ibusinesslines.com
ibusinesslines.com July 22, 2018


Commercial Metals Company (CMC) Rating Lowered to Sell at Zacks Investment Research

17 July 2017, 04:23 | Justin Tyler

The institutional investor owned 12,572,181 shares of the basic materials company's stock after selling 2,174,135 shares during the period. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the stock. Meadow Creek Investment Management LLC increased its stake in shares of Commercial Metals Company by 13.6% in the first quarter. Breton Hill Capital Ltd. now owns 37,326 shares of the basic materials company's stock worth $714,000 after buying an additional 2,446 shares in the last quarter. Parametric Portfolio Associates LLC increased its position in Commercial Metals Company by 29.3% in the first quarter. Meadow Creek Investment Management LLC now owns 7,000 shares of the basic materials company's stock valued at $134,000 after buying an additional 840 shares in the last quarter. Renaissance Technologies LLC increased its position in Commercial Metals Company by 119.7% in the fourth quarter. Point72 Asia Hong Kong Ltd now owns 6,591 shares of the basic materials company's stock valued at $126,000 after buying an additional 5,182 shares in the last quarter. First Manhattan Co. raised its stake in Commercial Metals Company by 2.4% in the first quarter. Finally, Deprince Race & Zollo Inc. purchased a new position in shares of Commercial Metals Company during the first quarter valued at about $13,580,000. Institutional investors own 89.73% of the company's stock.

Commercial Metals Company now has a P/E ratio of 30.65 and market capitalization is 2.30B. The stock declined 1.58% or $0.32 reaching $19.94 per share. The company has market cap of $3.52 billion.

The stock is now moving with a Positive distance from 200-Day Simple Moving Average of about 4.09% and has no so good Year to Date (YTD) Performance of -6.98% which means the stock is constantly adding to its value from previous fiscal year end price. Commercial Metals Company (NYSE:CMC) notched a 12-month high of $20.22 while $26.00 target is by far the most aggressive out of analysts who are now evaluating CMC, $5.78 higher than the next highest 52-week price estimate.

The share price of the company (NYSE:CMC) was down -2.12% during the last trading session, with a high of 20.32 and the volume of Commercial Metals Company shares traded was 1489574. In the latest earnings report the EPS was $0.65 and is expected to be $0.93 for the current year with 115,790,000 shares now outstanding.

Walthausen & Company decreased Commercial Metals Co (CMC) stake by 49.19% reported in 2016Q4 SEC filing. The firm had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.34 billion. During the same period in the previous year, the company posted $0.31 EPS.

Quarterly Revenue growth year over year is 12.6 Percent.

The company has mean EPS estimate of 0.28 reported by 8 number of analyst for the quarter ending Current Qtr.(Aug2017). Shareholders of record on Thursday, July 6th will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 2.44%.


According to Yahoo Finance, The Dividend Date for Commercial Metals Company is Jul 20, 2017 and its Ex-Dividend Date is Jul 3, 2017.

03/28/2017 - Commercial Metals Company was upgraded to " by analysts at Credit Suisse.

ILLEGAL ACTIVITY NOTICE: This report was posted by Transcript Daily and is the property of of Transcript Daily. If you are reading this news story on another site, it was illegally copied and reposted in violation of United States and global copyright and trademark laws. The original version of this story can be viewed at https://www.com-unik.info/2017/07/15/commercial-metals-company-nysecmc-stake-raised-by-ubs-group-ag.html.

A number of analysts have weighed in on the stock. On November 9 the company was upgraded to "Buy" from "Hold" and a price target of $20.00 was set by analysts at Jefferies. Bank of America Corporation downgraded shares of Commercial Metals Company from a "buy" rating to a "neutral" rating and lowered their target price for the company from $21.00 to $19.00 in a report on Thursday, June 8th.

On December 12 the stock rating was downgraded to "Hold" from "Buy" in a statement from Jefferies.

03/21/2017 - Commercial Metals Company had its " rating reiterated by analysts at Deutsche Bank. The Company's Americas Recycling segment processes scrap metals for use as a raw material by manufacturers of new metal products. The Americas Mills segment consists of steel mills, commonly referred to as minimills that produce reinforcing bar, angles, flats and rounds.



Other News

Trending Now

Elon Musk: "Regulate AI Before it's Too Late"
Musk isn't the only one spewing AI-hating, controversial headline-worthy quotes in the hope to hit the headlines. Often, too, the law simply hasn't anticipated the sorts of behaviors and issues that technology has instigated.

Chinese economy delivers pleasant second-quarter growth surprise
Industrial production grew at a 7.6% year-on-year clip last month, after increasing by 6.5% in May (consensus: 6.5%). Retail sales rose 11 percent in June a year earlier, higher than analysts' estimate of 10.6 percent.

Coast Guard rescues mother, daughter from rip tide at NC beach
The Coast Guard rescued a mother and her ten-year-old daughter caught in rip tides near Baldhead Beach and Oak Island Saturday. They were brought by the Coast Guard back to Woods Hole in Falmouth, Massachusetts, where family was waiting for them.

Ashley Madison will pay $11.2 million to users for data breach
It may also be the case that previous users entitled to compensation simply want to lay the issue to rest and will not claim. PII: Customers whose personally identifiable information was released, due to the breach (up to $500 per individual).

Death toll in heavy rains, floods in India's Gujarat rises to 15
Thousands of people were rescued and shifted to safer location in different districts of the Indian state, officials said. True to the Meteorology department predictions, 12 districts received over 100 mm of rainfall in the last 24 hours.

Himax Technologies (NASDAQ:HIMX) Earning Positive News Coverage, Analysis Shows
The current share price indicates that stock is -26.85% away from its one year high and is moving 64.14% ahead of its 52-week low. Canada Pension Plan Investment Board increased its position in shares of Himax Technologies by 2,325.6% in the first quarter.

Don't spare anyone involved in drugs racket: Telangana CM
While pointing out that drugs were being used in the city for a long time, he said: "This has to be wiped out completely". The DGP informed the chief minister on the measures undertaken to control adulteration of food items and spurious seeds.