Core & Main, Inc. (NYSE:CNM) Receives $57.60 Average Target Price from Analysts

Shares of Core & Main, Inc. (NYSE:CNM) have received a consensus rating of “Moderate Buy” from the ten analysts that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $57.60.

Several analysts have recently weighed in on the stock. Wells Fargo & Company increased their price target on shares of Core & Main from $62.00 to $65.00 and gave the company an “overweight” rating in a research note on Tuesday, February 4th. The Goldman Sachs Group raised their price target on shares of Core & Main from $50.00 to $57.00 and gave the company a “neutral” rating in a research report on Thursday, December 5th. Royal Bank of Canada restated an “outperform” rating and issued a $62.00 price objective (up from $53.00) on shares of Core & Main in a report on Wednesday, December 4th. Loop Capital raised their price objective on shares of Core & Main from $52.00 to $63.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. Finally, Citigroup lifted their price target on shares of Core & Main from $43.00 to $56.00 and gave the stock a “neutral” rating in a research note on Monday, January 6th.

Core & Main Trading Down 0.2 %

Shares of Core & Main stock opened at $46.60 on Friday. The firm has a 50-day simple moving average of $52.86 and a two-hundred day simple moving average of $48.57. The company has a market cap of $9.26 billion, a P/E ratio of 21.88, a price-to-earnings-growth ratio of 2.61 and a beta of 1.05. Core & Main has a fifty-two week low of $37.22 and a fifty-two week high of $62.15. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.28 and a current ratio of 2.14.

Insiders Place Their Bets

In other Core & Main news, EVP John R. Schaller sold 60,452 shares of the firm’s stock in a transaction on Friday, January 10th. The shares were sold at an average price of $50.57, for a total transaction of $3,057,057.64. Following the completion of the transaction, the executive vice president now directly owns 17,898 shares of the company’s stock, valued at $905,101.86. This trade represents a 77.16 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Mark G. Whittenburg sold 50,000 shares of the firm’s stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $50.49, for a total transaction of $2,524,500.00. Following the completion of the transaction, the general counsel now owns 7,667 shares in the company, valued at approximately $387,106.83. The trade was a 86.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 184,294 shares of company stock valued at $9,383,685 in the last ninety days. Corporate insiders own 3.49% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Ashton Thomas Securities LLC bought a new position in shares of Core & Main in the 3rd quarter worth about $26,000. Avior Wealth Management LLC lifted its position in Core & Main by 51.3% in the 4th quarter. Avior Wealth Management LLC now owns 799 shares of the company’s stock valued at $41,000 after purchasing an additional 271 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in Core & Main in the 3rd quarter valued at about $49,000. UMB Bank n.a. lifted its position in Core & Main by 246.0% in the 4th quarter. UMB Bank n.a. now owns 962 shares of the company’s stock valued at $49,000 after purchasing an additional 684 shares during the last quarter. Finally, Quadrant Capital Group LLC lifted its position in Core & Main by 30.1% in the 4th quarter. Quadrant Capital Group LLC now owns 1,203 shares of the company’s stock valued at $61,000 after purchasing an additional 278 shares during the last quarter. 94.19% of the stock is currently owned by institutional investors.

Core & Main Company Profile

Core & Main, Inc is a specialty distributor focused on water, wastewater, storm drainage and fire protection products, and related services. The company provides infrastructure solutions to municipalities, private water companies and professional contractors across municipal, non-residential, and residential end markets, nationwide.