Why Do Investors Buy Stock In CMC Materials Inc. (CCMP)?
CMC Materials Inc. (NASDAQ:CCMP) has a beta value of 1.14 and has seen 0.27 million shares traded in the last trading session. The company, currently valued at $4.35B, closed the last trade at $146.00 per share which meant it lost -$2.73 on the day or -1.84% during that session. The CCMP stock price is -36.03% off its 52-week high price of $198.60 and 10.03% above the 52-week low of $131.35. The 3-month trading volume is 198.24K shares. The consensus among analysts is that CMC Materials Inc. (CCMP) is a Hold stock at the moment, with a recommendation rating of 3.00. 2 analysts rate the stock as a Sell, while 1 rate it as Overweight. 2 out of 8 have rated it as a Hold, with 3 advising it as a Buy. 0 have rated the stock as Underweight. CMC Materials Inc. (NASDAQ:CCMP) trade information  Sporting -1.84% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on Friday, 07/02/21 when the CCMP stock price touched $146.00 or saw a rise of 3.92%. Year-to-date, CMC Materials Inc. shares have moved -3.50%, while the 5-day performance has seen it change -0.77%. Over the past 30 days, the shares of CMC Materials Inc. (NASDAQ:CCMP) have changed -1.14%. Wall Street analysts have a consensus price target for the stock at $177.29, which means that the shares value could jump 17.65% from current levels. The projected low price target is $150.00 while the price target rests at a high of $210.00. In that case, then, we find that the current price level is -43.84% off the targeted high while a plunge would see the stock gain -2.74% from current levels. CMC Materials Inc. (CCMP) estimates and forecasts  Figures show that CMC Materials Inc. shares have underperformed across the wider relevant industry. The companys shares have lost -3.50% over the past 6 months, with this year growth rate of 4.69%, compared to 20.80% for the industry. If we evaluate the companys growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 16.40% over the past 5 years. Earnings growth for 2021 is a modest 191.90% while over the next 5 years, the companys earnings are expected to increase by 13.00%. CCMP Dividends  CMC Materials Inc. is expected to release its next earnings report in August this year, and investors are excited at the prospect of better dividends despite the companys debt issue. The forward dividend is 1.84 at a share yield of 1.26%. The companys dividend yield has gone up over the past 12 months.