Commercial Metals Company (CMC) : The consensus on Commercial Metals Company (CMC) based on 7 analyst recommendation on the company stock is 3.43, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 1 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 3 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 2 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock. 1 analyst also believes that the downside risk to the stock is higher and suggests a Sell on Commercial Metals Company (CMC).
Commercial Metals Company (CMC) : The consensus price target for Commercial Metals Company (CMC) is $16.93 for the short term with a standard deviation of $2.17. The most optimist securities analyst among the 7 who monitor the stock believes that the stock can reach $20, however, the pessimist price target for the company is $14.
Company shares have received an average consensus rating of Hold for the current week
Commercial Metals Company (NYSE:CMC): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $17.49 and $17.39 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $17.83. The buying momentum continued till the end and the stock did not give up its gains. It closed at $17.63, notching a gain of 1.61% for the day. The total traded volume was 1,519,439 . The stock had closed at $17.35 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.