Commercial Metals (CMC) Getting Somewhat Positive News Coverage, Analysis Finds

News articles about Commercial Metals (NYSE:CMC) have been trending somewhat positive on Sunday, according to Accern Sentiment. The research firm identifies negative and positive news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Commercial Metals earned a news sentiment score of 0.16 on Accern’s scale. Accern also assigned news stories about the basic materials company an impact score of 45.6790032629456 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

Here are some of the media headlines that may have impacted Accern Sentiment’s rankings:

A number of equities analysts have recently weighed in on the company. Citigroup Inc. raised Commercial Metals from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $21.00 to $22.00 in a research note on Tuesday, June 13th. BidaskClub raised Commercial Metals from a “sell” rating to a “hold” rating in a research note on Wednesday, June 14th. Bank of America Corporation lowered Commercial Metals from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $21.00 to $19.00 in a research note on Thursday, June 8th. Zacks Investment Research lowered Commercial Metals from a “hold” rating to a “sell” rating in a research note on Tuesday, June 20th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $19.00 price objective on shares of Commercial Metals in a research note on Wednesday, May 24th. Four equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $21.11.

Commercial Metals (NYSE:CMC) opened at 18.06 on Friday. The company has a market cap of $2.09 billion, a price-to-earnings ratio of 27.91 and a beta of 1.22. Commercial Metals has a 1-year low of $14.99 and a 1-year high of $24.64. The stock has a 50 day moving average price of $18.28 and a 200-day moving average price of $18.75.

Commercial Metals (NYSE:CMC) last posted its earnings results on Thursday, June 22nd. The basic materials company reported $0.34 EPS for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.11. Commercial Metals had a return on equity of 7.84% and a net margin of 1.57%. The firm had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.34 billion. During the same period last year, the firm earned $0.31 EPS. The company’s quarterly revenue was up 12.6% on a year-over-year basis. On average, equities research analysts forecast that Commercial Metals will post $0.89 EPS for the current year.

TRADEMARK VIOLATION NOTICE: “Commercial Metals (CMC) Getting Somewhat Positive News Coverage, Analysis Finds” was originally reported by Transcript Daily and is the property of of Transcript Daily. If you are accessing this news story on another domain, it was copied illegally and republished in violation of United States & international copyright legislation. The original version of this news story can be viewed at https://transcriptdaily.com/2017/09/17/commercial-metals-cmc-getting-somewhat-positive-news-coverage-analysis-finds.html.

About Commercial Metals

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.

Insider Buying and Selling by Quarter for Commercial Metals (NYSE:CMC)

Receive News & Ratings for Commercial Metals Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Commercial Metals Company and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply