Smiths Group PLC (LON:SMIN) Stock “Buy” Rating Kept at Deutsche Bank; The Price Objective is GBX 1750.00; 6 Analysts Bullish Commercial Metals Company (CMC)

December 7, 2017 - By Darrin Black

Among 12 analysts covering Commercial Metals (NYSE:CMC), 6 have Buy rating, 3 Sell and 3 Hold. Therefore 50% are positive. Commercial Metals had 34 analyst reports since August 17, 2015 according to SRatingsIntel. The firm has “Neutral” rating by Credit Suisse given on Monday, March 28. As per Wednesday, September 16, the company rating was maintained by Jefferies. The firm earned “Outperform” rating on Tuesday, March 28 by Credit Suisse. The stock of Commercial Metals Company (NYSE:CMC) earned “Sell” rating by CLSA on Monday, March 28. DA Davidson downgraded the shares of CMC in report on Friday, November 11 to “Neutral” rating. Jefferies maintained Commercial Metals Company (NYSE:CMC) rating on Monday, June 26. Jefferies has “Hold” rating and $1900 target. Bank of America downgraded the stock to “Neutral” rating in Thursday, June 8 report. On Thursday, July 27 the stock rating was maintained by Jefferies with “Hold”. The firm has “Neutral” rating by Citigroup given on Thursday, January 19. As per Monday, October 30, the company rating was maintained by Jefferies. See Commercial Metals Company (NYSE:CMC) latest ratings:

30/10/2017 Broker: Jefferies Rating: Buy Old Target: $26 New Target: $24 Maintain
17/10/2017 Broker: Jefferies Old Rating: Hold New Rating: Buy Upgrade
04/10/2017 Broker: Jefferies Rating: Hold New Target: $19.0 Maintain
15/09/2017 Broker: Citigroup Rating: Buy Old Target: $22 New Target: $21 Maintain
07/09/2017 Broker: Macquarie Research Rating: Underperform New Target: $16 Initiates Coverage On
05/09/2017 Broker: Bank of America Rating: Neutral Old Target: $20 New Target: $21 Maintain
30/08/2017 Broker: Jefferies Rating: Hold New Target: $19.0 Maintain
27/07/2017 Broker: Jefferies Rating: Hold New Target: $19.0000 Maintain
26/06/2017 Broker: Jefferies Rating: Hold New Target: $19.0000 Maintain
13/06/2017 Broker: Citigroup Old Rating: Neutral New Rating: Buy Upgrade

They currently have a GBX 1750.00 price target on Smiths Group PLC (LON:SMIN). Deutsche Bank’s target would suggest a potential upside of 19.13% from the company’s last stock close. This was revealed to clients and investors in a report on Thursday, 7 December.

Smiths Group plc designs, manufactures, and sells various services and products for the threat and contraband detection, medical devices, energy, communications, and engineered components markets worldwide. The company has market cap of 5.81 billion GBP. It operates through John Crane, Smiths Medical, Smiths Detection, Smiths Interconnect, and Flex-Tek divisions. It has a 10.46 P/E ratio. The John Crane division offers engineered services and products comprising mechanical seals, seal support systems, engineered bearings, power transmission couplings, and specialist filtration systems.

The stock decreased 0.41% or GBX 6 during the last trading session, reaching GBX 1468. About 335,063 shares traded. Smiths Group plc (LON:SMIN) has 0.00% since December 7, 2016 and is . It has underperformed by 16.70% the S&P500.

Among 20 analysts covering Smiths Group (LON:SMIN), 9 have Buy rating, 3 Sell and 8 Hold. Therefore 45% are positive. Smiths Group has GBX 1900 highest and GBX 780 lowest target. GBX 1447.17’s average target is -1.42% below currents GBX 1468 stock price. Smiths Group had 139 analyst reports since July 27, 2015 according to SRatingsIntel. As per Friday, September 18, the company rating was maintained by Panmure Gordon. On Thursday, December 17 the stock rating was maintained by Jefferies with “Buy”. The firm earned “Outperform” rating on Wednesday, June 28 by RBC Capital Markets. The stock of Smiths Group plc (LON:SMIN) earned “Buy” rating by Goldman Sachs on Thursday, January 12. The rating was maintained by JP Morgan with “Overweight” on Wednesday, November 15. The rating was maintained by JP Morgan with “Overweight” on Friday, April 22. The rating was maintained by Deutsche Bank on Monday, May 22 with “Buy”. BNP Paribas maintained the stock with “Neutral” rating in Friday, February 10 report. The firm has “Overweight” rating given on Tuesday, August 30 by JP Morgan. The rating was maintained by Panmure Gordon on Wednesday, January 20 with “Sell”.

The stock increased 2.77% or $0.54 during the last trading session, reaching $20.02. About 1.95 million shares traded or 9.79% up from the average. Commercial Metals Company (NYSE:CMC) has risen 10.79% since December 7, 2016 and is uptrending. It has underperformed by 5.91% the S&P500.

Investors sentiment decreased to 0.98 in Q2 2017. Its down 0.09, from 1.07 in 2017Q1. It fall, as 33 investors sold Commercial Metals Company shares while 62 reduced holdings. 23 funds opened positions while 70 raised stakes. 102.95 million shares or 1.30% more from 101.63 million shares in 2017Q1 were reported. Corecommodity Management Ltd Liability Com invested in 10,216 shares or 0.19% of the stock. Glob X Limited Liability Com has invested 0% of its portfolio in Commercial Metals Company (NYSE:CMC). Koch stated it has 0.07% in Commercial Metals Company (NYSE:CMC). Pnc Fin Svcs has 4,653 shares for 0% of their portfolio. Moreover, Oregon Public Employees Retirement Fund has 0.01% invested in Commercial Metals Company (NYSE:CMC) for 42,520 shares. 2,250 are held by Whittier Trust Commerce. Vanguard Group Inc reported 12.84 million shares. Deutsche National Bank Ag reported 600,644 shares. Jefferies Group Inc Lc owns 16,144 shares for 0% of their portfolio. Sit Assocs has invested 0.01% of its portfolio in Commercial Metals Company (NYSE:CMC). California Pub Employees Retirement Systems holds 0.01% or 259,400 shares. Putnam Investments Ltd stated it has 0.01% of its portfolio in Commercial Metals Company (NYSE:CMC). National Bank Of Montreal Can has invested 0% in Commercial Metals Company (NYSE:CMC). Rhumbline Advisers has invested 0.01% of its portfolio in Commercial Metals Company (NYSE:CMC). 20 are owned by Reilly Fin Ltd Llc.

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 $2.34 billion. It operates through five divisions: Americas Recycling, Americas Mills, Americas Fabrication, International Mill, and International Marketing and Distribution. It has a 30.94 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.

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