Commercial Metals Company (CMC) : 7 analysts are covering Commercial Metals Company (CMC) and their average rating on the stock is 3.43, which is read as a Hold. 1 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. However, 2 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. 1 more analyst has given the stock a Sell recommendation. A total of 3 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Commercial Metals Company (CMC) : The highest level Commercial Metals Company (CMC) is projected to reach is $19 for the short term and the lowest estimate is at $14. The consolidated price target from 6 rating analysts who initiate coverage on the stock is $16.42 and the possibility the share price can swing is $1.86.
Commercial Metals Company has lost 0.25% in the last five trading days and dropped 0.31% in the last 4 weeks. Commercial Metals Company has dropped 5.61% during the last 3-month period . Year-to-Date the stock performance stands at 20.45%. Commercial Metals Company (NYSE:CMC): stock turned positive on Tuesday. Though the stock opened at $16.05, the bulls momentum made the stock top out at $16.34 level for the day. The stock recorded a low of $16.05 and closed the trading day at $16.11, in the green by 0.69%. The total traded volume for the day was 689,926. The stock had closed at $16 in the previous days trading.
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.