Commercial Metals Company (NYSE:CMC) : 1 brokerage houses believe that Commercial Metals Company (NYSE:CMC) is a Strong Buy at current levels. 4 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Commercial Metals Company (NYSE:CMC). Zacks Investment Research suggests a Hold with a rank of 3. 1 analysts perceive the stock to be overvalued at the existing levels, hence their call is to Sell the stock. 1 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 7 Wall Street Analysts endorse the stock as a Hold with a rating of 3.14.
Commercial Metals Company (NYSE:CMC) has been rated by 7 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $20 and the lowest price target forecast is $14. The average forecast of all the analysts is $16.93 and the expected standard deviation is $2.17.
Company shares have received an average consensus rating of Hold for the current week Also, Bank of America downgrades its view on Commercial Metals Company (NYSE:CMC) according to the research report released by the firm to its investors. The shares have now been rated Underperform by the stock experts at the ratings house. Earlier, the shares had a rating of Neutral. The rating by the firm was issued on June 2, 2016.
Commercial Metals Company (NYSE:CMC): stock turned positive on Tuesday. Though the stock opened at $15.93, the bulls momentum made the stock top out at $16.245 level for the day. The stock recorded a low of $15.9 and closed the trading day at $16.14, in the green by 2.74%. The total traded volume for the day was 2,373,274. The stock had closed at $15.71 in the previous days trading.
In an insider trading activity,The officer (VICE PRESIDENT & CONTROLLER) of Commercial Metals Co, Hickey Adam R sold 5,000 shares at $17 on May 13, 2016. The Insider selling transaction had a total value worth of $85,000. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
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.