Skip to main content

Market Overview

UPDATE: D.A. Davidson Lowers PT On Commercial Metals Company On Well-Positioned U.S. Assets, International Division Optionality


In a report published Wednesday, D.A. Davidson analyst Brent Thielman reiterated a Buy rating on Commercial Metals Company (NYSE: CMC), but lowered the price target from $21.00 to $20.00.

In the report, D.A. Davidson noted, “Commercial Metals Company reported Q1 earnings from continuing operations of $0.32 per share compared to $0.27 (reported) last year. Results were above our estimate of $0.23 and consensus of $0.28. Revenue of $1,680.0 million (-0.2% year-over-year) was below our estimate of $1,690.4 million and consensus of $1,770.0 million. Relative to our expectations, the primary (positive) variance came from the International Marketing & Distribution (M&D) segment.”

Commercial Metals Company closed on Tuesday at $14.42.

Latest Ratings for CMC

Apr 2021Goldman SachsInitiates Coverage OnSell
Jan 2021Deutsche bankDowngradesBuyHold
Dec 2020Exane BNP ParibasDowngradesOutperformNeutral

View More Analyst Ratings for CMC
View the Latest Analyst Ratings


Related Articles (CMC)

View Comments and Join the Discussion!

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

Latest Ratings

SIVBRaymond JamesReiterates600.0
PFCRaymond JamesMaintains37.0
RCLMorgan StanleyMaintains61.0
PNRMorgan StanleyMaintains69.0
HZORaymond JamesMaintains68.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at