At the time of writing, Commercial Metals Co. [CMC] stock is trading at $54.19, up 0.84%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The CMC shares have gain 0.91% over the last week, with a monthly amount drifted -7.11%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Commercial Metals Co. [NYSE: CMC] stock has seen the most recent analyst activity on January 16, 2024, when UBS initiated its Buy rating and assigned the stock a price target of $65. Previously, UBS started tracking the stock with Buy rating on July 11, 2023, and set its price target to $63. On April 05, 2023, upgrade upgraded it’s rating to Buy and revised its price target to $60 on the stock. KeyBanc Capital Markets downgraded its rating to a Sector Weight. Exane BNP Paribas upgraded its rating to Outperform for this stock on January 21, 2022, but kept the price target unchanged to $45. In a note dated January 19, 2022, KeyBanc Capital Markets upgraded an Overweight rating on this stock but restated the target price of $42.
For the past year, the stock price of Commercial Metals Co. fluctuated between $39.85 and $59.81. Currently, Wall Street analysts expect the stock to reach $58.33 within the next 12 months. Commercial Metals Co. [NYSE: CMC] shares were valued at $54.19 at the most recent close of the market. An investor can expect a potential return of 7.64% based on the average CMC price forecast.
Analyzing the CMC fundamentals
According to Commercial Metals Co. [NYSE:CMC], the company’s sales were 8.41B for trailing twelve months, which represents an -8.41% plunge. Gross Profit Margin for this corporation currently stands at 0.19% with Operating Profit Margin at 0.07%, Pretax Profit Margin comes in at 0.11%, and Net Profit Margin reading is 0.08%. To continue investigating profitability, this company’s Return on Assets is posted at 0.1, Equity is 0.16 and Total Capital is 0.1. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.28.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 53.61 points at the first support level, and at 53.04 for the second support level. However, for the 1st resistance point, the stock is sitting at 54.90, and for the 2nd resistance point, it is at 55.60.
Commercial Metals Co. [CMC] reported earnings per share of $0.88 for its fiscal quarter that ended on 2/29/2024. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.75/share, meaning a difference of $0.13 and a surprise factor of 17.30%. By comparison, the stated earnings for the previous quarter ended on 11/30/2023 were $1.63 per share as compared to estimates of $1.45 per share, a difference of $0.18 representing a surprise of 12.40%.
Ratios To Look Out For
It is important to note that Commercial Metals Co. [NYSE:CMC] has a current ratio of 4.19. Further, the Quick Ratio stands at 2.69, while the Cash Ratio is 0.84. Considering the valuation of this stock, the price to sales ratio is 0.75, the price to book ratio is 1.49 and price to earnings (TTM) ratio is 9.42.
Transactions by insiders
Recent insider trading involved Smith Barbara, Executive Chairman, that happened on Mar 27 ’24 when 35704.0 shares were sold. Executive Chairman, Smith Barbara completed a deal on Feb 07 ’24 to sell 23619.0 shares. Meanwhile, Executive Chairman Smith Barbara sold 60166.0 shares on Feb 02 ’24.
