At the time of writing, Commercial Metals Co [CMC] stock is trading at $51.61, up 5.13%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The CMC shares have gain 5.56% over the last week, with a monthly amount drifted -11.94%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Commercial Metals Co [NYSE: CMC] stock has seen the most recent analyst activity on January 10, 2025, when UBS upgraded its rating to a Neutral and also revised its price target to $54 from $56. Previously, Exane BNP Paribas downgraded its rating to Neutral on January 03, 2025. UBS downgraded its rating to a Sell but stick to its price target of $56 on December 12, 2024. Goldman initiated its recommendation with a Buy and recommended $75 as its price target on December 02, 2024. Wolfe Research downgraded its rating to Peer Perform for this stock on October 09, 2024. In a note dated September 03, 2024, Jefferies initiated an Buy rating and provided a target price of $65 on this stock.
For the past year, the stock price of Commercial Metals Co fluctuated between $45.50 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 $51.61 at the most recent close of the market. An investor can expect a potential return of 20.13% based on the average CMC price forecast.
Analyzing the CMC fundamentals
According to Commercial Metals Co [NYSE:CMC], the company’s sales were 7.83B for trailing twelve months, which represents an -4.67% plunge. Gross Profit Margin for this corporation currently stands at 0.16% with Operating Profit Margin at 0.06%, Pretax Profit Margin comes in at 0.02%, and Net Profit Margin reading is 0.02%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.03 and Total Capital is 0.08. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.3.
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 50.44 points at the first support level, and at 49.27 for the second support level. However, for the 1st resistance point, the stock is sitting at 52.39, and for the 2nd resistance point, it is at 53.17.
Ratios To Look Out For
It is important to note that Commercial Metals Co [NYSE:CMC] has a current ratio of 2.76. As well, the Quick Ratio is 1.94, while the Cash Ratio is 0.73. Considering the valuation of this stock, the price to sales ratio is 0.75, the price to book ratio is 1.46 and price to earnings (TTM) ratio is 46.49.
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.
