Commercial Metals (NYSE:CMC) gapped down prior to trading on Monday . The stock had previously closed at $14.98, but opened at $15.49. Commercial Metals shares last traded at $14.89, with a volume of 1167628 shares changing hands.

A number of research firms recently commented on CMC. ValuEngine upgraded Commercial Metals from a “strong sell” rating to a “sell” rating in a research report on Friday, March 22nd. Macquarie upgraded Commercial Metals from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $15.23 to $17.37 in a research report on Friday, March 22nd. Finally, Cowen restated a “market perform” rating and set a $18.50 price target (up from $17.00) on shares of Commercial Metals in a research report on Tuesday, April 9th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $20.23.

The stock has a market cap of $1.83 billion, a P/E ratio of 10.08, a price-to-earnings-growth ratio of 0.87 and a beta of 1.30. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.75 and a quick ratio of 1.60.

Commercial Metals (NYSE:CMC) last announced its quarterly earnings data on Thursday, March 21st. The basic materials company reported $0.29 EPS for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.04. The firm had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.46 billion. Commercial Metals had a return on equity of 12.49% and a net margin of 2.41%. The business’s quarterly revenue was up 33.1% compared to the same quarter last year. During the same period last year, the company earned $0.26 EPS. As a group, equities analysts expect that Commercial Metals will post 1.9 EPS for the current year.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Retirement Systems of Alabama boosted its position in Commercial Metals by 0.4% in the 1st quarter. Retirement Systems of Alabama now owns 153,126 shares of the basic materials company’s stock valued at $2,615,000 after buying an additional 617 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its position in Commercial Metals by 1.5% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 46,830 shares of the basic materials company’s stock valued at $800,000 after buying an additional 700 shares during the last quarter. Stratos Wealth Partners LTD. boosted its position in Commercial Metals by 1.4% in the 4th quarter. Stratos Wealth Partners LTD. now owns 58,610 shares of the basic materials company’s stock valued at $939,000 after buying an additional 800 shares during the last quarter. SignalPoint Asset Management LLC boosted its position in Commercial Metals by 3.5% in the 4th quarter. SignalPoint Asset Management LLC now owns 25,331 shares of the basic materials company’s stock valued at $406,000 after buying an additional 852 shares during the last quarter. Finally, Mason Street Advisors LLC boosted its position in Commercial Metals by 1.5% in the 1st quarter. Mason Street Advisors LLC now owns 62,553 shares of the basic materials company’s stock valued at $1,068,000 after buying an additional 938 shares during the last quarter. Hedge funds and other institutional investors own 88.90% of the company’s stock.

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About Commercial Metals (NYSE:CMC)

Commercial Metals Company manufactures, recycles, and markets steel and metal products, and related materials and services in the United States and internationally. It operates through four segments: Americas Recycling, Americas Mills, Americas Fabrication, and International Mill. 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.

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