Commercial Metals (NYSE:CMC – Get Free Report) hit a new 52-week low on Monday after Morgan Stanley lowered their price target on the stock from $56.00 to $53.00. Morgan Stanley currently has an equal weight rating on the stock. Commercial Metals traded as low as $43.37 and last traded at $43.47, with a volume of 277378 shares trading hands. The stock had previously closed at $45.86.
Several other equities research analysts have also recently commented on the stock. UBS Group upgraded shares of Commercial Metals from a “sell” rating to a “neutral” rating and dropped their price target for the stock from $56.00 to $54.00 in a research report on Friday, January 10th. BNP Paribas downgraded Commercial Metals from an “outperform” rating to a “neutral” rating in a report on Friday, January 3rd. The Goldman Sachs Group began coverage on shares of Commercial Metals in a research note on Monday, December 2nd. They issued a “buy” rating and a $75.00 price objective on the stock. Jefferies Financial Group dropped their target price on Commercial Metals from $65.00 to $62.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. Finally, BMO Capital Markets dropped their target price on Commercial Metals from $62.00 to $58.00 and set a “market perform” rating on the stock in a research report on Friday, January 3rd. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $61.83.
Get Our Latest Stock Analysis on CMC
Institutional Trading of Commercial Metals
Commercial Metals Price Performance
The company has a 50 day moving average price of $49.37 and a 200 day moving average price of $53.20. The company has a market capitalization of $4.91 billion, a price-to-earnings ratio of 38.95, a PEG ratio of 2.62 and a beta of 1.17. The company has a current ratio of 2.76, a quick ratio of 1.94 and a debt-to-equity ratio of 0.29.
Commercial Metals (NYSE:CMC – Get Free Report) last released its earnings results on Monday, January 6th. The basic materials company reported $0.78 EPS for the quarter, meeting the consensus estimate of $0.78. Commercial Metals had a return on equity of 9.88% and a net margin of 1.70%. The company had revenue of $1.91 billion during the quarter, compared to analysts’ expectations of $1.85 billion. During the same period last year, the firm earned $1.49 EPS. The business’s revenue for the quarter was down 4.7% on a year-over-year basis. As a group, equities research analysts forecast that Commercial Metals will post 3.09 earnings per share for the current year.
Commercial Metals Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 30th. Investors of record on Thursday, January 16th were paid a dividend of $0.18 per share. The ex-dividend date was Thursday, January 16th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.67%. Commercial Metals’s dividend payout ratio (DPR) is presently 64.86%.
About Commercial Metals
Commercial Metals Company manufactures, recycles, and fabricates steel and metal products, and related materials and services in the United States, Poland, China, and internationally. It operates through two segments, North America and Europe. The company processes and sells ferrous and nonferrous scrap metals to steel mills and foundries, aluminum sheet and ingot manufacturers, brass and bronze ingot makers, copper refineries and mills, secondary lead smelters, specialty steel mills, high temperature alloy manufacturers, and other consumers.
See Also
- Five stocks we like better than Commercial Metals
- Market Cap Calculator: How to Calculate Market Cap
- How to Protect Your Portfolio When Inflation Is Rising
- Using the MarketBeat Dividend Yield Calculator
- 3 Tech Stocks Defying Sector Weakness and Thriving in 2025
- Growth Stocks: What They Are, Examples and How to Invest
- Despite Challenges Novo Nordisk Plans to Crush GLP-1 Competitors
Receive News & Ratings for Commercial Metals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Commercial Metals and related companies with MarketBeat.com's FREE daily email newsletter.