Analyst Ratings for Commercial Metals Co. (CMC)

Updated: 2017-07-27

Commercial Metals Co. (NYSE:CMC) was awarded an average rating of Hold from investment analysts following the stock. About 30 days ago, CMC was issued an average rating of Hold.

A buy rating was issued by 3 analysts, 1 issued an overweight rating, 6 issued a hold rating, 0 issued an underweight rating, and 1 gave a sell rating. Over the past 90 days, the number of analysts that are bullish on the stock has increased by 0. Over the same time period, there has been an increase of 0 in the number of analysts with a negative outlook on the stock.

CMC was given price targets by several analysts. The most optimistic analyst gave a price target of 26, implying a possible profit of 33.99 percent. The lowest price target was 14, implying a possible loss of -27.85 percent. One must be careful with overanalyzing price targets and ratings due to possible conflicts of interest among the analysts releasing them.

In the last 30 days, analysts have changed their quarterly earnings estimates downwards by an average of -5.01 percent. This can be compared with the average change in earnings estimates over the past 3 months, which is -4.67 percent. Meanwhile, fiscal year estimates have been revised upwards by 1.1 percent, compared to last month. If we look at the last 90 days instead, we find a net average change of 3.99 percent in FY estimates.

People are often interested in whether analysts were united in the direction of their revisions. 0 analysts have revised their quarterly estimates upwards in the past 30 days, while 2 analysts revised their estimates downwards. Over the same time period, 0 analysts revised their FY earnings estimates upwards, compared to 1 analysts that revised their FY estimates downwards.

CMC has an estimated earnings growth rate of 38.32 percent as forecasted by analysts. People on Wall Street often look at a company's PEG ratio. A lower PEG ratio is favorable, because that is often interpreted as the company being fairly priced relative to its growth rate. PEG ratios below 1 are often considered desirable, although it is frequently more appropriate to compare PEG ratios to the company's peers. The PEG ratio of CMC is 0.78.

In the trailing 52-weeks, CMC hit 24.64 at the highest peak, while it's lowest trading point was 14.58. Currently the stock is 33.09 percent higher than its low, and below the high by 21.25 percent. CMC has a P/E ratio of 30.03. Investors typically compare the P/E ratio to a company's peers in the industry. The CMC value stock report compares CMC to some of its peers using value stock charts. The market cap of CMC is $2.25 billion. CMC's next earnings release will be on 0000-00-00, which is days away.