Finally Time To Raise Your Stake? Macquarie Upgrades Commercial Metals (NYSE:CMC) Shares

May 17, 2018 - By Ash Ash

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 improved, 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.

Glg Ptnrs L P invested 0.06% in Commercial Metals Company (NYSE:CMC). 29,391 were reported by Liberty Mutual Group Asset. Blackrock Inc accumulated 14.69M shares. 489,054 are held by Principal Grp Incorporated. South Dakota Invest Council holds 0.01% of its portfolio in Commercial Metals Company (NYSE:CMC) for 11,100 shares. Jefferies Group Inc Limited Co stated it has 0% of its portfolio in Commercial Metals Company (NYSE:CMC). Whittier Trust Of Nevada Inc accumulated 1,400 shares or 0% of the stock. Moreover, Federated Invsts Pa has 0.03% invested in Commercial Metals Company (NYSE:CMC). Strs Ohio invested 0% in Commercial Metals Company (NYSE:CMC). The Texas-based Hbk L P has invested 0% in Commercial Metals Company (NYSE:CMC). Hudson Valley Advisors Adv holds 0.12% of its portfolio in Commercial Metals Company (NYSE:CMC) for 22,220 shares. 14,268 are owned by Advantus Management Inc. Weaver C Barksdale And Associates reported 1,311 shares or 0.03% of all its holdings. Thrivent Fincl For Lutherans accumulated 0% or 25,222 shares. 1.61 million are held by Millennium Mgmt Lc.

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

Commercial Metals (NYSE:CMC) Stock Upgrade

Shares of Commercial Metals (NYSE:CMC) were upped by stock analysts at Macquarie from a “Underperform” rating to a solid “Neutral” rating via analysts report revealed to investors and clients on Thursday, 17 May.

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 7.44% above currents $24.07 stock price. Commercial Metals Company had 10 analyst reports since December 7, 2017 according to SRatingsIntel. The rating was upgraded by Bank of America on Thursday, December 7 to “Buy”. The firm earned “Neutral” rating on Tuesday, April 3 by Citigroup. The stock of Commercial Metals Company (NYSE:CMC) has “Hold” rating given on Wednesday, March 14 by Bank of America. The stock of Commercial Metals Company (NYSE:CMC) earned “Buy” rating by Jefferies on Tuesday, January 9. On Friday, March 9 the stock rating was upgraded by JP Morgan to “Overweight”. The stock has “Buy” rating by J.P. Morgan on Friday, March 9. The stock of Commercial Metals Company (NYSE:CMC) earned “Buy” rating by Jefferies on Thursday, March 22. The stock of Commercial Metals Company (NYSE:CMC) earned “Buy” rating by Deutsche Bank on Thursday, March 29.

The stock increased 1.69% or $0.4 during the last trading session, reaching $24.07. About 613,790 shares traded. Commercial Metals Company (NYSE:CMC) has risen 12.07% since May 17, 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 EPS, up 20.59 % or $0.07 from last year’s $0.34 per share. CMC’s profit will be $47.97 million for 14.68 P/E if the $0.41 EPS becomes a reality. After $0.26 actual EPS 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 $2.82 billion. It operates through five divisions: Americas Recycling, Americas Mills, Americas Fabrication, International Mill, and International Marketing and Distribution. It has a 51.65 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: 247Wallst.com which released: “Jefferies Says Buy the Pullback in Steel Stocks Now” on May 09, 2018, also Globenewswire.com published article titled: “Analysis: Positioning to Benefit within The Manitowoc, RSP Permian, Verifone, Commercial Metals, Total System …”, Benzinga.com published: “Benzinga’s Top Upgrades, Downgrades For May 17, 2018” on May 17, 2018. More interesting news about Commercial Metals Company (NYSE:CMC) was released by: Prnewswire.com and their article: “Commercial Metals Company Celebrates the Dedication of New Micro Mill in Durant, Oklahoma” with publication date: April 27, 2018.

Commercial Metals Company (NYSE:CMC) Institutional Positions Chart

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