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Commercial Metals Company (NYSE:CMC) has been downgraded from Buy to Neutral in a statement by Bank of America (Merrill Lynch) earlier today.

Yesterday Commercial Metals Company (NYSE:CMC) traded 6.91% higher at $18.88. The company’s 50-day moving average is $18.53 and its 200-day moving average is $18.67. The last closing price is up 7.64% from the 200-day moving average, compared to the S&P 500 which has increased 0.03% over the same time period. 5,407,758 shares of the stock were exchanged, up from an average trading volume of 1,947,610

Bank of America (Merrill Lynch) has downgraded Commercial Metals Company (NYSE:CMC) from Buy to Neutral in a statement released on Thursday June 08, 2017.

On Thursday May 25, 2017, Jefferies & Co released a statement on Commercial Metals Company (NYSE:CMC) increased the target price from $0.00 to $19.00. At the time, this indicated a possible upside of 0.04%.

See Chart Below

Commercial Metals Company (NYSE:CMC)

Commercial Metals Company has a 52 week low of $15.08 and a 52 week high of $24.64 with a P/E ratio of 31.07 The company’s market cap is currently $0.

In addition to Bank of America (Merrill Lynch) reporting its stock price target, a total of 8 brokers have issued a research note on the company. The average stock price target is $16.56 with 1 broker rating the stock a strong buy, 1 broker rating the stock a buy, 6 brokers rating the stock a hold, 1 broker rating the stock a underperform, and finally 1 broker rating the stock a sell.

General Information About Commercial Metals Company (NYSE:CMC)

Commercial Metals Company, together with its subsidiaries, manufactures, recycles and markets steel and metal products, related materials and services through a network. 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 (rebar), angles, flats and rounds. Its Americas Fabrication segment consists of its steel fabrication facilities that bend, weld, cut and fabricate steel, primarily rebar. Its International Mill segment consists of its mill, recycling and fabrication operations located in Poland. Its International Marketing and Distribution segment includes international operations for the sales, distribution and processing of primary and secondary metals, fabricated metals, semi-finished, long and flat steel products, and other industrial products.

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