Wolfe Research Initiates Coverage On Commercial Metals with Outperform Rating, Announces Price Target of $41
Wolfe Research initiates coverage on Commercial Metals (NYSE:CMC) with a Outperform rating and announces Price Target of $41.
3 Stocks Insiders Are Buying
When insiders purchase shares, it indicates their confidence in the company's prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision.
5 Value Stocks In The Basic Materials Sector
What are Value Stocks?
A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock.
Commercial Metals’s Return on Invested Capital Overview
According to Benzinga Pro data Commercial Metals (NYSE:CMC) posted a 34.72% decrease in earnings from Q3. Sales, however, increased by 10.08% over the previous quarter to $2.03 billion.
Commercial Metals Q4 EPS $1.26 Beats $1.25 Estimate, Sales $2.00B Beat $1.96B Estimate
Commercial Metals (NYSE:CMC) reported quarterly earnings of $1.26 per share which beat the analyst consensus estimate of $1.25 by 0.8 percent. This is a 59.49 percent increase over earnings of $0.79 per share from the
Earnings Scheduled For October 14, 2021
Companies Reporting Before The Bell
• Domino's Pizza (NYSE:DPZ) is expected to report quarterly earnings at $3.11 per share on revenue of $1.04 billion.
Goldman Sachs Downgrades US Steel, Upgrades Cleveland-Cliffs Ahead Of Steel Market Mean Reversion
U.S. steel prices have skyrocketed in 2021, and steel stocks have mostly followed suit.
One major Wall Street firm adjusted its coverage of steel stocks on Wednesday ahead of an anticipated correction in the steel market in the months ahead.
The Steel Analyst:
Goldman Sachs Upgrades Commercial Metals to Neutral, Raises Price Target to $33
Goldman Sachs analyst Emily Chieng upgrades Commercial Metals (NYSE:CMC) from Sell to Neutral and raises the price target from $31 to $33.