Commercial Metals Company (NYSE:CMC) has been given a consensus rating of “Hold” by the eleven brokerages that are currently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $22.17.

A number of analysts have recently weighed in on CMC shares. Deutsche Bank AG cut their price target on shares of Commercial Metals Company to $26.00 and set a “buy” rating for the company in a report on Tuesday, March 21st. Jefferies Group LLC reaffirmed a “hold” rating and set a $19.00 price target on shares of Commercial Metals Company in a report on Wednesday, June 28th. Zacks Investment Research downgraded shares of Commercial Metals Company from a “hold” rating to a “sell” rating in a report on Tuesday, June 20th. Credit Suisse Group raised shares of Commercial Metals Company from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $19.00 to $24.00 in a report on Tuesday, March 28th. Finally, Bank of America Corporation reaffirmed a “neutral” rating and set a $20.00 price target (up previously from $19.00) on shares of Commercial Metals Company in a report on Sunday, June 25th.

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Institutional investors have recently modified their holdings of the stock. BlackRock Inc. increased its position in shares of Commercial Metals Company by 17,672.9% in the first quarter. BlackRock Inc. now owns 14,566,855 shares of the basic materials company’s stock valued at $278,663,000 after buying an additional 14,484,894 shares during the last quarter. State Street Corp increased its position in shares of Commercial Metals Company by 8.9% in the first quarter. State Street Corp now owns 6,115,380 shares of the basic materials company’s stock valued at $116,984,000 after buying an additional 497,543 shares during the last quarter. Goldman Sachs Group Inc. increased its position in shares of Commercial Metals Company by 43.2% in the first quarter. Goldman Sachs Group Inc. now owns 3,986,048 shares of the basic materials company’s stock valued at $76,253,000 after buying an additional 1,201,973 shares during the last quarter. Systematic Financial Management LP increased its position in shares of Commercial Metals Company by 2,256.4% in the first quarter. Systematic Financial Management LP now owns 1,810,577 shares of the basic materials company’s stock valued at $34,636,000 after buying an additional 1,733,742 shares during the last quarter. Finally, Norges Bank bought a new position in shares of Commercial Metals Company during the fourth quarter valued at approximately $38,100,000. 89.75% of the stock is owned by institutional investors and hedge funds.

Shares of Commercial Metals Company (NYSE:CMC) opened at 19.50 on Friday. The firm has a market cap of $2.26 billion, a price-to-earnings ratio of 30.14 and a beta of 1.23. Commercial Metals Company has a 12-month low of $14.58 and a 12-month high of $24.64. The stock’s 50 day moving average is $18.57 and its 200 day moving average is $19.82. Commercial Metals Company also saw unusually large options trading activity on Wednesday. Stock investors acquired 10,197 call options on the company. This is an increase of approximately 670% compared to the average daily volume of 1,325 call options.

Commercial Metals Company (NYSE:CMC) last issued its quarterly earnings results on Thursday, June 22nd. The basic materials company reported $0.34 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.11. Commercial Metals Company had a net margin of 1.57% and a return on equity of 7.84%. The company had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter in the prior year, the firm posted $0.31 EPS. The firm’s quarterly revenue was up 12.6% on a year-over-year basis. Equities analysts expect that Commercial Metals Company will post $0.93 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 20th. Investors of record on Thursday, July 6th will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 2.46%. The ex-dividend date is Monday, July 3rd. Commercial Metals Company’s payout ratio is 73.85%.

About Commercial Metals Company

Commercial Metals Company, together with its subsidiaries, manufactures, recycles and markets steel and metal products, related materials and services through a network. The Company’s Americas Recycling segment processes scrap metals for use as a raw material by manufacturers of new metal products. The Americas Mills segment consists of steel mills, commonly referred to as minimills that produce reinforcing bar (rebar), angles, flats and rounds.

Analyst Recommendations for Commercial Metals Company (NYSE:CMC)

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