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 most pessimistic analyst gave a price target of 14, which equates to a potential downside of -27.85 percent. It is advisable to not rely only on price targets or ratings, as these can be biased for some stocks.

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. Over the past 30 days, FY earnings estimates have also changed upwards by 1.1 percent. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 3.99 percent.

Another thing investors often look at is the level of agreement among analysts' revisions. 0 analysts made positive revisions to their quarterly estimates over the past month, while 2 analysts revised their estimates downwards. Also over the last month, 0 analysts increased their estimates for the FY earnings, compared to 1 analysts that revised their FY estimates downwards.

The growth rate of CMC's earnings is estimated by analysts to be 38.32 percent. Another measure frequently examined by investors is the PEG ratio. A lower PEG ratio is favorable, as that can indicate whether the high price level of a stock is warranted by high growth. Many investors consider PEG ratios between 0 and 1 as preferrable, although it is frequently more appropriate to compare PEG ratios to the company's peers. The PEG ratio of CMC is 0.78.

CMC has a 52-week high of 24.64 and a 52-week low of 14.58. Currently the stock is 33.09 percent higher than its low, and below the high by 21.25 percent. CMC has a price/earnings 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 stock has a market capitalization of $2.25 billion. CMC is estimated to release their earnings results for the quarter on 0000-00-00, days from today.