Commercial Metals Company with ticker code (CMC) now have 7 market analysts covering the stock. The analyst consensus now points to a rating of ‘Buy’. The target price High/Low ranges between 76 and 39 and has a mean target at $57.29. Now with the previous closing price of $46.72 this would indicate that there is a potential upside of 22.6%. There is a 50 day moving average of $51.10 and the 200 moving average now moves to $45.08. The total market capitalization for the company now stands at $5,575m. Find out more information at: https://www.cmc.com
The potential market cap would be $6,836m based on the market consensus.
Commercial Metals Company manufactures, recycles, and fabricates steel and metal products, and related materials and services in the United States, Poland, China, and internationally. The company processes and sells ferrous and nonferrous scrap metals to steel mills and foundries, aluminum sheet and ingot manufacturers, brass and bronze ingot makers, copper refineries and mills, secondary lead smelters, specialty steel mills, high temperature alloy manufacturers, and other consumers. It also manufactures and sells finished long steel products, including reinforcing bar, merchant bar, light structural, and other special sections, as well as semi-finished billets for rerolling and forging applications. In addition, the company provides fabricated steel products used to reinforce concrete primarily in the construction of commercial and non-commercial buildings, hospitals, convention centers, industrial plants, power plants, highways, bridges, arenas, stadiums, and dams; sells and rents construction-related products and equipment to concrete installers and other businesses; and manufactures and sells strength bars for the truck trailer industry, special bar steels for the energy market, and armor plates for military vehicles. Further, it manufactures rebars, merchant bars, and wire rods; and sells fabricated rebars, wire meshes, fabricated meshes, assembled rebar cages, and other fabricated rebar by-products to fabricators, manufacturers, distributors, and construction companies. The company was founded in 1915 and is headquartered in Irving, Texas.
The company has a dividend yield of 1.34% with the ex dividend date set at 31-3-2023 (DMY).
Other points of data to note are a P/E ratio of 5.51, revenue per share of 77.29 and a 14.39% return on assets.
