Commercial Metals Co. (NYSE:CMC) has received an average recommendation of “Hold” from the nine analysts that are presently covering the stock. Two investment analysts have rated the stock with a sell recommendation, six have given a hold recommendation and one has given a buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $16.30.

Several equities analysts have recently weighed in on CMC shares. Bank of America Corp. downgraded Commercial Metals to a “neutral” rating in a research report on Wednesday, July 20th. Zacks Investment Research downgraded Commercial Metals from a “hold” rating to a “sell” rating in a research report on Wednesday, August 31st. Jefferies Group reiterated a “hold” rating and set a $16.50 price objective on shares of Commercial Metals in a research report on Friday, September 16th. Citigroup Inc. initiated coverage on Commercial Metals in a research report on Monday, August 22nd. They set a “neutral” rating and a $16.00 price objective on the stock. Finally, Clarkson Capital downgraded Commercial Metals from a “neutral” rating to a “sell” rating in a research report on Monday, June 27th.

Commercial Metals (NYSE:CMC) traded down 2.60% during midday trading on Thursday, reaching $15.36. The company had a trading volume of 477,754 shares. Commercial Metals has a 1-year low of $12.44 and a 1-year high of $18.50. The firm has a 50-day moving average of $15.71 and a 200 day moving average of $16.68. The company has a market capitalization of $1.76 billion, a P/E ratio of 13.95 and a beta of 1.48.

Large investors have recently bought and sold shares of the company. Thrivent Financial for Lutherans boosted its stake in Commercial Metals by 3.1% in the second quarter. Thrivent Financial for Lutherans now owns 16,020 shares of the company’s stock valued at $271,000 after buying an additional 480 shares during the period. Ameritas Investment Partners Inc. boosted its stake in Commercial Metals by 2.6% in the second quarter. Ameritas Investment Partners Inc. now owns 27,042 shares of the company’s stock valued at $457,000 after buying an additional 674 shares during the period. UBS Asset Management Americas Inc. boosted its stake in Commercial Metals by 0.8% in the second quarter. UBS Asset Management Americas Inc. now owns 105,423 shares of the company’s stock valued at $1,782,000 after buying an additional 797 shares during the period. Oregon Public Employees Retirement Fund boosted its stake in Commercial Metals by 1.4% in the second quarter. Oregon Public Employees Retirement Fund now owns 66,192 shares of the company’s stock valued at $1,119,000 after buying an additional 942 shares during the period. Finally, Prudential Financial Inc. boosted its stake in Commercial Metals by 0.8% in the first quarter. Prudential Financial Inc. now owns 122,432 shares of the company’s stock valued at $2,078,000 after buying an additional 1,000 shares during the period. 93.27% of the stock is owned by institutional investors.

Commercial Metals Company Profile

Commercial Metals Company (CMC) manufactures, recycles and markets steel and metal products, related materials and services. CMC has a network of steel mills (minimills), steel fabrication and processing facilities, warehouses, metal recycling facilities. It has five business segments: Americas Recycling, Americas Mills, Americas Fabrication, International Mill, and International Marketing and Distribution.

5 Day Chart for NYSE:CMC

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