Commercial Metals (NYSE:CMC) is set to release its earnings data before the market opens on Wednesday, January 3rd. Analysts expect Commercial Metals to post earnings of $0.19 per share for the quarter.
Shares of Commercial Metals (NYSE:CMC) opened at $21.32 on Monday. Commercial Metals has a 52 week low of $17.05 and a 52 week high of $23.28. The firm has a market cap of $2,486.57, a P/E ratio of 53.30 and a beta of 1.26. The company has a current ratio of 2.82, a quick ratio of 1.81 and a debt-to-equity ratio of 0.58.
Several brokerages recently weighed in on CMC. Zacks Investment Research downgraded shares of Commercial Metals from a “hold” rating to a “sell” rating in a research note on Thursday. Jefferies Group raised shares of Commercial Metals from a “hold” rating to a “buy” rating in a research note on Tuesday, October 17th. Macquarie began coverage on shares of Commercial Metals in a research note on Wednesday, September 6th. They set an “underperform” rating and a $16.00 target price on the stock. Bank of America raised shares of Commercial Metals from a “neutral” rating to a “buy” rating and upped their target price for the stock from $21.00 to $24.00 in a research note on Thursday, December 7th. Finally, Citigroup cut their target price on shares of Commercial Metals from $22.00 to $21.00 and set a “buy” rating on the stock in a research note on Friday, September 15th. Four research analysts have rated the stock with a sell rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $21.88.
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.
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