Roth MKM upgrades Commercial Metals Company (CMC) to a Buy
Roth MKM analyst upgraded Commercial Metals Company to a Buy today and set a price target of $78.00.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
In addition to Roth MKM, Commercial Metals Company also received a Buy from Jefferies’s Chris LaFemina in a report issued today. However, on December 7, TR | OpenAI – 4o reiterated a Hold rating on Commercial Metals Company (NYSE: CMC).
Based on Commercial Metals Company’s latest earnings release for the quarter ending August 31, the company reported a quarterly revenue of $2.11 billion and a net profit of $151.78 million. In comparison, last year the company earned a revenue of $2 billion and had a net profit of $103.93 million
Based on the recent corporate insider activity of 65 insiders, corporate insider sentiment is neutral on the stock. Last month, Brian N. Halloran, the SVP, N. America Steel Group of CMC sold 6,232.00 shares for a total of $373,109.84.
Read More on CMC:
Disclaimer & DisclosureReport an Issue
- Commercial Metals upgraded to Buy at Jefferies following underperformance
- Commercial Metals upgraded to Buy from Hold at Jefferies
- As Copper Soars, U.S. Miners and EV Stocks Come Into Focus
- Commercial Metals upgraded to Overweight from Neutral at JPMorgan
- Commercial Metals Completes Major Acquisition of Concrete Pipe
