BNP Paribas analyst Tristan Gresser initiates coverage on $Commercial Metals (CMC.US)$ with a hold rating.
According to TipRanks data, the analyst has a success rate of 60.0% and a total average return of 6.8% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Commercial Metals (CMC.US)$'s main analysts recently are as follows:
The firm forecasts a decline in core EBITDA for Q1, driven by margin compression in North America, though partially mitigated by carbon credits received in Europe. It is anticipated that Q2 earnings will mark a near-term low point, with improvements expected in the latter half of the year.
Steelmakers are entering 2025 still impacted by a 30% price crash over the previous year, facing a 20% downside risk as the year progresses. Distributors are adopting a wait-and-see approach amidst these developments. The decline in European demand is shaping up to be more structural than cyclical.
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
