Analyst Price Target Update on Commercial Metals Company (NYSE:CMC)

Commercial Metals Company (NYSE:CMC): The mean estimate for the short term price target for Commercial Metals Company (NYSE:CMC) stands at $17.36 according to 7 Analysts. The higher price target estimate for the stock has been calculated at $20 while the lower price target estimate is at $15.

Many analysts have stated their opinion on the company shares. Bank of America downgrades their rating on the shares of Commercial Metals Company (NYSE:CMC). The current rating of the shares is Underperform. Earlier, the shares were rated a Neutral by the brokerage firm. The rating by the firm was issued on June 2, 2016. Company shares have received an average consensus rating of Hold for the current week

On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (VICE PRESIDENT & CONTROLLER) of Commercial Metals Co, Hickey Adam R had sold 5,000 shares worth of $85,000 in a transaction dated May 13, 2016. In this transaction, 5,000 shares were sold at $17 per share.

Commercial Metals Company (NYSE:CMC) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.12 points or 0.69% at $17.36 with 1,129,921 shares getting traded. Post opening the session at $17.42, the shares hit an intraday low of $17.32 and an intraday high of $17.62 and the price was in this range throughout the day. The company has a market cap of $1,988 million and the number of outstanding shares have been calculated to be 114,544,724 shares. The 52-week high of Commercial Metals Company (NYSE:CMC) is $18.5 and the 52-week low is $12.44.

Commercial Metals Company (CMC) manufactures, recycles and markets steel and metal products, related materials and services. CMC has a network of steel mills (minimills), steel fabrication and processing facilities, warehouses, metal recycling facilities. It has five business segments: Americas Recycling, Americas Mills, Americas Fabrication, International Mill, and International Marketing and Distribution. The Americas Recycling segment processes scrap metals. The Americas Mills segment includes five steel minimills; two scrap metal shredders, and 10 scrap metal processing facilities. The Americas Fabrication segment consists of CMCs steel fabrication facilities. The International Mill segment comprises CMCs mill, recycling and fabrication operations located in Poland. International Marketing and Distribution segment includes international operations for the sales, distribution and processing of steel products, ferrous and nonferrous metals, and other industrial products.

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