Commercial Metals Company (NYSE:CMC) registered a 2.46% increase, still its new closing price is 65.58% up from the company’s 1 year high of 24.50.It posted -2.53% losses in previous 5 sessions and is now the subject of 7 analysts who together assign a hold rating on stock. 1 of Wall Street analysts have an underperform rating; the 1 sells versus 2 buy or better ratings. The 11 stock analysts following this company have an average price target at $20.60, with individual PT in the $16.00-$27.00 range. The shares moved at $20.82, implying that brokerage firms see shares gaining about 55.47% in twelve months time.
Commercial Metals Company (CMC) SEC Form 4 News
The stock is getting much attention these days as insiders are offloading shares while they posted a -3.86% fall year to date. A VP & Chief Accounting Officer at Commercial Metals Company (CMC) offloaded shares in a transaction closed on Wednesday January 25, 2017. HICKEY ADAM R sold 2,085 shares in the company at $20.85 each and collected $43,000 in proceeds. HICKEY ADAM R now owns 51,312 shares in the company after this transaction. A Director in the company, MASSARO ANTHONY A, disclosed a transaction on Friday November 11, 2016 that ended up generating $49,001 from the sale of 2,421 shares at $20.52 per share.
Commercial Metals Company (NYSE:CMC) Upcoming Results on Tap
Commercial Metals Company will next provide financial results for the November 2017 quarter. Stock analysts expect it to report per-share earnings of $0.26 in that period. Sales during the quarter are predicted to arrive at $1.21 billion.
Earnings surprise history: Last quarter, the company posted approximately $1.08 billion in revenue and EPS of $0.06. The mean forecast was for $1.11 billion and $0.16 a share, respectively. One quarter earlier, revenue for the stock was at $1.21 billion, with earnings at $0.22/share.
Commercial Metals Company (CMC) Brokerage Update
Commercial Metals Company (CMC) is in Citigroup’s research list so their analyst rating change is noteworthy. These shares were downgraded to Neutral from Buy by Citigroup, according to news reported on Thursday January 19, 2017.Another important research note was issued by Jefferies on Monday December 12, 2016.The firm downgraded CMC to Hold from Buy. Over the last six months and over the last three months, the shares of Commercial Metals Company (CMC), have changed 25.17% and 35.20%, respectively.