Macquarie Gains Confidence in Commercial Metals Company (NYSE:CMC). Will Other Analysts Follow?

May 18, 2018 - By Mona Holcomb

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 is positive, 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.

Shell Asset Mngmt owns 0.05% invested in Commercial Metals Company (NYSE:CMC) for 110,589 shares. Bessemer Grp Inc Incorporated holds 1,387 shares or 0% of its portfolio. Metropolitan Life Insurance New York owns 66,075 shares or 0.02% of their US portfolio. Bnp Paribas Arbitrage holds 191,323 shares or 0.01% of its portfolio. The Pennsylvania-based Federated Investors Pa has invested 0.03% in Commercial Metals Company (NYSE:CMC). Tudor Invest Corp Et Al reported 13,874 shares. Prudential Financial stated it has 0% of its portfolio in Commercial Metals Company (NYSE:CMC). Manufacturers Life Co The owns 275,086 shares or 0.01% of their US portfolio. 11,100 are held by South Dakota Investment Council. Systematic Fincl Management L P stated it has 585,248 shares. Nuveen Asset Mgmt Ltd Company has 0.19% invested in Commercial Metals Company (NYSE:CMC). Bluemountain Capital Mngmt Ltd Liability Co accumulated 41,130 shares or 0.02% of the stock. Pub Employees Retirement Association Of Colorado holds 0% or 22,247 shares in its portfolio. Luminus Management Ltd owns 694,591 shares or 0.31% of their US portfolio. Sit Invest Assoc has invested 0.01% of its portfolio in Commercial Metals Company (NYSE:CMC).

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

Commercial Metals Company (NYSE:CMC) Stock Upgrade

Macquarie has raised shares of Commercial Metals Company (NYSE:CMC) to a “Hold” and at this point in time has a $24.0000 PT on the stock. This was disclosed to clients in an analysts report earlier today. Macquarie’s PT means a possible downside of -0.17 %.

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. The firm has “Buy” rating given on Thursday, March 29 by Deutsche Bank. Jefferies maintained Commercial Metals Company (NYSE:CMC) rating on Tuesday, January 9. Jefferies has “Buy” rating and $29.0 target. As per Thursday, December 7, the company rating was upgraded by Bank of America. The firm has “Overweight” rating given on Friday, March 9 by JP Morgan. The stock of Commercial Metals Company (NYSE:CMC) earned “Buy” rating by J.P. Morgan on Friday, March 9. The stock has “Buy” rating by Jefferies on Thursday, March 22. The rating was downgraded by Citigroup to “Neutral” on Tuesday, April 3. As per Wednesday, March 14, the company rating was downgraded by Bank of America.

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 EPS, up 20.59 % or $0.07 from last year’s $0.34 per share. CMC’s profit will be $47.98M for 14.66 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 $2.81 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: Prnewswire.com which released: “Commercial Metals Company Celebrates the Dedication of New Micro Mill in Durant, Oklahoma” on April 27, 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: 247Wallst.com and their article: “Jefferies Says Buy the Pullback in Steel Stocks Now” with publication date: May 09, 2018.

Commercial Metals Company (NYSE:CMC) Institutional Positions Chart

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