InvestorsObserver is giving Commercial Metals Company (CMC) an Analyst Rating Rank of 39, meaning CMC is ranked higher by analysts than 39% of stocks. The average projection by analysts for CMC is $20 over the next 12 months and analyst’s classify the stock as a Buy
Why are Analyst Ratings Important?
Though analyst projections should not be your only resource when determining your position on a stock, it can be a very useful tool. Analysts follow sectors/industries in-depth and tend to know how local and global conditions tend to affect demand and prices. Many analysts even participate in conference calls where they can get information to better make sense of the numbers.
InvestorsObserver averages the ratings provided by analysts and then ranks their score as a percent against the market. This allows you to compare stocks in a more comprehensive fashion than with the typical buy/sell/hold ranking.
What's Happening With Commercial Metals Company Stock Today?
Commercial Metals Company (CMC) stock is up 2.41% while the S&P 500 has fallen -2.8% as of 10:23 AM on Wednesday, Apr 1. CMC has gained $0.38 from the previous closing price of $15.79 on volume of 464,022 shares. Over the past year the S&P 500 is down -12.39% while CMC has fallen -6.91%. CMC earned $2.60 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 6.21.
