At the time of writing, Commercial Metals Co. [CMC] stock is trading at $58.33, up 2.93%. An important factor to consider is whether the stock is rising or falling in short-term value. The CMC shares have gain 12.67% over the last week, with a monthly amount glided 13.99%, and 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 $58.33 at the most recent close of the market.
Analyzing the CMC fundamentals
According to Commercial Metals Co. [NYSE:CMC], the company’s sales were 8.14B for trailing twelve months, which represents an -11.36% plunge. Gross Profit Margin for this corporation currently stands at 0.18% with Operating Profit Margin at 0.1%, Pretax Profit Margin comes in at 0.09%, and Net Profit Margin reading is 0.07%. To continue investigating profitability, this company’s Return on Assets is posted at 0.08, Equity is 0.13 and Total Capital is 0.13. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.28.
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 56.83 points at the first support level, and at 55.32 for the second support level. However, for the 1st resistance point, the stock is sitting at 59.36, and for the 2nd resistance point, it is at 60.38.
Ratios To Look Out For
It is important to note that Commercial Metals Co. [NYSE:CMC] has a current ratio of 4.24. On the other hand, the Quick Ratio is 2.83, and the Cash Ratio is 0.91. Considering the valuation of this stock, the price to sales ratio is 0.82, the price to book ratio is 1.58 and price to earnings (TTM) ratio is 12.15.
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.
