Somewhat Positive News Coverage Somewhat Unlikely to Impact Commercial Metals (CMC) Stock Price
News coverage about Commercial Metals (NYSE:CMC) has trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Commercial Metals earned a coverage optimism score of 0.15 on Accern’s scale. Accern also gave media stories about the basic materials company an impact score of 46.603328467574 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Several analysts recently commented on CMC shares. Zacks Investment Research raised Commercial Metals from a “sell” rating to a “hold” rating in a research note on Monday, June 25th. ValuEngine downgraded Commercial Metals from a “buy” rating to a “hold” rating in a research note on Wednesday, June 13th. Citigroup raised their price objective on Commercial Metals from $22.00 to $24.00 and gave the stock a “hold” rating in a research note on Tuesday, June 12th. Macquarie reaffirmed a “neutral” rating on shares of Commercial Metals in a research note on Thursday, May 31st. Finally, Goldman Sachs Group raised Commercial Metals from a “sell” rating to a “neutral” rating and set a $24.00 price objective on the stock in a research note on Monday, August 13th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $25.00.
Shares of Commercial Metals stock opened at $20.82 on Friday. The firm has a market cap of $2.50 billion, a P/E ratio of 33.58 and a beta of 1.36. Commercial Metals has a 12 month low of $17.38 and a 12 month high of $26.72. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.73 and a current ratio of 3.90.
Commercial Metals Company Profile
Commercial Metals Company manufactures, recycles, and markets steel and metal products, and related materials and services in the United States and internationally. It operates through five segments: Americas Recycling, Americas Mills, Americas Fabrication, International Mill, and International Marketing and Distribution.
Further Reading: Book Value Per Share – BVPS
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