Zacks Investment Research upgraded Commercial Metals Company (NYSE:CMC) to Hold in a report released today.
- Updated: September 19, 2016
Zacks Investment Research has upgraded Commercial Metals Company(NYSE:CMC) to Hold in a statement released on 9/19/2016.
Having a price of $15.24, Commercial Metals Company (NYSE:CMC) traded 1.80% higher on the day. With the last stock price down 8.97% from the 200-day average, compared with the Standard & Poor’s 500 Index which has decreased -0.01% over the same time. Commercial Metals Company has recorded a 50-day average of $15.89 and 200-day average of $16.74. Trade volume was was down over the average, with 1,237,174 shares of CMC changing hands under the typical 1,480,410 shares.
Commercial Metals Company has a price-earnings of 14 with a 52 week low of $12.44 and a 52 week high of $18.50. CMC’s market cap is currently $0.0.
Also covering Commercial Metals Company’s target price, a total of 8 brokers have released a ratings update on the stock. The average target stock price is $16.56 with one firm rating the stock a strong buy, one firm rating the stock a buy, six firms rating the stock a hold, one brokerage rating the company to underperform, and finally one analystrating the company as sell.
General Company Details For 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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