Commercial Metals Co. [CMC] stock prices are up 0.74% to $52.98 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The CMC shares have gain 0.63% over the last week, with a monthly amount glided 8.86%, 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 October 09, 2024, when Wolfe Research downgraded its rating to a Peer Perform. Previously, Jefferies started tracking the stock with Buy rating on September 03, 2024, and set its price target to $65. On January 16, 2024, UBS initiated with a Buy rating and assigned a price target of $65 on the stock. UBS started tracking the stock assigning a Buy rating and suggested a price target of $63 on July 11, 2023. BofA Securities upgraded its rating to a Buy and raised its price target to $60 on April 05, 2023. KeyBanc Capital Markets downgraded its rating to Sector Weight for this stock on February 23, 2023.
The stock price of Commercial Metals Co. [CMC] has been fluctuating between $39.85 and $61.26 over the past year. Currently, Wall Street analysts expect the stock to reach $59.25 within the next 12 months. Commercial Metals Co. [NYSE: CMC] shares were valued at $52.98 at the most recent close of the market. An investor can expect a potential return of 11.83% based on the average CMC price forecast.
Analyzing the CMC fundamentals
The Commercial Metals Co. [NYSE:CMC] reported sales of 8.14B for trailing twelve months, representing 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 52.28 points at the first support level, and at 51.59 for the second support level. However, for the 1st resistance point, the stock is sitting at 53.45, and for the 2nd resistance point, it is at 53.93.
Ratios To Look Out For
It’s worth pointing out that Commercial Metals Co. [NYSE:CMC]’s Current Ratio is 4.24. Also, the Quick Ratio is 2.83, while the Cash Ratio stands at 0.91. Considering the valuation of this stock, the price to sales ratio is 0.75, the price to book ratio is 1.43 and price to earnings (TTM) ratio is 11.03.
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.
