|Bid||34.65 x 800|
|Ask||35.77 x 1400|
|Day's Range||34.07 - 35.03|
|52 Week Range||19.44 - 36.86|
|Beta (5Y Monthly)||1.28|
|PE Ratio (TTM)||12.84|
|Earnings Date||Jan 10, 2022 - Jan 14, 2022|
|Forward Dividend & Yield||0.48 (1.55%)|
|Ex-Dividend Date||Jun 29, 2021|
|1y Target Est||33.33|
Commercial Metals (CMC) will gain from solid steel demand across the end markets, driven by elevated spending on the residential and construction sector as well as focus on cost reductions.
The Zacks Analyst Blog Highlights: TimkenSteel, Commercial Metals, Nucor Corp and Schnitzer Steel
Despite the slowdown in the automotive space due to the chip crunch, strong demand elsewhere along with supply disruptions due to outages are likely to lend support to steel prices through the balance of 2021.