Important negative changes in fundamentals have recently occurred for Commercial Metals Co (NYSE: CMC): the stock’s power rating fell below 50, significant quarterly earnings deceleration occurred, and significant quarterly sales deceleration occurred.
Commercial Metals Co (NYSE: CMC) has recently experienced significant negative changes in investment behavior: the stock fell on very heavy volume.
In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
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 C (High Neutral). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Commercial Metals has a good Appreciation Score of 84 but a neutral Power Rating of 42, leading to the High Neutral Value Trend Rating.
Recent Price Action
Commercial Metals Co (NYSE: CMC) stock closed at $53.27 on 9/20/24 after a decline of -2.2%. Moreover, trading volume in this decline was exceptionally high at 285% of normal. The stock has risen 7.3% during the last week and has performed in line with the market over the last nine months.
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