Commercial Metals Company (CMC) Reaches $25.16 After 9.00% Down Move; RPC, Inc. (RES) Covered By 7 Bullish Analysts Last Week

January 14, 2018 - By Nellie Frank

The stock of Commercial Metals Company (NYSE:CMC) is a huge mover today! The stock decreased 2.10% or $0.54 during the last trading session, reaching $25.16. About 2.01 million shares traded or 4.80% up from the average. Commercial Metals Company (NYSE:CMC) has risen 10.79% since January 14, 2017 and is uptrending. It has underperformed by 5.91% the S&P500.The move comes after 8 months negative chart setup for the $2.93 billion company. It was reported on Jan, 14 by Barchart.com. We have $22.90 PT which if reached, will make NYSE:CMC worth $264.06 million less.

Among 24 analysts covering RPC (NYSE:RES), 7 have Buy rating, 1 Sell and 16 Hold. Therefore 29% are positive. RPC had 74 analyst reports since August 14, 2015 according to SRatingsIntel. On Friday, January 8 the stock rating was initiated by Macquarie Research with “Neutral”. The rating was downgraded by Credit Suisse to “Neutral” on Friday, October 13. As per Thursday, October 26, the company rating was maintained by Jefferies. Goldman Sachs downgraded the stock to “Neutral” rating in Friday, March 11 report. The rating was initiated by Tudor Pickering with “Buy” on Friday, March 24. As per Friday, August 14, the company rating was maintained by Citigroup. The firm earned “Hold” rating on Wednesday, August 30 by Cowen & Co. On Friday, October 27 the stock rating was maintained by Barclays Capital with “Equal-Weight”. The rating was downgraded by Wells Fargo on Tuesday, September 1 to “Market Perform”. As per Wednesday, January 18, the company rating was initiated by Suntrust Robinson. See RPC, Inc. (NYSE:RES) latest ratings:

11/01/2018 Broker: Cowen & Co Rating: Hold New Target: $28.0 Maintain
11/01/2018 Broker: Piper Jaffray Rating: Hold New Target: $24.0 Maintain
10/01/2018 Broker: Stephens Rating: Equal-Weight New Target: $28 Initiates Coverage On
04/01/2018 Broker: Jefferies Rating: Hold New Target: $29.0 Maintain
22/12/2017 Broker: B. Riley & Co Old Rating: Buy New Rating: Neutral Downgrade
22/12/2017 Broker: FBR Capital Rating: Inc.
07/12/2017 Broker: Evercore Old Rating: Outperform New Rating: In-Line Downgrade
14/11/2017 Broker: FBR Capital Rating: Buy New Target: $27.0
14/11/2017 Broker: Morgan Stanley Old Rating: Equal-Weight New Rating: Underweight Downgrade
10/11/2017 Broker: BMO Capital Markets Rating: Outperform Old Target: $26 New Target: $29 Maintain

Investors sentiment is 0.98 in 2017 Q3. Its the same as in 2017Q2. It is flat, as 24 investors sold Commercial Metals Company shares while 61 reduced holdings. only 27 funds opened positions while 56 raised stakes. 100.74 million shares or 2.15% less from 102.95 million shares in 2017Q2 were reported. Sg Americas Securities Ltd Llc accumulated 5,867 shares. Trellus Mgmt Ltd Liability invested in 31,000 shares or 0.81% of the stock. Canada Pension Plan Invest Board, Ontario – Canada-based fund reported 5,300 shares. Axa, France-based fund reported 59,700 shares. California Pub Employees Retirement System reported 271,123 shares. Profund Advsr Llc holds 0.02% of its portfolio in Commercial Metals Company (NYSE:CMC) for 19,862 shares. Secor Advsrs Limited Partnership accumulated 175,402 shares. Whittier Tru reported 2,250 shares stake. Texas Permanent School Fund owns 84,524 shares for 0.02% of their portfolio. Stratos Wealth Partners Limited stated it has 73,442 shares or 0.07% of all its holdings. 9.76 million are owned by Dimensional Fund Lp. Commonwealth Equity Service stated it has 0% of its portfolio in Commercial Metals Company (NYSE:CMC). Td Asset Mgmt stated it has 49,475 shares or 0% of all its holdings. Comerica Bank stated it has 275,628 shares. Campbell & Co Investment Adviser Limited Liability Company stated it has 24,891 shares or 0.38% of all its holdings.

Commercial Metals Company manufactures, recycles, and markets steel and metal products, and related materials and services in the United States and internationally. The company has market cap of $2.93 billion. It operates through five divisions: Americas Recycling, Americas Mills, Americas Fabrication, International Mill, and International Marketing and Distribution. It has a 65.01 P/E ratio. The Americas Recycling segment processes and sells scrap metals to steel mills and foundries, aluminum sheet and ingot manufacturers, brass and bronze ingot makers, copper refineries and mills, secondary lead smelters, specialty steel mills, high temperature alloy manufacturers, and other consumers.

Among 12 analysts covering Commercial Metals (NYSE:CMC), 7 have Buy rating, 3 Sell and 2 Hold. Therefore 58% are positive. Commercial Metals had 36 analyst reports since August 17, 2015 according to SRatingsIntel. As per Wednesday, September 16, the company rating was maintained by Jefferies. The stock of Commercial Metals Company (NYSE:CMC) earned “Hold” rating by Jefferies on Thursday, May 25. Credit Agricole initiated Commercial Metals Company (NYSE:CMC) on Monday, August 17 with “Buy” rating. The firm has “Sell” rating by Clarkson Platou given on Monday, June 27. The firm has “Outperform” rating given on Tuesday, March 28 by Credit Suisse. On Monday, March 21 the stock rating was downgraded by Jefferies to “Hold”. The stock has “Neutral” rating by JP Morgan on Wednesday, December 30. As per Wednesday, January 13, the company rating was reinitiated by Jefferies. On Thursday, June 2 the stock rating was downgraded by Bank of America to “Underperform”. The rating was maintained by Citigroup on Friday, September 15 with “Buy”.

Investors sentiment decreased to 0.94 in Q3 2017. Its down 0.05, from 0.99 in 2017Q2. It turned negative, as 29 investors sold RPC, Inc. shares while 69 reduced holdings. 42 funds opened positions while 50 raised stakes. 80.91 million shares or 2.04% more from 79.30 million shares in 2017Q2 were reported. Raymond James And accumulated 0% or 36,711 shares. Virginia Retirement System Et Al has invested 0.01% in RPC, Inc. (NYSE:RES). Legal & General Grp Incorporated Public Ltd holds 0% or 24,737 shares. Castleark Management has invested 0.03% in RPC, Inc. (NYSE:RES). M&T Bank & Trust owns 9,984 shares or 0% of their US portfolio. Van Eck Assocs Corp has invested 0.18% in RPC, Inc. (NYSE:RES). Farmers & Merchants reported 0% stake. California State Teachers Retirement System has invested 0.01% in RPC, Inc. (NYSE:RES). Paloma Prns Mgmt Com accumulated 15,800 shares. Opportunities Cap owns 139,812 shares for 2.25% of their portfolio. Deutsche Bancshares Ag holds 0.02% in RPC, Inc. (NYSE:RES) or 1.16M shares. Bnp Paribas Arbitrage Sa invested in 5,454 shares. Qs Invsts Limited stated it has 0% in RPC, Inc. (NYSE:RES). Barclays Public Limited Company holds 0% or 185,895 shares in its portfolio. Sir Cap Management Limited Partnership invested 0.45% of its portfolio in RPC, Inc. (NYSE:RES).

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