Analyst Revises Commercial Metals Company (NYSE:CMC) Stock Target


Commercial Metals Company (NYSE:CMC) mean price target has been set at $16.560 by Thomson Reuters. The group worked out on the stock recommendations given by analysts in the First Call poll. Further, it is possible that the company may register per share earnings of $0.260 in the near-term quarter and $0.980 for the ongoing fiscal. The market cap of Commercial Metals Company Commo was recorded at $1.83B after the stock closed at $16.390 in last trading day.

What The Valuation Says?

The price/earnings ratio is taken in the list of ratios that leads to a stock’s valuation. Commonly named as P/E ratio, it helps investors know where the company stands in the market. It is derived by dividing share’s latest price by per-share earnings. Commercial Metals Company (NYSE:CMC) has a P/E ratio of 14.528. Investors can identify how the stock is doing in the market by estimating Price-to-Earnings Growth ratio.

Commercial Metals Company (NYSE:CMC) PEG ratio sits at 0.640. A low PEG ratio offers an investment opportunity to the opportunistic traders and investors. In case a stock has a reading in between 0 and 1, it represents undervalued stock. A reading of 1 and 2 represents fairly priced stocks.

Technical Perspective

The technical analysis of Commercial Metals Company Commo visibly illustrates that the 50-day MA of Commercial Metals Company Commo is $16.705, and stock is trading $-0.710 points away or -4.251% from its 50-day moving average of $16.705. Further it is trading $-0.395 or -2.408% away its 200-day moving average of $16.390. Commercial Metals Company (NYSE:CMC) 52-week high is $18.500 and the 52-week low is $12.440. This represents that if the stock moves $-2.505 points up on the chart to it will make a 52-week high. But, if it declines +28.577%, then the shares price can hit a new 52-week low.

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