BMO Capital analyst David Gagliano maintained a Hold rating on Commercial Metals Company (NYSE:CMC) on Friday, setting a price target of $22, which is approximately 3.42% below the present share price of $22.78.
Gagliano expects Commercial Metals Company to post earnings per share (EPS) of $0.54 for the third quarter of 2020.
The current consensus among 5 TipRanks analysts is for a Moderate Buy rating of shares in Commercial Metals Company, with an average price target of $22.4.
The analysts price targets range from a high of $25 to a low of $20.
In its latest earnings report, released on 05/31/2020, the company reported a quarterly revenue of $1.34 billion and a net profit of $109.37 million. The company's market cap is $2.65 billion.
According to TipRanks.com, BMO Capital analyst David Gagliano is currently ranked with 2 stars on a 0-5 stars ranking scale, with an average return of 0.1% and a 46.06% success rate.
Commercial Metals Co. engages in the manufacture, recycling, and marketing of steel and metal products. It operates through the following segments: Americas Recycling, Americas Mills, Americas Fabrication, and International Mill. The Americas Recycling segment processes scrap metals for use as a raw material by manufacturers of new metal products. The Americas Mills segment manufactures finished long steel products including reinforcing bar, merchant bar, light structural and other special sections as well as semi-finished billets for re-rolling and forging applications. The Americas Fabrication segment includes rebar fabrication operations, fence post manufacturing facilities, construction-related product facilities and facilities that heat-treat steel to strengthen and provide flexibility. The International Mill segment manufactures rebar, merchant bar and wire rod as well as semi-finished billets. The company was founded by Moses Feldman in 1915 and is headquartered in Irving, TX.