Press coverage about Commercial Metals (NYSE:CMC) has trended somewhat positive on Wednesday, Accern Sentiment Analysis reports. Accern identifies positive and negative media coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Commercial Metals earned a coverage optimism score of 0.08 on Accern’s scale. Accern also assigned headlines about the basic materials company an impact score of 46.1606306522437 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the news articles that may have impacted Accern Sentiment’s analysis:
- $0.23 Earnings Per Share Expected for Commercial Metals Company (CMC) This Quarter (americanbankingnews.com)
- Top Analyst Stays Very Bullish on Steel Stocks: 5 to Buy Now (247wallst.com)
- Contrasting Mechel PAO (MTL) & Commercial Metals (CMC) (americanbankingnews.com)
- District 3 hopefuls discuss ideas at forum – Seguin Gazette-Enterprise (seguingazette.com)
- Head to Head Comparison: Commercial Metals (CMC) & Nucor Corporation (NUE) (americanbankingnews.com)
Commercial Metals (NYSE CMC) opened at 19.66 on Wednesday. The stock has a market capitalization of $2.28 billion, a P/E ratio of 30.39 and a beta of 1.22. Commercial Metals has a 12-month low of $15.08 and a 12-month high of $24.64. The firm’s 50-day moving average is $18.45 and its 200 day moving average is $18.66.
Several analysts recently commented on CMC shares. Macquarie started coverage on shares of Commercial Metals in a research report on Wednesday, September 6th. They set an “underperform” rating and a $16.00 price target on the stock. Bank of America Corporation restated a “neutral” rating and set a $20.00 price target (up previously from $19.00) on shares of Commercial Metals in a research report on Sunday, June 25th. Zacks Investment Research lowered shares of Commercial Metals from a “hold” rating to a “strong sell” rating in a research report on Monday, September 4th. Jefferies Group LLC restated a “hold” rating and set a $19.00 price target on shares of Commercial Metals in a research report on Wednesday, June 28th. Finally, BidaskClub upgraded shares of Commercial Metals from a “sell” rating to a “hold” rating in a research report on Wednesday, June 14th. Four analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $20.63.
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Commercial Metals Company Profile
Commercial Metals Company, together with its subsidiaries, manufactures, recycles and markets steel and metal products, related materials and services through a network. The Company’s Americas Recycling segment processes scrap metals for use as a raw material by manufacturers of new metal products. The Americas Mills segment consists of steel mills, commonly referred to as minimills that produce reinforcing bar (rebar), angles, flats and rounds.
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