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Commercial Metals (NYSE:CMC) has been downgraded from Buy to Neutral in a statement by BofA Merrill earlier today.

BofA Merrill has downgraded Commercial Metals (NYSE:CMC) from Buy to Neutral in a statement released on 6/08/2017.

On 5/25/2017, Jefferies & Co released a statement on Commercial Metals (NYSE:CMC) bumped up the target price from $0.00 to $19.00 that suggested an upside of 0.04%.

Boasting a price of $18.24, Commercial Metals (NYSE:CMC) traded 6.91% higher on the day. With the last close down 7.64% from the two hundred day average, compared with the S&P 500 Index which has increased 0.03% over the date range. Commercial Metals has recorded a 50-day average of $18.53 and a two hundred day average of $18.67. Volume of trade was up over the average, with 5,407,758 shares of CMC changing hands over the typical 1,947,610

Performance Chart

Commercial Metals (NYSE:CMC)

With a total market value of $0, Commercial Metals has price-earnings ratio of 31.07 with a one year low of $15.08 and a one year high of $24.64 .

A total of 8 equity analysts have released a ratings update on CMC. One equity analyst rating the company a strong buy, one brokerage rating the company a buy, six brokerages rating the company a hold, one brokerage rating the company a underperform, and finally one analyst rating the company a sell with a 12-month price target of $16.56.

More About Commercial Metals (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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