Economy

Commercial Metals Company (NYSE:CMC) Valuation According To Analysts

The rating was upgraded by Credit Suisse on Tuesday, March 28 to "Outperform". The company was maintained on Tuesday, March 8 by Numis Securities. The count of Hold ratings in that period was 7.

Among 6 analysts covering SQS Software Quality Systems AG (LON:SQS), 4 have Buy rating, 0 Sell and 2 Hold. On Thursday, May 25 the stock rating was maintained by Jefferies with "Hold". The rating was maintained by RBC Capital Markets with "Outperform" on Monday, November 30.

Bank of America now has a $21 target on shares of Commercial Metals (NYSE:CMC). A stock that maintains a relatively stable price has low volatility.

Commercial Metals (CMC) opened at 19.03 on Tuesday. The stock increased 0.79% or $0.15 on September 1, reaching $19.03.

The average 1-year price target for Commercial Metals Company (CMC) - averaging the work of different analysts - reveals a mean PT of $20.22/share. It has underperformed by 4.22% the S&P500. Its down 0.13, from 1.02 in 2016Q3. Credit Agricole S A invested in 19,839 shares. The target implies a 6.11% spike from where the shares are now trading. 147,302 are owned by Swiss Bankshares. Lombardia Capital Partners Lc reported 0.94% stake. Victory Capital Management holds 426,040 shares. Nikko Asset Mngmt Americas has 323,700 shares. 157 were reported by Gemmer Asset Mngmt Limited Liability. First Manhattan reported 525,355 shares stake. Millennium Mgmt Limited Liability holds 3.16 million shares. 875,335 are owned by Kalmar Invs De. Sit Inv Assoc Inc reported 2,550 shares.

The stock increased 1.44% or $0.34 on September 1, reaching $23.92. About 1.35M shares traded. It has underperformed by 16.70% the S&P500. The Company's imagery solutions and other services support a range of uses, including mission-planning, mapping and analysis, environmental monitoring, gas and oil exploration and infrastructure management.

The P/E ratio is now 29.17 and market cap is 2.18B. The Company's divisions include exploration and production, and midstream. For investors, Forward P/E ratio allows a quick snapshot of the company's finances without getting bogged down in the details of an accounting report. Activities are primarily concerned with metals related activities.

Investors sentiment decreased to 0.98 in 2016 Q4. 39 funds opened positions while 63 raised stakes.

SRPT's price to sales ratio for trailing twelve months is 45.35 and price to book ratio for most recent quarter is 5.98, whereas price to cash per share for the most recent quarter is 8.56. Strs Ohio stated it has 38,900 shares.

Commercial Metals Company (NYSE:CMC) has a beta of 1.21, compared to a beta of 1 for the market, which implies that the stock's price movements are more extreme than the market as a whole. 209,500 were reported by Axa. Acadian Asset Management Ltd holds 0.17% or 1.60M shares. State Bank Of Nova Scotia holds 56,400 shares.

News stories about Commercial Metals (NYSE:CMC) have been trending somewhat positive on Tuesday, Accern Sentiment Analysis reports. Commercial Metals Company (NYSE:CMC) has risen 10.79% since September 6, 2016 and is uptrending. It turned negative, as 31 investors sold Commercial Metals Company shares while 84 reduced holdings. Whittier Trust has invested 0% in Commercial Metals Company (NYSE:CMC). Capstone Asset has 13,602 shares. Alliancebernstein Lp has 0.01% invested in Commercial Metals Company (NYSE:CMC) for 459,595 shares.

In case of Revenue Estimates, 5 analysts have provided their consensus Average Revenue Estimates for Commercial Metals Company as 1.22 Billion. Therefore 50% are positive.

In recent action, Commercial Metals Company (CMC) has made a move of +1.06% over the past month, which has come on weak relative transaction volume.

More important recent Commercial Metals Company (NYSE:CMC) news were published by: Prnewswire.com which released: "Commercial Metals Company Announces Completion of Sale of CMC Cometals Division" on August 31, 2017, also Nasdaq.com published article titled: "Commercial Metals Company Closes Sale of CMC Cometals Unit", Nasdaq.com published: "Zacks Industry Outlook Highlights: Nucor, Commercial Metals, United States ..." on August 31, 2017. The firm has "Neutral" rating given on Monday, October 31 by Macquarie Research. Jefferies downgraded the stock to "Hold" rating in Monday, March 21 report. Citigroup initiated Commercial Metals Company (NYSE:CMC) rating on Monday, August 22. The rating was upgraded by Citigroup to "Buy" on Wednesday, November 9.



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