Do analysts think you should hold?

Wall Street is positive on Commercial Metals Company (CMC). On average, analysts give the stock a Strong Buy rating. The average price target is $41.2, which means analysts expect the stock to rise 5.16% over the next twelve months. This average ranking gives the stock an analyst rating of 52, which is better than 52% of stocks based on data compiled by InvestorsObserver.

Wall Street analysts today rate CMC as a Strong Buy. Find out what this means to you and get the rest of the leaderboard on CMC!

Why are analyst ratings important?

A company’s financial statements are an important factor weighted by experts when analyzing a company’s health. Beyond the numbers, analysts follow specific industries closely and are able to gain a detailed understanding of how a storm in one part of the world can shut down supply chains, causing consumption to change at worldwide. This knowledge allows investors to react to potential market changes before they are revealed in a quarterly announcement.

InvestorsObserver averages the ratings of all these analysts and ranks these averages into percentiles. This allows you to compare stocks in more detail than the usual five-level system used by the majority of investors.

What’s going on with Commercial Metals Company stock today?

Commercial Metals Company (CMC) stock is trading at $39.18 at 1:05 p.m. on Monday, March 7, down -$0.56, or -1.41% from the previous closing price of $39.74. The stock has traded between $38.77 and $40.56 so far today. Volume today is 912,793 compared to an average volume of 1,142,714. Click here for the full Commercial Metals Company stock report.

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