Commercial Metals Company (CMC) Gets a Hold Rating from Seaport Global
Seaport Global analyst Derek Hernandez reiterated a Hold rating on Commercial Metals Company (CMC) yesterday. The company’s shares closed yesterday at $15.87, close to its 52-week low of $15.23.
According to TipRanks.com, Hernandez is ranked #3745 out of 5127 analysts.
Currently, the analyst consensus on Commercial Metals Company is a Moderate Buy with an average price target of $22.40, a 41.1% upside from current levels. In a report released yesterday, Macquarie also maintained a Hold rating on the stock with a $21 price target.
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Commercial Metals Company’s market cap is currently $1.86B and has a P/E ratio of 15.33. The company has a Price to Book ratio of 1.24.
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Commercial Metals Co. engages in the manufacture, recycling, and marketing of steel and metal products. It operates through the following segments: Americas Recycling, Americas Mills, Americas Fabrication, and International Mill. The Americas Recycling segment processes scrap metals for use as a raw material by manufacturers of new metal products.