Commercial Metals Co (NYSE: CMC) has reported E.P.S. of $1.03 for its third fiscal quarter (ending May 31) versus $2.00 for the same period a year ago. E.P.S. were $4.86 for the latest four quarters through May 31 versus $8.19 for the same period a year ago.
Recent Price Action
Commercial Metals Co (NYSE: CMC) stock closed at $52.67 on 6/20/24 after a large increase of 3.8%. Moreover, trading volume in this advance was exceptionally high at 227% of normal. The stock has risen 2.3% during the last week and has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
CMC is expected to continue to be a Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
Commercial Metals has a current Value Trend Rating of A (Highest Rating). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Commercial Metals has a slightly positive Power Rating of 68 and a good Appreciation Score of 84, leading to the Highest Value Trend Rating.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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