Market Overview

UPDATE: BMO Capital Markets Initiates Coverage on Commercial Metals Company on Valuation

Share:
Related CMC
10 Stocks To Watch For March 23, 2017
Earnings Scheduled For March 23, 2017
Commercial Metals' (CMC) CEO Joe Alvarado on Q2 2017 Results - Earnings Call Transcript (Seeking Alpha)

In a report published Wednesday, BMO Capital Markets analyst Meredith Bandy initiated coverage on Commercial Metals Company (NYSE: CMC) with an Outperform rating and $19.00 price target.

In the report, BMO Capital Markets noted, “BMO Research is initiating coverage of Commercial Metals Company with an Outperform rating and US$19 target price. CMC trades at the lowest valuation based on adjusted EV/EBITDA, Dividend Yield and FCF Yield. The company is also leveraged to non-residential construction that is expected to improve over the next 1-2 years. CMC's balance sheet appears manageable with Net Debt to EBITDA levels below 3x.”

Commercial Metals Company closed on Tuesday at $16.57.

Latest Ratings for CMC

DateFirmActionFromTo
Jan 2017CitigroupDowngradesBuyNeutral
Jan 2017Deutsche BankInitiates Coverage OnBuy
Dec 2016JefferiesDowngradesBuyHold

View More Analyst Ratings for CMC
View the Latest Analyst Ratings

Posted-In: BMO Capital Markets Meredith BandyAnalyst Color Initiation Analyst Ratings

 

Related Articles (CMC)

View Comments and Join the Discussion!