BMO Capital Reaffirms Their Hold Rating on Commercial Metals Company (CMC)

BMO Capital analyst Katja Jancic maintained a Hold rating on Commercial Metals Company yesterday and set a price target of $70.00. The company’s shares closed yesterday at $58.28.

Claim 30% Off TipRanks Premium

• Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
• Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential

Jancic covers the Basic Materials sector, focusing on stocks such as Nucor, Alcoa, and Commercial Metals Company. According to TipRanks, Jancic has an average return of 28.1% and a 73.74% success rate on recommended stocks.

In addition to BMO Capital, Commercial Metals Company also received a Hold from TipRanks – Anthropic’s Anthropic Steel in a report issued on March 26. However, yesterday, Wells Fargo maintained a Buy rating on Commercial Metals Company (NYSE: CMC).

Based on Commercial Metals Company’s latest earnings release for the quarter ending February 28, the company reported a quarterly revenue of $2.13 billion and a net profit of $93.03 million. In comparison, last year the company earned a revenue of $1.75 billion and had a net profit of $25.47 million

Based on the recent corporate insider activity of 68 insiders, corporate insider sentiment is neutral on the stock. Last month, JENNIFER J DURBIN, the Fmr. Chief HR & Comm. Officer of CMC sold 25,050.00 shares for a total of $2,003,248.50.