Worth Watching Stock: Commercial Metals Company (NYSE:CMC)

Postado Julho 17, 2017

Stock market analysts watching Commercial Metals Company (NYSE:CMC) have recently changed their ratings on the stock. Similar statistics are true for the second largest owner, Vanguard Group Inc, which owns 12,572,181 shares of the stock are valued at $254.71 million.

CMC's fiscal year ends Aug 31, 2016 and the most recent quarter started on May 31, 2017. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company's stock. Meadow Creek Investment Management LLC increased its stake in shares of Commercial Metals Company by 13.6% in the first quarter. Advantus Capital Management Inc boosted its stake in Commercial Metals Company by 3.0% in the first quarter. Parametric Portfolio Associates LLC now owns 830,263 shares of the basic materials company's stock valued at $15,883,000 after buying an additional 187,949 shares during the last quarter. Elkfork Partners LLC increased its stake in shares of Commercial Metals Company by 13.6% in the first quarter. Point72 Asia Hong Kong Ltd now owns 6,591 shares of the basic materials company's stock valued at $126,000 after buying an additional 5,182 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Commercial Metals Company by 67.2% in the first quarter. Institutional investors own 89.73% of the company's stock.

By historical standards, Commercial Metals Company (NYSE:CMC) remains a cheap stock. 1,489,574 shares of the company's stock were exchanged. Latest closing price was 8.34% above its 50-day moving average and 4.09% above its 200-day moving average. The stock's market capitalization is 2.31B, it has a 52-week low of 14.57 and a 52-week high of 24.64.

Commercial Metals Company (NYSE:CMC) had an increase of 9.46% in short interest. After $1.52 actual earnings per share reported by PS Business Parks Inc for the previous quarter, Wall Street now forecasts -1.97% negative EPS growth.

Several analysts have released ratings on Commercial Metals Company recently.

5 number of analysts have estimated the sales of the company for the quarter, analysts estimated mean sale target of 1255.51 million while high and low sale targets are estimated at 1385 million and 973.62 million respectively. During the same period a year ago, the firm earned $0.31 EPS.

Commercial Metals Company, together with its subsidiaries, manufactures, recycles and markets steel and metal products, related materials and services through a network. Analysts expect that Commercial Metals Company will post $0.93 earnings per share for the current year. Investors of record on Thursday, July 6th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 2.44%. The ex-dividend date is Monday, July 3rd. $43,472 worth of Commercial Metals Company (NYSE:CMC) was sold by HICKEY ADAM R.

ILLEGAL ACTIVITY NOTICE: This report was posted by Transcript Daily and is the property of of Transcript Daily. If you are accessing this report on another website, it was copied illegally and republished in violation of US and global copyright and trademark law. The original version of this report can be viewed at https://transcriptdaily.com/2017/07/16/prudential-financial-inc-cuts-position-in-commercial-metals-company-nysecmc-updated.html. Deutsche Bank AG reduced their price objective on Commercial Metals Company to $26.00 and set a buy rating for the company in a research note on Tuesday, March 21st. Jefferies Group LLC reiterated a "hold" rating and set a $19.00 price target (down from $20.00) on shares of Commercial Metals Company in a report on Wednesday, April 19th. Finally, Bank of America Corporation restated a neutral rating and issued a $20.00 price objective (up from $19.00) on shares of Commercial Metals Company in a research report on Sunday, June 25th. Liberty Mutual Group Asset Management Inc.'s holdings in Commercial Metals Company were worth $1,004,000 as of its most recent SEC filing. The Company's Americas Recycling segment processes scrap metals for use as a raw material by manufacturers of new metal products.