News stories about Commercial Metals (NYSE:CMC) have trended somewhat positive on Thursday, according to Accern Sentiment. The research firm ranks the sentiment of media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Commercial Metals earned a coverage optimism score of 0.09 on Accern’s scale. Accern also assigned news coverage about the basic materials company an impact score of 46.8845615266828 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the media stories that may have impacted Accern Sentiment Analysis’s scoring:
A number of research firms recently commented on CMC. Jefferies Group raised shares of Commercial Metals from a “hold” rating to a “buy” rating in a research report on Tuesday, October 17th. Citigroup lowered their price target on shares of Commercial Metals from $22.00 to $21.00 and set a “buy” rating on the stock in a research report on Friday, September 15th. Bank of America raised shares of Commercial Metals from a “neutral” rating to a “buy” rating and raised their target price for the company from $21.00 to $24.00 in a report on Thursday. Zacks Investment Research lowered shares of Commercial Metals from a “buy” rating to a “hold” rating in a report on Friday, October 27th. Finally, Clarkson Capital reissued a “sell” rating and issued a $16.00 target price on shares of Commercial Metals in a report on Tuesday, August 15th. Three analysts have rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company’s stock. Commercial Metals currently has a consensus rating of “Hold” and a consensus target price of $21.88.
Commercial Metals (NYSE:CMC) traded up $0.75 during trading hours on Thursday, reaching $20.77. 2,677,340 shares of the company traded hands, compared to its average volume of 2,053,254. The company has a current ratio of 2.82, a quick ratio of 1.81 and a debt-to-equity ratio of 0.58. Commercial Metals has a twelve month low of $17.05 and a twelve month high of $24.64. The firm has a market cap of $2,271.96, a P/E ratio of 25.63, a PEG ratio of 0.73 and a beta of 1.26.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 22nd. Investors of record on Wednesday, November 8th were given a dividend of $0.12 per share. The ex-dividend date was Tuesday, November 7th. This represents a $0.48 annualized dividend and a yield of 2.31%. Commercial Metals’s dividend payout ratio is presently 120.00%.
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About Commercial Metals
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.
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