U.S. Markets closed
  • S&P 500

    3,465.39
    +11.90 (+0.34%)
     
  • Dow 30

    28,335.57
    -28.09 (-0.10%)
     
  • Nasdaq

    11,548.28
    +42.28 (+0.37%)
     
  • Russell 2000

    1,640.50
    +10.25 (+0.63%)
     
  • Crude Oil

    39.78
    -0.86 (-2.12%)
     
  • Gold

    1,903.40
    -1.20 (-0.06%)
     
  • Silver

    24.70
    -0.01 (-0.04%)
     
  • EUR/USD

    1.1868
    +0.0042 (+0.3560%)
     
  • 10-Yr Bond

    0.8410
    -0.0070 (-0.83%)
     
  • Vix

    27.55
    -0.56 (-1.99%)
     
  • GBP/USD

    1.3038
    -0.0042 (-0.3207%)
     
  • USD/JPY

    104.6900
    -0.1500 (-0.1431%)
     
  • BTC-USD

    12,966.35
    +69.76 (+0.54%)
     
  • CMC Crypto 200

    260.05
    -1.40 (-0.54%)
     
  • FTSE 100

    5,860.28
    +74.63 (+1.29%)
     
  • Nikkei 225

    23,516.59
    +42.32 (+0.18%)
     

Looking for Value? Why It Might Be Time to Try Commercial Metals (CMC)

Zacks Equity Research
·2 mins read

Value investing is always a very popular strategy, and for good reason. After all, who doesn’t want to find stocks that have low PEs, solid outlooks, and decent dividends? 

Fortunately for investors looking for this combination, we have identified a strong candidate which may be an impressive value; Commercial Metals Company CMC. 

Commercial Metals in Focus

CMC may be an interesting play thanks to its forward PE of 7.62, its P/S ratio of 0.39, and its decent dividend yield of 2.5%. These factors suggest that Commercial Metals is a pretty good value pick, as investors have to pay a relatively low level for each dollar of earnings, and that CMC has decent revenue metrics to back up its earnings. 

Commercial Metals Company PE Ratio (TTM)

Commercial Metals Company PE Ratio (TTM)
Commercial Metals Company PE Ratio (TTM)

Commercial Metals Company pe-ratio-ttm | Commercial Metals Company Quote

But before you think that Commercial Metals is just a pure value play, it is important to note that it has been seeing solid activity on the earnings estimate front as well. For current year earnings, the consensus has gone up by 1.2% in the past 30 days, thanks to two upward revisions in the past one month compared to none lower.

This estimate strength is actually enough to push CMC to a Zacks Rank #2 (Buy), suggesting it is poised to outperform. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

So really, Commercial Metals is looking great from a number of angles thanks to its PE below 20, a P/S ratio below one, and a strong Zacks Rank, meaning that this company could be a great choice for value investors at this time. 

Biggest Tech Breakthrough in a Generation

Be among the early investors in the new type of device that experts say could impact society as much as the discovery of electricity. Current technology will soon be outdated and replaced by these new devices. In the process, it’s expected to create 22 million jobs and generate $12.3 trillion in activity.

A select few stocks could skyrocket the most as rollout accelerates for this new tech. Early investors could see gains similar to buying Microsoft in the 1990s. Zacks’ just-released special report reveals 8 stocks to watch. The report is only available for a limited time.

See 8 breakthrough stocks now>>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Commercial Metals Company (CMC) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research