Jefferies Releases a Hold Rating on Commercial Metals Company

By Carrie Williams

Jefferies analyst Seth Rosenfeld reiterated a Hold rating on Commercial Metals Company (NYSE: CMC) today and set a price target of $19. The company’s shares closed yesterday at $17.75.

According to, Rosenfeld is a 4-star analyst with an average return of 8.8% and a 58.2% success rate. Rosenfeld covers the Basic Materials sector, focusing on stocks such as Worthington Industries, Peabody Energy Corp, and United States Steel.

Commercial Metals Company has an analyst consensus of Moderate Buy, with a price target consensus of $21.50.

Commercial Metals Company’s market cap is currently $2.05B and has a P/E ratio of 37.06. The company has a book value ratio of 1.5090.

Based on the recent corporate insider activity of 74 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CMC in relation to earlier this year. Most recently, in January 2017, Adam Hickey, the VP & Controller of CMC sold 2,085 shares for a total of $43,472.

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Commercial Metals Co. manufactures, recycles, and markets steel and metal products. It operates through the following segments: Americas Recycling, Americas Mills, Americas Fabrication, International Mill, and International Marketing and Distribution. The Americas Recycling segment processes scrap metals for use as a raw material by manufacturers of new metal products. The Americas Mills segment manages domestic steel mills, scrap metal shedders and processing facilities, and railroad savage company. The Americas Fabrication segment includes rebar fabrication facilities and fence post manufacturing plants. The International Mill segment deals with the firm’s mill, recycling, and fabrication operations in Poland. The International Marketing and Distribution segment includes international operations for the sales, distribution and processing of steel products, ferrous and nonferrous metals and other industrial products. The company was founded by Moses Feldman in 1915 and is headquartered in Irving, TX.