Peterson covers the Basic Materials sector, focusing on stocks such as Steel Dynamics, Cleveland-Cliffs, and Freeport-McMoRan. According to TipRanks, Peterson has an average return of 7.0% and a 48.24% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Commercial Metals Company with a $83.22 average price target, implying a 20.26% upside from current levels. In a report released yesterday, Jefferies also reiterated a Buy rating on the stock with a $85.00 price target.
Based on Commercial Metals Company’s latest earnings release for the quarter ending May 31, the company reported a quarterly revenue of $2.48 billion and a net profit of $173.02 million. In comparison, last year the company earned a revenue of $2.02 billion and had a net profit of $83.13 million
