Citigroup Maintains Neutral on Commercial Metals, Raises Price Target to $44
Citigroup analyst Alexander Hacking maintains Commercial Metals (NYSE:CMC) with a Neutral and raises the price target from $42 to $44.
BMO Capital Maintains Market Perform on Commercial Metals, Raises Price Target to $43
BMO Capital analyst David Gagliano maintains Commercial Metals (NYSE:CMC) with a Market Perform and raises the price target from $37 to $43.
UPDATE: Commercial Metals Q4 Adj. EPS $2.45 Beats $2.23 Estimate
Commercial Metals (NYSE:CMC) reported quarterly earnings of $2.45 per share which beat the analyst consensus estimate of $2.23 by 9.87 percent. This is a 94.44 percent increase over earnings of $1.26 per share from the
Goldman Sachs Maintains Neutral on Commercial Metals, Lowers Price Target to $37
Goldman Sachs analyst Emily Chieng maintains Commercial Metals (NYSE:CMC) with a Neutral and lowers the price target from $41 to $37.
Overview Of Value Stocks In The Basic Materials Sector
The Meaning Behind Value Stocks
A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock.
Commercial Metals Company Acquires Advanced Steel Recovery, Terms Not Disclosed
Commercial Metals Company (NYSE:CMC) ("CMC") today announced that as part of its strategic expansion in the Western U.S. it has acquired Advanced Steel Recovery, LLC (ASR), a leading supplier of recycled