Commercial Metals Co (NYSE: CMC) has reported E.P.S. of $0.74 for its second fiscal quarter (ending February 28) versus $1.53 for the same period a year ago. For the latest four quarters through February 28, E.P.S. were $5.83 compared to $8.78 a year ago.
Recent Price Action
Commercial Metals Co (NYSE: CMC) stock closed at $59.00 on 3/21/24 after a very large increase of 5.3%. Moreover, exceptionally high trading volume at 298% of normal accompanied the advance. The stock has performed in line with the market over the last nine months and has risen 11.9% during the last week.
Current PriceTarget Research Rating
CMC’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a Value Builder.
Commercial Metals has a current Value Trend Rating of B (Positive). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Commercial Metals has a slightly positive Power Rating of 60 and a good Appreciation Score of 81, with the Positive Value Trend Rating the result.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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