Deutsche Bank AG Cuts Commercial Metals Company (CMC) Price Target to $26.00

Commercial Metals Company (NYSE:CMC) had its target price decreased by equities research analysts at Deutsche Bank AG to $26.00 in a research note issued on Tuesday. The firm currently has a “buy” rating on the stock. Deutsche Bank AG’s price target would suggest a potential upside of 43.25% from the stock’s previous close.

Several other equities analysts have also issued reports on the company. Zacks Investment Research upgraded Commercial Metals Company from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a research report on Friday, December 30th. Citigroup Inc lowered Commercial Metals Company from a “buy” rating to a “neutral” rating and set a $21.00 price target on the stock. in a research report on Thursday, January 19th. Clarkson Capital lowered Commercial Metals Company from a “neutral” rating to a “sell” rating in a research report on Thursday, March 2nd. Jefferies Group LLC lowered Commercial Metals Company from a “buy” rating to a “hold” rating and set a $24.00 price target on the stock. in a research report on Monday, December 12th. They noted that the move was a valuation call. Finally, Credit Suisse Group AG restated a “neutral” rating and set a $19.00 price target (up from $15.00) on shares of Commercial Metals Company in a research report on Friday, January 13th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $20.56.

Analyst Recommendations for Commercial Metals Company (NYSE:CMC)

Shares of Commercial Metals Company (NYSE:CMC) traded up 0.06% during trading on Tuesday, hitting $18.16. The stock had a trading volume of 343,741 shares. Commercial Metals Company has a 52 week low of $14.57 and a 52 week high of $24.64. The firm has a 50 day moving average price of $20.62 and a 200-day moving average price of $19.50. The stock has a market capitalization of $2.10 billion, a price-to-earnings ratio of 59.74 and a beta of 1.38.

Commercial Metals Company (NYSE:CMC) last posted its quarterly earnings results on Monday, January 9th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by $0.06. Commercial Metals Company had a return on equity of 6.77% and a net margin of 0.79%. The company had revenue of $1.08 billion for the quarter. During the same quarter last year, the firm posted $0.22 EPS. Commercial Metals Company’s revenue was down 6.9% compared to the same quarter last year. On average, equities research analysts forecast that Commercial Metals Company will post $0.82 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 20th. Stockholders of record on Wednesday, April 5th will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.64%. Commercial Metals Company’s dividend payout ratio is currently 154.84%.

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In other news, VP Adam R. Hickey sold 2,085 shares of Commercial Metals Company stock in a transaction that occurred on Wednesday, January 25th. The stock was sold at an average price of $20.85, for a total value of $43,472.25. Following the sale, the vice president now directly owns 30,835 shares in the company, valued at approximately $642,909.75. The sale was disclosed in a filing with the SEC, which is available through this link. 1.30% of the stock is currently owned by company insiders.

Several large investors have recently modified their holdings of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of Commercial Metals Company by 0.9% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 17,106 shares of the company’s stock worth $373,000 after buying an additional 151 shares in the last quarter. LS Investment Advisors LLC raised its stake in shares of Commercial Metals Company by 7.6% in the third quarter. LS Investment Advisors LLC now owns 7,379 shares of the company’s stock worth $119,000 after buying an additional 520 shares in the last quarter. Municipal Employees Retirement System of Michigan raised its stake in shares of Commercial Metals Company by 1.4% in the third quarter. Municipal Employees Retirement System of Michigan now owns 51,430 shares of the company’s stock worth $833,000 after buying an additional 720 shares in the last quarter. TD Asset Management Inc. raised its stake in shares of Commercial Metals Company by 5.5% in the third quarter. TD Asset Management Inc. now owns 17,935 shares of the company’s stock worth $290,000 after buying an additional 935 shares in the last quarter. Finally, Thrivent Financial for Lutherans raised its stake in shares of Commercial Metals Company by 9.9% in the fourth quarter. Thrivent Financial for Lutherans now owns 19,690 shares of the company’s stock worth $429,000 after buying an additional 1,770 shares in the last quarter. Hedge funds and other institutional investors own 88.74% of the company’s stock.

Commercial Metals Company Company Profile

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.

5 Day Chart for NYSE:CMC

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