Commercial Metals (CMC) Receives Daily Media Impact Rating of 0.04
News coverage about Commercial Metals (NYSE:CMC) has been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm identifies positive and negative press coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Commercial Metals earned a daily sentiment score of 0.04 on Accern’s scale. Accern also gave press coverage about the basic materials company an impact score of 47.3655891910463 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the news stories that may have impacted Accern Sentiment’s analysis:
- Average True Range (ATR) under Consideration – Commercial Metals Company, (NYSE: CMC) – Stock Watch (stocksnewstimes.com)
- Understanding Basic Stock Data: Commercial Metals Company (CMC) – Market Movers (financialqz.com)
- Carpenter Technology Corporation (CRS) vs. Commercial Metals (CMC) Financial Survey (americanbankingnews.com)
- Commercial Metals Company (CMC) Expected to Announce Quarterly Sales of $1.17 Billion (americanbankingnews.com)
- Commercial Metals Company : Announces First Quarter Fiscal 2018 Conference Call Webcast Details (4-traders.com)
Shares of Commercial Metals (CMC) traded down $0.08 during trading hours on Thursday, reaching $18.11. The company’s stock had a trading volume of 1,573,018 shares, compared to its average volume of 2,086,989. The company has a market cap of $2,094.39, a P/E ratio of 23.79, a PEG ratio of 0.67 and a beta of 1.26. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.82 and a quick ratio of 1.81. Commercial Metals has a 52-week low of $17.05 and a 52-week high of $24.64.
CMC has been the subject of several recent research reports. Citigroup Inc. decreased their price target on Commercial Metals from $22.00 to $21.00 and set a “buy” rating for the company in a report on Friday, September 15th. Bank of America Corporation reiterated a “neutral” rating and set a $21.00 price target (up previously from $20.00) on shares of Commercial Metals in a report on Tuesday, September 5th. Zacks Investment Research downgraded Commercial Metals from a “buy” rating to a “hold” rating in a report on Friday, October 27th. Macquarie initiated coverage on Commercial Metals in a report on Wednesday, September 6th. They set an “underperform” rating and a $16.00 price target for the company. Finally, Jefferies Group LLC upgraded Commercial Metals from a “hold” rating to a “buy” rating in a report on Tuesday, October 17th. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $21.50.
COPYRIGHT VIOLATION WARNING: This piece was reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this piece on another domain, it was illegally copied and republished in violation of US and international copyright and trademark legislation. The correct version of this piece can be read at https://www.thecerbatgem.com/2017/11/16/commercial-metals-cmc-receives-daily-media-impact-rating-of-0-04.html.
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.
Receive News & Stock 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 stocks with our FREE daily email newsletter.