Opinion

Commercial Metals Company (NYSE:CMC) Assigned A Consensus Hold Rating

Commercial Metals Company (NYSE:CMC) stock is presently standing at about $19.03 and lots of equity research firms seem to have a target price set on the stock. The median one-year price target of 9 analysts covering the company is $21.00, which suggests the stock could still rise over 9 percent. The highest analyst price target is $27.00, which implies a rally of 58 percent. And a quick view of analyst notes show that 1 are rating the stock a buy while 1 rate CMC a strong buy. There are 8 equity research firms advocating a Hold and 1 consider it Sell.

Citigroup analysts provided their view on Commercial Metals Company (NYSE:CMC) recently. The rating firm issued a Neutral rating to this company in a research note released on Jan 19, 2017. Jefferies analysts disclosed their opinion on Commercial Metals Company (NYSE:CMC) recently. The rating firm gave a Hold rating to this stock in a research note published on Dec 12, 2016. According to a research note disclosed on Nov 09, 2016, analysts at Citigroup have upped their rating on these shares from Neutral to Buy.

Commercial Metals Company (NYSE:CMC) Transactions Roundup

Several insiders were part of recent insider activity for the stock. Its VP & Chief Accounting Officer HICKEY ADAM R sold 2,085 company shares for 43470, in a transaction on 2017-01-25. Following the transaction, the VP & Chief Accounting Officer is left with a stake of 51,312 shares, currently valued at $976467. Meanwhile, Director MASSARO ANTHONY A sold 2,421 shares worth $49680, through a transaction dated 2016-11-11. Following the completion of the transaction, the insider is left with a stake of 55,398 shares, amounting $1054223.94. CMC VICE PRESIDENT OF STRATEG BATCHELOR ADAM B. also sold 5,372 shares, at a stock price of $20.37. This transaction occurred on 2016-11-11 totals $109430. After this transaction, the insider’s stake stands at 21,852 shares, with a market value of $415844.

Executives hold 6.08 percent of the stock. Stanley A. Rabin is one of the biggest insider owners in Commercial Metals Company (NYSE:CMC), according to U.S. Securities and Exchange Commission (SEC) filings. The insider owns 1,744,483 shares which have current market value of around $33197511.49.Mr. Joseph Alvarado is another major inside shareholder in the company. The insider owns 733,606 shares as of 0.63%, currently worth $13960522.18. Dorothy G. Owen is ranked as third insider holder of the stock. This insider holds 621,613 shares with a market value around $11829295.39 as of recent close.

Commercial Metals Company (NYSE:CMC) Earnings Outlook

In Commercial Metals Company (NYSE:CMC)’s latest quarter, EPS moved to $0.06 from $0.22 in preceding quarter and revenues reached at $1,075.06M compared to $1,208.58M. Analysts had expected Commercial Metals Company (NYSE:CMC) to post net income of about $0.16 per share on $1,107.14M in revenue. Looking ahead, analysts on average predict that earnings for the current quarter would come in in the range of $0.18 to $0.34. That is compared with the $0.15 in EPS it reported during the same period a year ago.

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