Core & Main, Inc. (NYSE:CNM) Given the average recommendation of “Hold” by brokerages



Shares of Core & Main, Inc. (NYSE:CNM – Get Rating) received an average recommendation of “Hold” by the thirteen research firms that currently cover the company, MarketBeat Ratings reports. One analyst rated the stock with a sell recommendation, five gave the company a hold recommendation and seven gave the company a buy recommendation. The 12-month average price target among brokers who have rated the stock over the past year is $30.69.

A number of equity analysts have recently commented on CNM shares. Truist Financial cut its price target on Core & Main shares from $32.00 to $28.00 and set a “hold” rating for the company in a Thursday, March 31 research note. Barclays downgraded Core & Main shares from an “equal weight” rating to an “overweight” rating and raised its price target for the stock from $32.00 to $34.00 in a note research on Thursday, March 31. Bank of America downgraded Core & Main shares from a “neutral” rating to an “underperforming” rating and lowered its price target for the stock from $31.00 to $25.00 in a note. research on Thursday, February 17. Royal Bank of Canada cut its price target on Core & Main from $33.00 to $31.00 and set an “outperform” rating for the stock in a Thursday, March 31 research report. Finally, Zacks Investment Research upgraded Core & Main from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a Friday, April 1 research report.

Several institutional investors and hedge funds have recently changed their positions in CNM. Clayton Dubilier & Rice LLC purchased a new stake in shares of Core & Main during the third quarter at a value of $5,026,993,000. Janus Henderson Group PLC purchased a new stake in shares of Core & Main during the third quarter at a value of $140,826,000. Norges Bank purchased a new equity stake in Core & Main during the fourth quarter at a value of $84,952,000. Victory Capital Management Inc. purchased a new stake in shares of Core & Main during the third quarter at a value of $59,203,000. Finally, Principal Financial Group Inc. acquired a new equity stake in Core & Main during the third quarter at a value of $32,414,000. 93.00% of the shares are currently held by hedge funds and other institutional investors.

Core & Main shares opened at $24.41 on Friday. The company has a 50-day moving average price of $23.04 and a 200-day moving average price of $25.29. The company has a quick ratio of 1.09, a current ratio of 2.11 and a debt ratio of 0.80. Core & Main has a fifty-two week low of $20.00 and a fifty-two week high of $32.54.

Core & Main (NYSE:CNM – Get Rating) last released quarterly earnings data on Wednesday, March 30. The company reported EPS of $0.31 for the quarter, beating analyst consensus estimates of $0.22 by $0.09. The company posted revenue of $1.25 billion in the quarter, versus a consensus estimate of $1.14 billion. Core & Main’s revenue for the quarter increased 49.9% compared to the same quarter last year. As a group, analysts predict Core & Main will post 1.27 earnings per share for the current year.

About Core & Main (Get an evaluation)

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-municipal end markets. homes and homes in the United States. Its products include castings, clamps, fittings and tapping sleeves, drainage products, fittings, meters, pipes and pipe fittings, pumps and parts, retainers, safety and paint, service materials, tools, valves and hydrants, as well as irrigation and other products; and fire protection solutions including fire protection hoses, sprinkler heads and other devices, as well as manufacturing services.

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Analyst Recommendations for Core & Main (NYSE: CNM)



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