Alert: Mixed Investment/Fundamental Signals (12/21/23)-Commercial Metals Co (NYSE: CMC)


Commercial Metals Co (NYSE: CMC) has benefited from exceptional positive changes in investment behavior: its longer term price trend turned up, the stock’s recent price rise disrupted its longer term downtrend, positive upside/downside volume developed, and its shorter term price trend turned up.

Positive development: significant quarterly earnings acceleration occurred. Negative development: significant quarterly sales deceleration occurred.

In light of these very positive signals we are reviewing our current Overall Rating of B. We would continue to view the shares with optimism pending completion of this review in the next several days.


Current PriceTarget Research Rating

With future capital returns forecasted to be above the cost of capital, CMC is expected to continue to be a Value Builder.

Commercial Metals has a current Value Trend Rating of B (Positive). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Commercial Metals has a slightly positive Power Rating of 62 and a good Appreciation Score of 85, producing the Positive Value Trend Rating.

Recent Price Action

Commercial Metals Co (NYSE: CMC) stock closed at $49.86 on 12/21/23 after a large increase of 2.5%. This advance was accompanied by normal trading volume. The stock has risen 5.5% during the last week and has performed in line with the market over the last nine months.

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