Commercial Metals Co. [CMC] stock is trading at $51.89, up 0.82%. 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 6.62% over the last week, with a monthly amount drifted -3.85%, 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 September 03, 2024, when Jefferies initiated its Buy rating and assigned the stock a price target of $65. Previously, UBS started tracking the stock with Buy rating on January 16, 2024, and set its price target to $65. On July 11, 2023, UBS initiated with a Buy rating and assigned a price target of $63 on the stock. BofA Securities upgraded its rating to a Buy and increased its price target to $60 on April 05, 2023. KeyBanc Capital Markets downgraded its rating to a Sector Weight. In a note dated January 21, 2022, Exane BNP Paribas upgraded an Outperform rating on this stock but restated the target price of $45.
Commercial Metals Co. [CMC] stock has fluctuated between $39.85 and $61.26 over the past year. 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 $51.89 at the most recent close of the market. An investor can expect a potential return of 12.41% based on the average CMC price forecast.
Analyzing the CMC fundamentals
Commercial Metals Co. [NYSE:CMC] reported sales of 8.14B for the trailing twelve months, which represents a drop of -11.36%. 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. 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 51.12 points at the first support level, and at 50.34 for the second support level. However, for the 1st resistance point, the stock is sitting at 52.92, and for the 2nd resistance point, it is at 53.94.
Ratios To Look Out For
For context, Commercial Metals Co.’s Current Ratio is 4.24. Further, the Quick Ratio stands at 2.83, while the Cash Ratio is 0.91. Considering the valuation of this stock, the price to sales ratio is 0.73, the price to book ratio is 1.40 and price to earnings (TTM) ratio is 10.81.
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.
