News headlines about Commercial Metals (NYSE:CMC) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research group scores the sentiment of press coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Commercial Metals earned a news impact score of 0.12 on Accern’s scale. Accern also gave news articles about the basic materials company an impact score of 46.2396158445934 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the news articles that may have impacted Accern Sentiment Analysis’s rankings:
Commercial Metals (CMC) traded up 0.21% on Thursday, reaching $19.17. The company’s stock had a trading volume of 39,028 shares. Commercial Metals has a 1-year low of $15.08 and a 1-year high of $24.64. The company has a market capitalization of $2.22 billion, a price-to-earnings ratio of 29.63 and a beta of 1.22. The stock has a 50 day moving average price of $18.29 and a 200-day moving average price of $18.65.
Several research analysts have commented on the company. Citigroup Inc. raised Commercial Metals from a “neutral” rating to a “buy” rating and raised their price objective for the company from $21.00 to $22.00 in a research report on Tuesday, June 13th. Clarkson Capital reissued a “sell” rating and issued a $16.00 price objective on shares of Commercial Metals in a research report on Tuesday, August 15th. BidaskClub lowered Commercial Metals from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. Bank of America Corporation reissued a “neutral” rating and issued a $21.00 price objective (up from $20.00) on shares of Commercial Metals in a research report on Tuesday, September 5th. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $19.00 price objective on shares of Commercial Metals in a research report on Wednesday, June 28th. Four analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. Commercial Metals has an average rating of “Hold” and an average price target of $20.63.
COPYRIGHT VIOLATION NOTICE: “Somewhat Positive News Coverage Somewhat Unlikely to Impact Commercial Metals (CMC) Stock Price” was first reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this piece on another website, it was stolen and reposted in violation of U.S. & international copyright and trademark law. The correct version of this piece can be read at https://www.dispatchtribunal.com/2017/10/05/somewhat-positive-news-coverage-somewhat-unlikely-to-impact-commercial-metals-cmc-stock-price.html.
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.
Receive News & Ratings for Commercial Metals Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Commercial Metals Company and related companies with MarketBeat.com's FREE daily email newsletter.