At the time of writing, Commercial Metals Co [CMC] stock is trading at $61.71, down -0.76%. An important factor to consider is whether the stock is rising or falling in short-term value. The CMC shares have gain 0.55% over the last week, with a monthly amount glided 11.73%, 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 December 02, 2024, when Goldman initiated its Buy rating and assigned the stock a price target of $75. Previously, Wolfe Research downgraded its rating to Peer Perform on October 09, 2024. On September 03, 2024, Jefferies 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 $65 on January 16, 2024. UBS initiated its recommendation with a Buy and recommended $63 as its price target on July 11, 2023. BofA Securities upgraded its rating to Buy for this stock on April 05, 2023, and upped its price target to $60. In a note dated February 23, 2023, KeyBanc Capital Markets downgraded an Sector Weight rating on this stock.
For the past year, the stock price of Commercial Metals Co fluctuated between $44.93 and $64.53. Currently, Wall Street analysts expect the stock to reach $62 within the next 12 months. Commercial Metals Co [NYSE: CMC] shares were valued at $61.71 at the most recent close of the market. An investor can expect a potential return of 0.47% based on the average CMC price forecast.
Analyzing the CMC fundamentals
According to Commercial Metals Co [NYSE:CMC], the company’s sales were 7.93B for trailing twelve months, which represents an -9.64% plunge. Gross Profit Margin for this corporation currently stands at 0.17% with Operating Profit Margin at 0.09%, Pretax Profit Margin comes in at 0.08%, and Net Profit Margin reading is 0.06%. To continue investigating profitability, this company’s Return on Assets is posted at 0.07, Equity is 0.11 and Total Capital is 0.12. 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 61.04 points at the first support level, and at 60.37 for the second support level. However, for the 1st resistance point, the stock is sitting at 62.49, and for the 2nd resistance point, it is at 63.28.
Ratios To Look Out For
It is important to note that Commercial Metals Co [NYSE:CMC] has a current ratio of 3.94. On the other hand, the Quick Ratio is 2.78, and the Cash Ratio is 1.03. Considering the valuation of this stock, the price to sales ratio is 0.89, the price to book ratio is 1.64 and price to earnings (TTM) ratio is 14.91.
Transactions by insiders
Recent insider trading involved Smith Barbara, Former Officer, that happened on Oct 29 ’24 when 55975.0 shares were purchased. Former Officer, Smith Barbara completed a deal on Oct 21 ’24 to buy 71777.0 shares. Meanwhile, Executive Chairman Smith Barbara sold 35704.0 shares on Mar 27 ’24.
