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.

Investment analysts gave a few price targets for CMC. The most optimistic analyst gave a price target of 26, which equates to a potential upside of 33.99 percent. The minimum price target given was 14, implying potential capital losses of -27.85 percent. Many analysts are not unbiased in their coverage of stocks, including price targets and stock ratings, so care must be taken in interpreting numbers released by 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. 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. 0 analysts made positive revisions to their quarterly estimates over the past month, 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, while 1 analysts decreased their estimates.

CMC has an estimated earnings growth rate of 38.32 percent as forecasted by analysts. 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, even though it may be more relevant to compare the ratio to that of a firm's competitors. 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. Today's price is 33.09 percent above the 52-week 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 market cap of CMC is $2.25 billion. CMC will post this quarters earnings in days, on 0000-00-00.