Commercial Metals Company (NYSE:CMC) has been assigned an average recommendation of “Hold” from the eleven analysts that are currently covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $22.17.

A number of equities analysts recently commented on the company. Jefferies Group LLC reissued a “hold” rating and set a $19.00 price target on shares of Commercial Metals in a research note on Wednesday, June 28th. Zacks Investment Research lowered Commercial Metals from a “hold” rating to a “sell” rating in a research note on Tuesday, June 20th. Bank of America Corporation reissued a “neutral” rating and set a $20.00 price target (up from $19.00) on shares of Commercial Metals in a research note on Sunday, June 25th. BidaskClub lowered Commercial Metals from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Finally, Citigroup Inc. raised Commercial Metals from a “neutral” rating to a “buy” rating and increased their price target for the company from $21.00 to $22.00 in a research note on Tuesday, June 13th.

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Shares of Commercial Metals (CMC) traded up 1.73% during mid-day trading on Friday, hitting $18.83. The stock had a trading volume of 1,962,878 shares. The company has a market cap of $2.18 billion, a PE ratio of 29.10 and a beta of 1.22. Commercial Metals has a 12 month low of $14.57 and a 12 month high of $24.64. The stock’s 50-day moving average is $19.38 and its 200 day moving average is $19.40.

Commercial Metals (NYSE:CMC) last released its quarterly earnings data on Thursday, June 22nd. The basic materials company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.11. The firm had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.34 billion. Commercial Metals had a return on equity of 7.84% and a net margin of 1.57%. The business’s quarterly revenue was up 12.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.31 earnings per share. On average, equities research analysts forecast that Commercial Metals will post $0.93 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 20th. Stockholders of record on Thursday, July 6th were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 2.55%. The ex-dividend date of this dividend was Monday, July 3rd. Commercial Metals’s payout ratio is 73.85%.

Large investors have recently bought and sold shares of the stock. Capstone Asset Management Co. raised its stake in Commercial Metals by 0.5% in the second quarter. Capstone Asset Management Co. now owns 14,112 shares of the basic materials company’s stock valued at $274,000 after buying an additional 70 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in Commercial Metals by 0.9% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 17,106 shares of the basic materials company’s stock valued at $373,000 after buying an additional 151 shares during the last quarter. First Midwest Bank Trust Division raised its stake in Commercial Metals by 2.0% in the second quarter. First Midwest Bank Trust Division now owns 20,152 shares of the basic materials company’s stock valued at $392,000 after buying an additional 401 shares during the last quarter. Advantus Capital Management Inc raised its stake in Commercial Metals by 3.0% in the first quarter. Advantus Capital Management Inc now owns 14,796 shares of the basic materials company’s stock valued at $283,000 after buying an additional 436 shares during the last quarter. Finally, Louisiana State Employees Retirement System raised its stake in Commercial Metals by 2.1% in the first quarter. Louisiana State Employees Retirement System now owns 29,200 shares of the basic materials company’s stock valued at $559,000 after buying an additional 600 shares during the last quarter. 88.98% of the stock is owned by institutional investors and hedge funds.

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.

Analyst Recommendations for Commercial Metals (NYSE:CMC)

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