Shares of Commercial Metals (NYSE:CMC) have received a consensus recommendation of “Hold” from the nine analysts that are presently covering the company, MarketBeat.com reports. Four analysts have rated the stock with a sell rating and five have issued a buy rating on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $21.57.
Several brokerages recently issued reports on CMC. Zacks Investment Research raised shares of Commercial Metals from a “sell” rating to a “hold” rating and set a $24.00 price objective on the stock in a research note on Tuesday, October 17th. Jefferies Group reduced their price objective on shares of Commercial Metals from $26.00 to $24.00 and set a “buy” rating on the stock in a research note on Monday, October 30th. Finally, Bank of America raised shares of Commercial Metals from a “neutral” rating to a “buy” rating and upped their price objective for the company from $21.00 to $24.00 in a research note on Thursday, December 7th.
In other Commercial Metals news, EVP Tracy L. Porter sold 13,601 shares of the stock in a transaction that occurred on Thursday, January 18th. The shares were sold at an average price of $25.04, for a total transaction of $340,569.04. Following the transaction, the executive vice president now owns 10 shares of the company’s stock, valued at $250.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Tracy L. Porter sold 6,935 shares of the stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $25.14, for a total transaction of $174,345.90. Following the transaction, the executive vice president now directly owns 10 shares in the company, valued at approximately $251.40. The disclosure for this sale can be found here. Company insiders own 1.50% of the company’s stock.
Shares of Commercial Metals (NYSE:CMC) opened at $25.02 on Tuesday. The company has a market cap of $2,894.80, a P/E ratio of 37.91 and a beta of 1.26. Commercial Metals has a 1 year low of $17.05 and a 1 year high of $25.90. The company has a debt-to-equity ratio of 0.56, a current ratio of 3.20 and a quick ratio of 2.07.
Commercial Metals (NYSE:CMC) last announced its quarterly earnings data on Thursday, October 26th. The basic materials company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.13). Commercial Metals had a net margin of 1.53% and a return on equity of 8.08%. sell-side analysts predict that Commercial Metals will post 1.42 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Investors of record on Tuesday, January 16th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.92%. The ex-dividend date is Friday, January 12th. Commercial Metals’s payout ratio is 72.73%.
Commercial Metals Company Profile
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.
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