycling into new metal products. The marketing and trading segment buys and sells primary and secondary metals, and fabricated metals.


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