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Main » Commercial Metals Company's (CMC) Hold Rating Reiterated at Jefferies Group LLC

Commercial Metals Company's (CMC) Hold Rating Reiterated at Jefferies Group LLC

17 Juillet 2017

Similar statistics are true for the second largest owner, Vanguard Group Inc, which owns 12,572,181 shares of the stock are valued at $254.71 million. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the stock. Glen Harbor Capital Management LLC raised its stake in Commercial Metals Company by 13.6% in the first quarter. Advantus Capital Management Inc now owns 14,796 shares of the basic materials company's stock valued at $283,000 after buying an additional 436 shares during the period.

Walthausen & Company increased Mgp Ingredients Inc (NASDAQ:MGPI) stake by 30,480 shares to 305,610 valued at $15.27 million in 2016Q4. Finally, First Manhattan Co. increased its position in Commercial Metals Company by 2.4% in the first quarter. First Manhattan Co. now owns 537,857 shares of the basic materials company's stock worth $8,707,000 after buying an additional 12,502 shares in the last quarter. Elkfork Partners LLC now owns 5,500 shares of the basic materials company's stock valued at $105,000 after buying an additional 660 shares during the period. With 1.89M avg volume, 3 days are for Commercial Metals Company (NYSE:CMC)'s short sellers to cover CMC's short positions. The firm owned 52,462 shares of the basic materials company's stock after buying an additional 1,385 shares during the period.

Price/Earnings to growth ratio for the company is 0.82 and the stock shows its Price/Sales (ttm) of 0.49 and Price/Book for the most recent quarter of 1.65. The stock's market capitalization is 2.31B, it has a 52-week low of 14.57 and a 52-week high of 24.64.

The share price of the company (NYSE:CMC) was down -2.12% during the last trading session, with a high of 20.32 and the volume of Commercial Metals Company shares traded was 1489574. The basic materials company reported $0.34 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.23 by $0.11.

Commercial Metals Company was upgraded to "buy" by analysts at Citigroup. Revenue for the quarter also killed consensus, coming in at $1.38 Billion, compared to the consensus of 1.34 Billion. During the same quarter in the prior year, the firm posted $0.31 EPS. Nonetheless, from here on out, earnings per share forecasts for the current quarter are $0.24.

The company also recently announced a dividend for shareholders payable on Thursday July 20th, 2017. Stockholders of record on Thursday, July 6th will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 2.44%. The ex-dividend date of this dividend is Monday, July 3rd.

Mosaic Company (The) (MOS) Upgraded at BidaskClub
The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink . The Mosaic Company, launched on March 25, 2004, is a producer and marketer of concentrated phosphate and potash crop nutrients.

03/28/2017 - Commercial Metals Company was upgraded to "outperform" by analysts at Credit Suisse.

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CMC has been the subject of a number of other research reports.

03/21/2017 - Commercial Metals Company had its "buy" rating reiterated by analysts at Deutsche Bank. Jefferies Group LLC reissued a "hold" rating and issued a $19.00 target price on shares of Commercial Metals Company in a research note on Wednesday, June 28th. Bank of America Corporation reaffirmed a "neutral" rating and set a $20.00 price target (up previously from $19.00) on shares of Commercial Metals Company in a report on Sunday, June 25th.

Receive Commercial Metals Company News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Commercial Metals Company with MarketBeat.com's FREE daily email newsletter. The lowest 12-month price target for the shares is $14.00, which would be decrease of about -31% of its current value. The Company's Americas Recycling segment processes scrap metals for use as a raw material by manufacturers of new metal products. The Americas Mills segment consists of steel mills, commonly referred to as minimills that produce reinforcing bar, angles, flats and rounds.