Commercial Metals (NYSE:CMC) Is a Company that Macquarie Seems to Like as Upgrade in Given

May 17, 2018 - By Paula Hilliard

Commercial Metals Company (NYSE:CMC) Logo

Investors sentiment increased to 1.44 in 2017 Q4. Its up 0.46, from 0.98 in 2017Q3. It increased, as 14 investors sold Commercial Metals Company shares while 61 reduced holdings. 41 funds opened positions while 67 raised stakes. 99.73 million shares or 1.00% less from 100.74 million shares in 2017Q3 were reported.

Bluemountain Mgmt Llc holds 41,130 shares or 0.02% of its portfolio. Brinker Cap has 0.03% invested in Commercial Metals Company (NYSE:CMC) for 31,544 shares. Principal Gru Inc reported 0.01% in Commercial Metals Company (NYSE:CMC). Reilly Financial Advsr Ltd Limited Liability Company has 0% invested in Commercial Metals Company (NYSE:CMC) for 20 shares. Whittier owns 2,250 shares. Old Mutual Customised Solutions (Proprietary) Limited accumulated 7,000 shares. Us Savings Bank De holds 0% of its portfolio in Commercial Metals Company (NYSE:CMC) for 6,521 shares. 56,400 are held by Canada Pension Plan Investment Board. Strs Ohio has 4,700 shares for 0% of their portfolio. The Louisiana-based Louisiana State Employees Retirement Systems has invested 0.03% in Commercial Metals Company (NYSE:CMC). Van Eck Corp has 190,253 shares. Hsbc Holdg Pcl holds 0% or 17,860 shares in its portfolio. Bessemer Group Incorporated owns 0% invested in Commercial Metals Company (NYSE:CMC) for 1,387 shares. Cim Inv Mangement accumulated 19,030 shares or 0.14% of the stock. Koch holds 0.12% in Commercial Metals Company (NYSE:CMC) or 39,190 shares.

Since January 16, 2018, it had 0 insider buys, and 3 selling transactions for $1.54 million activity. Porter Tracy L had sold 20,536 shares worth $514,950 on Tuesday, January 16.

Commercial Metals (NYSE:CMC) Stock Upgrade

It will be interesting to watch today’s trading of shares of Commercial Metals (NYSE:CMC) as Macquarie boosted the stock from a “Underperform” to a respectable “Neutral”.

Commercial Metals Company (NYSE:CMC) Ratings Coverage

Among 8 analysts covering Commercial Metals Company (NYSE:CMC), 5 have Buy rating, 1 Sell and 2 Hold. Therefore 63% are positive. Commercial Metals Company has $30.0 highest and $24.0 lowest target. $25.86’s average target is 7.57% above currents $24.04 stock price. Commercial Metals Company had 10 analyst reports since December 7, 2017 according to SRatingsIntel. Bank of America downgraded the stock to “Hold” rating in Wednesday, March 14 report. Citigroup downgraded the shares of CMC in report on Tuesday, April 3 to “Neutral” rating. JP Morgan upgraded the shares of CMC in report on Friday, March 9 to “Overweight” rating. The rating was upgraded by Bank of America to “Buy” on Thursday, December 7. Deutsche Bank maintained the stock with “Buy” rating in Thursday, March 29 report. The stock of Commercial Metals Company (NYSE:CMC) earned “Buy” rating by Jefferies on Thursday, March 22. The firm has “Buy” rating by J.P. Morgan given on Friday, March 9. The firm earned “Buy” rating on Tuesday, January 9 by Jefferies.

The stock increased 1.56% or $0.37 during the last trading session, reaching $24.04. About 931,547 shares traded. Commercial Metals Company (NYSE:CMC) has risen 12.07% since May 18, 2017 and is uptrending. It has outperformed by 0.52% the S&P500.

Analysts await Commercial Metals Company (NYSE:CMC) to report earnings on June, 28. They expect $0.41 earnings per share, up 20.59 % or $0.07 from last year’s $0.34 per share. CMC’s profit will be $47.98 million for 14.66 P/E if the $0.41 EPS becomes a reality. After $0.26 actual earnings per share reported by Commercial Metals Company for the previous quarter, Wall Street now forecasts 57.69 % EPS growth.

Commercial Metals Company manufactures, recycles, and markets steel and metal products, and related materials and services in the United States and internationally. The company has market cap of $2.81 billion. It operates through five divisions: Americas Recycling, Americas Mills, Americas Fabrication, International Mill, and International Marketing and Distribution. It has a 51.59 P/E ratio. The Americas Recycling segment processes and sells scrap metals to steel mills and foundries, aluminum sheet and ingot manufacturers, brass and bronze ingot makers, copper refineries and mills, secondary lead smelters, specialty steel mills, high temperature alloy manufacturers, and other consumers.

More important recent Commercial Metals Company (NYSE:CMC) news were published by: Benzinga.com which released: “Benzinga’s Top Upgrades, Downgrades For May 17, 2018” on May 17, 2018, also Prnewswire.com published article titled: “Commercial Metals Company Celebrates the Dedication of New Micro Mill in Durant, Oklahoma”, 247Wallst.com published: “Jefferies Says Buy the Pullback in Steel Stocks Now” on May 09, 2018. More interesting news about Commercial Metals Company (NYSE:CMC) was released by: Globenewswire.com and their article: “Analysis: Positioning to Benefit within The Manitowoc, RSP Permian, Verifone, Commercial Metals, Total System …” with publication date: May 09, 2018.

Commercial Metals Company (NYSE:CMC) Institutional Positions Chart

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