Are Analysts Bullish about Commercial Metals Company (NYSE:CMC) after last week?

April 22, 2018 - By Linda Rogers

Commercial Metals Company (NYSE:CMC) LogoInvestors sentiment increased to 1.44 in Q4 2017. Its up 0.46, from 0.98 in 2017Q3. It is positive, as 14 investors sold Commercial Metals Company shares while 61 reduced holdings. 41 funds opened positions while 67 raised stakes. 99.73 million shares or 1.00% less from 100.74 million shares in 2017Q3 were reported.
Voloridge Invest Mngmt Limited Liability Corp holds 29,834 shares. Whittier Trust owns 2,250 shares. Highline Cap L P holds 3.02% or 4.28M shares. 594,271 are held by Palisade Capital Nj. Td Asset Mgmt Incorporated reported 0% of its portfolio in Commercial Metals Company (NYSE:CMC). Hancock Hldgs holds 0.36% or 403,650 shares in its portfolio. Moreover, Jefferies Gp Limited Liability Corp has 0% invested in Commercial Metals Company (NYSE:CMC). Old Mutual Customised Solutions (Proprietary) reported 0.02% in Commercial Metals Company (NYSE:CMC). California State Teachers Retirement System reported 191,185 shares. Moreover, Aqr Cap Mngmt Lc has 0.01% invested in Commercial Metals Company (NYSE:CMC) for 380,911 shares. Adage Group Incorporated Ltd Liability holds 0.05% of its portfolio in Commercial Metals Company (NYSE:CMC) for 1.00M shares. Employees Retirement Systems Of Texas, a Texas-based fund reported 208,000 shares. The Switzerland-based Credit Suisse Ag has invested 0% in Commercial Metals Company (NYSE:CMC). Teacher Retirement Of Texas has 0.01% invested in Commercial Metals Company (NYSE:CMC) for 39,245 shares. Macquarie Gru Ltd owns 600 shares.

Since January 16, 2018, it had 0 buys, and 3 selling transactions for $1.54 million activity. Another trade for 20,000 shares valued at $517,000 was made by HICKEY ADAM R on Thursday, March 1.

Commercial Metals Company (NYSE:CMC) Ratings Coverage

Among 8 analysts covering Commercial Metals (NYSE:CMC), 5 have Buy rating, 1 Sell and 2 Hold. Therefore 63% are positive. Commercial Metals had 11 analyst reports since October 30, 2017 according to SRatingsIntel. On Thursday, December 7 the stock rating was upgraded by Bank of America to “Buy”. The firm has “Buy” rating given on Tuesday, January 9 by Jefferies. The rating was maintained by Deutsche Bank with “Buy” on Thursday, March 29. The rating was downgraded by Citigroup to “Neutral” on Tuesday, April 3. Bank of America downgraded the stock to “Hold” rating in Wednesday, March 14 report. JP Morgan upgraded the stock to “Overweight” rating in Friday, March 9 report. The firm has “Buy” rating given on Thursday, March 22 by Jefferies. Jefferies maintained Commercial Metals Company (NYSE:CMC) on Monday, October 30 with “Buy” rating. J.P. Morgan upgraded it to “Buy” rating and $30.0 target in Friday, March 9 report. Below is a list of Commercial Metals Company (NYSE:CMC) latest ratings and price target changes.

06/04/2018 Broker: Longbow Rating: Buy New Target: $27 Initiates Coverage On
03/04/2018 Broker: Citigroup Old Rating: Buy New Rating: Neutral Old Target: $21 Downgrade
29/03/2018 Broker: Deutsche Bank Old Rating: Buy New Rating: Buy Old Target: $27 New Target: $26 Maintain
22/03/2018 Broker: Jefferies Rating: Buy New Target: $28.0000 Maintain
20/03/2018 Broker: Goldman Sachs Rating: Sell New Target: $25 Initiates Coverage On
14/03/2018 Broker: Bank of America Rating: Hold Downgrade
09/03/2018 Broker: JP Morgan Old Rating: Neutral New Rating: Overweight Upgrade
09/03/2018 Broker: J.P. Morgan Rating: Buy New Target: $30.0 Upgrade
09/01/2018 Broker: Jefferies Rating: Buy New Target: $29.0 Maintain
07/12/2017 Broker: Bank of America Rating: Buy New Target: $24.0 Upgrade

The stock decreased 1.19% or $0.26 during the last trading session, reaching $21.58. About 1.33 million shares traded. Commercial Metals Company (NYSE:CMC) has risen 12.07% since April 22, 2017 and is uptrending. It has outperformed by 0.52% the S&P500.

Commercial Metals Company manufactures, recycles, and markets steel and metal products, and related materials and services in the United States and internationally. The company has market cap of $2.53 billion. It operates through five divisions: Americas Recycling, Americas Mills, Americas Fabrication, International Mill, and International Marketing and Distribution. It has a 46.31 P/E ratio. The Americas Recycling segment processes and sells scrap metals to steel mills and foundries, aluminum sheet and ingot manufacturers, brass and bronze ingot makers, copper refineries and mills, secondary lead smelters, specialty steel mills, high temperature alloy manufacturers, and other consumers.

Commercial Metals Company (NYSE:CMC) Institutional Positions Chart

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