ValuEngine Lowers Commercial Metals (CMC) to Sell
ValuEngine downgraded shares of Commercial Metals (NYSE:CMC) from a hold rating to a sell rating in a research note published on Friday morning.
A number of other brokerages have also commented on CMC. Zacks Investment Research lowered shares of Commercial Metals from a hold rating to a sell rating in a report on Tuesday, June 19th. Seaport Global Securities initiated coverage on shares of Commercial Metals in a report on Thursday. They set a neutral rating and a $20.00 price objective on the stock. Deutsche Bank lowered shares of Commercial Metals to a buy rating in a report on Tuesday, October 2nd. Bank of America lowered shares of Commercial Metals from a neutral rating to an underperform rating and set a $24.00 price objective on the stock. in a report on Tuesday, June 19th. They noted that the move was a valuation call. Finally, Goldman Sachs Group raised shares of Commercial Metals from a sell rating to a neutral rating and set a $24.00 price objective on the stock in a report on Monday, August 13th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company. The company has a consensus rating of Hold and an average price target of $24.44.
Shares of NYSE:CMC opened at $19.12 on Friday. Commercial Metals has a 12 month low of $17.58 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. The stock has a market cap of $2.40 billion, a price-to-earnings ratio of 30.84 and a beta of 1.32.
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.
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