Other research analysts have also recently issued reports about the company. Citigroup set a $16.00 price target on Commercial Metals and gave the stock a hold rating in a report on Tuesday, June 11th. TheStreet raised Commercial Metals from a c+ rating to a b rating in a report on Tuesday, July 16th. JPMorgan Chase & Co. set a $22.00 price target on Commercial Metals and gave the stock a buy rating in a report on Monday, September 23rd. Deutsche Bank cut Commercial Metals from a buy rating to a hold rating and set a $18.00 price target on the stock. in a report on Thursday, July 11th. They noted that the move was a valuation call. Finally, Goldman Sachs Group downgraded Commercial Metals from a buy rating to a neutral rating and set a $20.00 price objective on the stock. in a research note on Sunday, September 22nd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus target price of $19.29.
NYSE CMC traded up $0.17 during trading hours on Wednesday, reaching $17.64. The company’s stock had a trading volume of 1,070,199 shares, compared to its average volume of 1,479,143. The firm’s 50-day moving average price is $16.71 and its 200-day moving average price is $16.70. The company has a quick ratio of 1.86, a current ratio of 3.00 and a debt-to-equity ratio of 0.84. Commercial Metals has a 1 year low of $13.27 and a 1 year high of $21.05. The company has a market capitalization of $2.08 billion, a price-to-earnings ratio of 11.84, a PEG ratio of 2.27 and a beta of 1.76.
Commercial Metals Company Profile
Commercial Metals Company manufactures, recycles, and markets steel and metal products, and related materials and services in the United States and internationally. It operates through four segments: Americas Recycling, Americas Mills, Americas Fabrication, and International Mill. The Americas Recycling segment processes and sells scrap metals to steel mills and foundries, aluminum sheet and ingot manufacturers, brass and bronze ingot makers, copper refineries and mills, secondary lead smelters, specialty steel mills, high temperature alloy manufacturers, and other consumers.
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