Senior UN official assures Pyongyang of commitment to peaceful solution
Romancing SaGa 2 - Announcement Trailer
Heart-Wrenching Footage Of Starving Polar Bear Exposes Climate Crisis
Paul Lutheran Church to hold Blue Christmas Service on December 10
Smoke smothers Southern California in gripping photos from space
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.
Cathay General Bancorp (CATY) Downgraded by BidaskClub to Sell
The Firm operates a family of technical product and process businesses serving the energy, industrial and infrastructure markets. State Of Tennessee Treasury Department invested in 0.02% or 80,000 shares. 348,277 shares of the company's stock traded hands.
30-year-old Hull City star completes Derby switch
The 30-year-old midfielder made 23 Premier League starts last season as Hull were relegated to the Championship. The England global has left the Tigers after the Rams activated the release clause in his contract.
Are Analysts Bullish about Mosaic Co (NYSE:MOS) after last week?
The basic materials company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.19 by $0.15. The share price has moved backward from its 20 days moving average -0.74% and positively from its 50 days moving average 0.67%.