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.

Many analysts weighed in on price targets for CMC. The highest price target was 26, implying potential capital gains of 33.99 percent. The minimum price target given was 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. On the other hand, earnings estimates for the fiscal year have been revised upwards by 1.1 percent, as compared to a month ago. 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 have revised their quarterly estimates upwards in the past 30 days, while 2 analysts made negative revisions. Over the same time period, 0 analysts revised their FY earnings estimates upwards, while 1 analysts made negative revisions to their fiscal year's 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. Smaller PEG ratios are desirable, because that is often interpreted as the company being fairly priced relative to its growth rate. People often look for the PEG ratio to be under 1, 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.

In the last 52-weeks, CMC has achieved a high of 24.64 and a low of 14.58. Currently the stock is 33.09 percent higher than its low, and 21.25 percent below the 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's next earnings release will be on 0000-00-00, which is days away.