You should consider shares of Commercial Metals Company (NYSE:CMC) and Vornado Realty Trust (NYSE:VNO) if you are looking for a great stocks to invest in. Starting with the CMC shares, which traded at $21.31 at the close of the recent session, dropping -1.62%. On Tuesday, the company’s shares shed -$0.35 from its value which represented in intraday trading. The stock is now 10.59% higher in year-to-date (YTD) trading. CMC’s intraday high was $21.34 while its lowest price touched $20.87. The stock’s 52-week high price is $21.91, which means the current price is at -2.74%. In terms of trading activity, the daily trading volume fell to 1027270 against 200-day average trading volume of 1,433,488 shares.
What are analyst forecasts for Commercial Metals Company (NYSE:CMC)?
At a consensus rating of 3.88, CMC is trending as a streaking Moderate Buy, as it has been the case a month ago when 7 analysts called it a Moderate Buy. Two months ago, 7 analysts recommended, on average, that CMC stock is a Moderate Buy. The Basic Materials company’s shares’ overall bearish trend saw it close higher on Tuesday compared to its opening price of $21.20 on the day.
Forecasts for Commercial Metals Company (NYSE:CMC) give the stock a fair value for the growth of 7.35% from its last price. The 12-month price forecast for the stock by analysts puts the stock’s mean price target at $23.00, which means the price per share could rise by nearly $1.69. The price range target is between a low of $15.00 and a high of $29.70. The stock would need to gain by about $28.25 to hit the estimated high or 0.62% from its 12-month low.
The consensus among 12 analysts is that it is a good time for one to Overweight in the Commercial Metals Company. 5 analysts rate CMC as a Buy, with 0 of 12 analysts rate it as a Sell. 0 have valued the stock as Overweight and 5 have recommended that investors Hold.
Commercial Metals Company (NYSE:CMC) Upgrades and Downgrades
In terms of rating changes, Deutsche Bank on November 26, 2019, Upgrade Commercial Metals Company (CMC) at Buy. Analysts at BMO Capital Markets have assigned a Market Perform rating for the stock in their research note on November 26, 2019 with an estimated price target of $23. Moreover, BofA/Merrill analysts issued a rating of Underperform for the stock on October 24, 2019, giving it a price target of $15 for the next 12 months. On September 23, 2019, the stock earned a Neutral rating due to an analyst call from Goldman, while analysts from Deutsche Bank on July 11, 2019 suggested that the stock is Hold.
Vornado Realty Trust (NYSE:VNO) adds $0.86 on Tuesday
The VNO stock has risen 3.55% year-to-date and is currently trading at $64.23, which is -11.41% below its 52-week high. The company shares gained 1.36% on the day and have risen nearly 9.61% off a low hit. At current levels, Vornado Realty Trust has a valuation of about $2.01B. As of 12/03/19, this stock has risen 1.04% during the week and closed at $63.37 in the previous session. However, recent Vornado Realty Trust stock performance shows that VNO shares are -1.14% down over the last month, and 4.41% up for the last three months.
Earnings per share (EPS) estimates for the current quarter are $0.3, with the trailing 12-month share earnings at $15.73. The ratio is expected to be up by 1,081.10% for the current year 2019 and -91.20% for next year. Over the next 5-year period, earnings per share will be 17.33%. But will the VNO stock surprise in the current quarter results, where the $1.69 actual EPS reported on 9/29/2019 surprised by 128.40% or was higher by $0.95 from the estimated $0.74.
Sales Growth to decline -2.20% for the year
How well will Vornado Realty Trust perform as a business over the current quarter, year and next 5-year period? Compared to the year-ago quarter, analysts forecast the company to bring in between $446.03M and $488.8M in current quarter sales. The consensus estimated for the current quarter is $461.95M from sales. Forecasts for this fiscal year are between $1.89B and $2.08B and the consensus estimate for sales is at $1.95B. VNO has its next quarter sales estimates at between $424.53M and $461.54M, with the quarter-over-quarter growth estimates at -20.50% and the annual growth forecast for the year at -2.20%.
Who owns shares in Vornado Realty Trust (VNO)?
Let’s briefly focus on the share ownership of the Vornado Realty Trust (NYSE:VNO) stock, where we find that 90.14% of shares are held by institutions. Vanguard Group, Inc. (The) tops the list of institutional owners as it is holding 27.75 million shares or 14.54% of shares outstanding. Norges Bank Investment Management and Blackrock Inc. held 18.08 million and 15.47 million representing 9.47% and 8.11% respectively at the close of the last trading session. As of Sep 29, 2019, State Street Corporation accounted for 11.97 million shares at over 762.34 million. This represented 6.27% of shares outstanding. JP Morgan Chase & Company held 9.69 million shares at over 617.11 million representing 5.08% of shares outstanding.
VNO Insider Activity
Insider activity can also give a signal in terms of price direction. Looking at Vornado Realty Trust (VNO), a total of 4578 shares have been sold by insiders over the last 6 months while 0 shares were added in the same time span. On 12/10/2018, Chairman & Chief Executive Officer by the name Roth Steven sold 286130.0 shares worth $20.1 million at the price of $70.15 per share. Filings also show that Fascitelli Michael D sold a total of 287627.0 shares on 1/10/2019 valued at $18.7 million. Since the last insider activity, the company’s share price has dropped -2.55%.