Commercial Metals Company (CMC) Receives Price Target

Commercial Metals Company (CMC) : Average target price received by Commercial Metals Company (CMC) is $16.42 with an expected standard deviation of $1.86. The most aggressive target on the stock is $19, whereas the most downbeat target is $14. 6 financial analysts are currently covering the stock.

Commercial Metals Company (CMC) : 7 analysts are covering Commercial Metals Company (CMC) and their average rating on the stock is 3.43, which is read as a Hold. 1 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 4, which recommends a Sell affirms that they expect a large upside in the stock from the current levels. However, 2 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. 1 more analyst has given the stock a Sell recommendation. A total of 3 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.


Also, Citigroup initiates coverage on Commercial Metals Company (NYSE:CMC) The current rating of the shares is Neutral. Equity Analysts at the Firm announces the price target to $16 per share. The rating by the firm was issued on August 22, 2016.

Commercial Metals Company (NYSE:CMC): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $15.56 and $15.32 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $15.63. The buying momentum continued till the end and the stock did not give up its gains. It closed at $15.59, notching a gain of 0.45% for the day. The total traded volume was 1,172,199 . The stock had closed at $15.52 on the previous day.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *