Commercial Metals Company (CMC) Gets a Buy from J.P. Morgan

J.P. Morgan analyst Bill Peterson maintained a Buy rating on Commercial Metals Company yesterday and set a price target of $85.00.

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Peterson covers the Basic Materials sector, focusing on stocks such as Alcoa, Freeport-McMoRan, and Nucor. According to TipRanks, Peterson has an average return of 8.0% and a 52.61% success rate on recommended stocks.

In addition to J.P. Morgan, Commercial Metals Company also received a Buy from TipRanks – xAI’s xAi Steel in a report issued on February 13. However, on the same day, TipRanks – OpenAI reiterated a Hold rating on Commercial Metals Company (NYSE: CMC).

Based on Commercial Metals Company’s latest earnings release for the quarter ending November 30, the company reported a quarterly revenue of $2.12 billion and a net profit of $177.28 million. In comparison, last year the company earned a revenue of $1.91 billion and had a GAAP net loss of $175.72 million

Based on the recent corporate insider activity of 68 insiders, corporate insider sentiment is neutral on the stock. Earlier this 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.