Price Target Update on Commercial Metals Company (NYSE:CMC)

Commercial Metals Company (NYSE:CMC) : Average target price received by Commercial Metals Company (NYSE:CMC) is $17.36 with an expected standard deviation of $1.75. The most aggressive target on the stock is $20, whereas the most downbeat target is $15. 7 financial analysts are currently covering the stock.

Other Equity analysts have also commented on the company shares. Major Brokerage house, Bank of America downgrades its ratings on Commercial Metals Company (NYSE:CMC). According to the latest information available, the shares are now rated Underperform by the analysts at the agency. Previously, the analysts had a Neutral rating on the shares. The rating by the firm was issued on June 2, 2016.

Commercial Metals Company (NYSE:CMC): On Thursdays trading session , Opening price of the stock was $17.16 with an intraday high of $17.18. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $15.94. However, the stock managed to close at $16.55, a loss of 1.49% for the day. On the previous day, the stock had closed at $16.8. The total traded volume of the day was 4,516,853 shares.

The company shares have rallied 0.24% from its 1 Year high price. On Apr 21, 2016, the shares registered one year high at $18.50 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $17.18 and the 200 Day Moving Average price is recorded at $15.71. On the companys insider trading activities, The Securities and Exchange Commission has divulged that Hickey Adam R, officer (VICE PRESIDENT & CONTROLLER) of Commercial Metals Co, had unloaded 5,000 shares at an average price of $17 in a transaction dated on May 13, 2016. The total value of the transaction was worth $85,000.

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. The Americas Recycling segment processes scrap metals. The Americas Mills segment includes five steel minimills; two scrap metal shredders, and 10 scrap metal processing facilities. The Americas Fabrication segment consists of CMCs steel fabrication facilities. The International Mill segment comprises CMCs mill, recycling and fabrication operations located in Poland. International Marketing and Distribution segment includes international operations for the sales, distribution and processing of steel products, ferrous and nonferrous metals, and other industrial products.

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