Core & Main (NYSE:CNM) Price Target Lowered to $29.00 at Barclays

Core & Main (NYSE:CNMGet Rating) had its price target reduced by Barclays from $34.00 to $29.00 in a research note released on Friday, The Fly reports.

Several other equities research analysts have also issued reports on CNM. Royal Bank of Canada decreased their price target on shares of Core & Main from $31.00 to $28.00 in a report on Wednesday. Truist Financial cut their target price on shares of Core & Main from $28.00 to $25.00 and set a hold rating on the stock in a research report on Thursday. Credit Suisse Group cut their target price on shares of Core & Main from $35.00 to $32.00 and set an outperform rating on the stock in a research report on Wednesday. Robert W. Baird lifted their target price on shares of Core & Main from $28.00 to $29.00 and gave the stock an outperform rating in a research report on Wednesday. Finally, The Goldman Sachs Group cut their target price on shares of Core & Main from $31.00 to $27.00 and set a neutral rating on the stock in a research report on Wednesday. One research analyst has rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of Hold and an average target price of $28.83.

Shares of Core & Main stock opened at $20.77 on Friday. The firm has a market capitalization of $5.11 billion and a PE ratio of 20.17. The company has a current ratio of 2.07, a quick ratio of 1.09 and a debt-to-equity ratio of 0.75. The firm’s 50 day moving average is $23.37 and its 200 day moving average is $24.21. Core & Main has a 1 year low of $20.00 and a 1 year high of $32.54.

Core & Main (NYSE:CNMGet Rating) last announced its quarterly earnings results on Wednesday, March 30th. The company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.06. The company had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.14 billion. Core & Main had a net margin of 4.05% and a return on equity of 19.33%. Core & Main’s revenue for the quarter was up 49.9% compared to the same quarter last year. As a group, research analysts anticipate that Core & Main will post 1.27 earnings per share for the current year.

In related news, VP Jeffrey D. Giles sold 30,000 shares of the business’s stock in a transaction on Friday, May 27th. The shares were sold at an average price of $25.04, for a total transaction of $751,200.00. Following the transaction, the vice president now owns 4,146 shares in the company, valued at approximately $103,815.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Jeffrey D. Giles sold 2,600 shares of the business’s stock in a transaction on Monday, May 16th. The shares were sold at an average price of $22.12, for a total transaction of $57,512.00. Following the transaction, the vice president now owns 4,146 shares in the company, valued at approximately $91,709.52. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by insiders.

Institutional investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC bought a new stake in Core & Main during the 3rd quarter valued at $11,352,000. Swiss National Bank bought a new stake in Core & Main during the 4th quarter valued at $3,207,000. Shell Asset Management Co. bought a new stake in Core & Main during the 4th quarter valued at $228,000. Janus Henderson Group PLC bought a new stake in Core & Main during the 3rd quarter valued at $140,826,000. Finally, Advisor Group Holdings Inc. increased its stake in Core & Main by 2.7% during the 4th quarter. Advisor Group Holdings Inc. now owns 26,083 shares of the company’s stock valued at $790,000 after purchasing an additional 689 shares in the last quarter. Institutional investors own 95.48% of the company’s stock.

About Core & Main (Get Rating)

Core & Main, Inc distributes water, wastewater, storm drainage, and fire protection products and related services to municipalities, private water companies, and professional contractors in the municipal, non-residential, and residential end markets in the United States. Its products include pipes, valves, hydrants, fittings, and other products and services; storm drainage products, such as corrugated piping systems, retention basins, inline drains, manholes, grates, geosynthetics, and other related products; fire protection products, including fire protection pipes, sprinkler heads and other devices, fire suppression systems, and related accessories, as well as fabrication services; and meter products, such as smart meter products, installation, software and other services.

Featured Stories

The Fly logo

Analyst Recommendations for Core & Main (NYSE:CNM)

Want More Great Investing Ideas?

Receive News & Ratings for Core & Main Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Core & Main and related companies with MarketBeat.com's FREE daily email newsletter.