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.

A number of analysts gave price targets for CMC. The most optimistic analyst gave a price target of 26, implying potential capital gains of 33.99 percent. The most pessimistic analyst gave a price target of 14, implying potential capital losses of -27.85 percent. Note that investment analysts can be biased in their reporting on companies's ratings and price targets.

Analysts have revised their earnings estimates downwards for this quarter, by about -5.01 percent on average, compared to last month. The average change in earnings estimates over the last 90 days is -4.67 percent. Over the past 30 days, FY earnings estimates have also changed upwards by 1.1 percent. 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. Over the past month, 0 analysts increased their quarterly estimates, which can be compared to the 2 analysts that decreased their estimates. During this time, 0 analysts made positive revisions in their estimates for this fiscal year's earnings, 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. Smaller PEG ratios are desirable, because people typically see that as an indicator of higher growth relative to stock price. 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. CMC has a PEG ratio of 0.78.

CMC has traded between a high of 24.64 and a low of 14.58 over the past year. Currently the stock is 33.09 percent higher than its low, and 21.25 percent lower than its 52-week high. 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 stock has a market capitalization of $2.25 billion. CMC's next earnings release will be on 0000-00-00, which is days away.