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 3.14 by 7 Brokerage Firm. 1 Wall Street Firms have rated the stock as a strong buys. 4 Brokerage Firms have advised hold. 1 Analysts have rated it as strong sell. A sell rating was given by 1 analyst.
Other Equity analysts have also commented on the company shares. Major Brokerage house, Bank of America downgrades its ratings on Commercial Metals Company (NYSE:CMC). According to the latest information available, the shares are now rated Underperform by the analysts at the agency. Previously, the analysts had a Neutral rating on the shares. The rating by the firm was issued on June 2, 2016.
Commercial Metals Company (NYSE:CMC): The stock price is expected to reach $ 17.36 in the short term. The number of analysts agreeing with this consensus is 7. The higher estimate for the short term price target is at $20 while the lower estimate is at $15. The standard deviation of the price stands at $1.75.
Commercial Metals Company (NYSE:CMC) witnessed a decline in the market cap on Tuesday as its shares dropped 3.43% or 0.6 points. After the session commenced at $17.5, the stock reached the higher end at $17.5 while it hit a low of $16.86. With the volume soaring to 1,677,368 shares, the last trade was called at $16.91. The company has a 52-week high of $18.5. The company has a market cap of $1,937 million and there are 114,544,724 shares in outstanding. The 52-week low of the share price is $12.44.
Commercial Metals Company has dropped 1.63% in the last five trading days, however, the shares have posted positive gains of 2.48% in the last 4 weeks. Commercial Metals Company is up 1.97% in the last 3-month period. Year-to-Date the stock performance stands at 25.54%.
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.