Commercial Metals Company (NYSE:CMC) target price increased to $16.00, reported today by Citigroup Inc.
- Updated: September 17, 2016
Indicating a possible upside of 0.01%, Citigroup Inc. upped the price target of Commercial Metals Company (NYSE:CMC) to $16.
Yesterday Commercial Metals Company (NYSE:CMC) traded 0.60% lower at $15.91. Commercial Metals Company’s 50-day moving average is $16.08 and its two hundred day moving average is $16.75. The last stock price close is down 10.63% from the two hundred day moving average, compared with the S&P 500 which has decreased -0.01% over the same time period. Trade volume was was up over the average, with 2,372,315 shares of CMC changing hands over the typical 1,472,100 shares..
With a total market value of $0.0, Commercial Metals Company has a PE of 14 with a one-year low of $12.44 and a 52 week high of $18.50.
Also covering Commercial Metals Company’s stock price target, a total of 8 firms have issued a research note on Commercial Metals Company. The average target price is $16.56 with one analyst rating the stock a strong buy, one analyst rating the company a buy, six analyts rating the stock a hold, one firm rating the company to underperform, and lastly one brokeragerating the company as sell.
About Commercial Metals Company (NYSE:CMC)
Commercial Metals Company (CMC) manufactures, recycles and markets steel and metal products, related materials and services. CMC has a network of steel mills (minimills), steel fabrication and processing facilities, warehouses, metal recycling facilities. It has five business segments: Americas Recycling, Americas Mills, Americas Fabrication, International Mill, and International Marketing and Distribution. The Americas Recycling segment processes scrap metals. The Americas Mills segment includes five steel minimills; two scrap metal shredders, and 10 scrap metal processing facilities. The Americas Fabrication segment consists of CMC’s steel fabrication facilities. The International Mill segment comprises CMC’s mill, recycling and fabrication operations located in Poland. International Marketing and Distribution segment includes international operations for the sales, distribution and processing of steel products, ferrous and nonferrous metals, and and other industrial products.
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