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UPDATE: D.A. Davidson Reiterates On Commercial Metals Company Following Strong Q4 Earnings

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In a report published Thursday, D.A. Davidson analyst Brent Thielman reiterated a Buy rating on Commercial Metals Company (NYSE: CMC), but lowered the price target from $23.00 to $21.00.

In the report, D.A. Davidson noted, “Commercial Metals Company reported Q4 earnings of $0.29 per share compared to $0.19 last year. Results were above our (and consensus) estimate of $0.24. Revenue of $1,903.2 million (+12% year-over-year) exceeded our estimate of $1,807.0 million.”

Commercial Metals Company closed on Wednesday at $16.98.

Latest Ratings for CMC

DateFirmActionFromTo
Jul 2019DowngradesBuyHold
Jan 2019UpgradesNeutralBuy
Jan 2019Initiates Coverage OnMarket Perform

View More Analyst Ratings for CMC
View the Latest Analyst Ratings

Posted-In: Brent Thielman D.A. DavidsonAnalyst Color Price Target Analyst Ratings

 

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