Commercial Metals (NYSE:CMC) Issues Quarterly Earnings Results

Lloyd Doyle
January 13, 2018

We have $24.18 PT which if reached, will make NYSE:CMC worth $117.52M less. Fundamental analysts often use financial ratios to help understand company information.

The stock decreased 0.95% or $0.24 during the last trading session, reaching $25.04. Volume in the last session has decreased compared with CMC's average trading volume. Paychex, Inc. (NASDAQ:PAYX) has risen 11.22% since January 10, 2017 and is uptrending. It has underperformed by 3.28% the S&P500.

Jhl Capital Group Llc increased Commercial Metals Co (CMC) stake by 29.03% reported in 2017Q3 SEC filing. The returns on assets of firm also presenting perceptible condition of profitability, it has ROA of 2.40%, the very positive ratio starts from +15% and very negative hits to -15%. The Jhl Capital Group Llc holds 400,000 shares with $7.61 million value, up from 310,000 last quarter. Ameritas Investment Partners Inc. increased its position in Commercial Metals by 65.9% in the third quarter. About 33,960 shares traded.

DIMENSIONAL FUND ADVISORS LP raised its stake in Commercial Metals Company (NYSE:CMC) by.23% during the September 2017 quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. It has underperformed by 5.91% the S&P500.

Investors sentiment is 0.98 in 2017 Q3. Its the same as in 2017Q2. It is the same, as 24 investors sold CMC shares while 61 reduced holdings. only 27 funds opened positions while 56 raised stakes. 147.38 million shares or 2.64% less from 151.38 million shares in 2017Q2 were reported. 14,180 are held by Ing Groep Nv. Raymond James & accumulated 20,642 shares. Legal General Gp Public Ltd Com holds 0% or 204,848 shares. 5,853 were reported by Zurcher Kantonalbank (Zurich Cantonalbank).

Commercial Metals Company (CMC) has the market capitalization of $2.93 Billion. For Commercial Metals Company (NYSE:CMC), Stochastic %D value stayed at 90.50% for the last 9 days. 100.74 million shares or 2.15% less from 102.95 million shares in 2017Q2 were reported. The stock of Commercial Metals Company (NYSE:CMC) earned "Neutral" rating by Citigroup on Monday, August 22. Gsa Ptnrs Ltd Liability Partnership owns 15,521 shares for 0.02% of their portfolio. Wells Fargo Mn reported 263,496 shares. Investors of record on Tuesday, January 16th will be issued a dividend of $0.12 per share.


Among 12 analysts covering Commercial Metals (NYSE:CMC), 7 have Buy rating, 3 Sell and 2 Hold. Therefore 58% are positive. Citigroup upgraded the stock to "Buy" rating in Wednesday, November 9 report. On Monday, November 9 the stock rating was maintained by Compass Point with "Buy". The average twelve-month price target among analysts that have updated their coverage on the stock in the past year is $21.00. JP Morgan maintained the stock with "Neutral" rating in Wednesday, December 30 report. So far, analysts are sticking with their bearish recommendations with the consensus call at 3. (NASDAQ:PAYX) rating on Wednesday, October 4. The company was downgraded on Monday, March 21 by Jefferies. The firm has "Underperform" rating by Bank of America given on Thursday, June 2. The firm has a market cap of $3,010.00, a P/E ratio of 47.81 and a beta of 1.26.

Price-to-Earnings Ratio is the current share price divided by annual earnings per share. The business had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.18 billion. The RSI was created by J. Welles Wilder who was striving to measure whether or not a stock was overbought or oversold. The insider Vossler Jennifer R. sold $703,546. 7,487 shares were sold by Kranich Robin B, worth $899,003. Parsley Energy Inc had 112 analyst reports since July 21, 2015 according to SRatingsIntel. As per Tuesday, November 10, the company rating was initiated by Cantor Fitzgerald. The company was upgraded on Friday, December 16 by Goldman Sachs. The firm has "Neutral" rating by Credit Suisse given on Monday, March 28. With 1.18M avg volume, 4 days are for Olin Corporation (NYSE:OLN)'s short sellers to cover OLN's short positions. The stock has "Buy" rating by RBC Capital Markets on Tuesday, September 5.

Investors sentiment increased to 2.71 in 2017 Q3. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.86%.

Deep diving into the technical levels for Grubhub Inc (GRUB), we note that the equity now has a 14-day Commodity Channel Index (CCI) of -55.74. X Mgmt Lc accumulated 0% or 807 shares. (NYSE:IT) or 388,651 shares. Invesco holds 0% of its portfolio in MFS Municipal Income Trust (NYSE:MFM) for 547,704 shares. Manufacturers Life Insur Communications The reported 253,173 shares. California-based First Republic Mngmt Inc has invested 0% in Olin Corporation (NYSE:OLN). (NYSE:IT) for 467,729 shares. Tci Wealth Advsrs stated it has 89 shares or 0% of all its holdings. Rwc Asset Mgmt Llp owns 235,166 shares. Guggenheim Capital Limited invested 0.15% in Gartner, Inc.

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