Core & Main (CNM) Stock Price, News & Analysis

9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Core & Main in the last year. There are currently 3 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" CNM shares.
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9 analysts have issued 12 month price targets for Core & Main's shares. Their CNM share price targets range from $33.00 to $65.00. On average, they expect the company's stock price to reach $50.08 in the next twelve months. This suggests that the stock has a possible downside of 10.5%.
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Core & Main's stock was trading at $40.41 at the beginning of 2024. Since then, CNM stock has increased by 38.5% and is now trading at $55.97.
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Core & Main saw a increase in short interest in March. As of March 15th, there was short interest totaling 9,780,000 shares, an increase of 15.9% from the February 29th total of 8,440,000 shares. Based on an average trading volume of 3,020,000 shares, the days-to-cover ratio is presently 3.2 days. Currently, 5.1% of the company's stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, June 4th 2024.
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Core & Main, Inc. (NYSE:CNM) posted its quarterly earnings data on Tuesday, March, 19th. The company reported $0.34 earnings per share for the quarter, hitting the consensus estimate of $0.34. The firm earned $1.44 billion during the quarter, compared to analysts' expectations of $1.43 billion. Core & Main had a trailing twelve-month return on equity of 18.22% and a net margin of 5.54%. The company's quarterly revenue was up 4.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.31 EPS.

ETFs with the largest weight of Core & Main (NYSE:CNM) stock in their portfolio include Global X Clean Water ETF (AQWA), Adaptiv Select ETF (ADPV), iShares MSCI Water Management Multisector ETF (IWTR), Invesco Water Resources ETF (PHO), Pinnacle Focused Opportunities ETF (FCUS), Subversive Food Security ETF (KCAL), Janus Henderson Small Cap Growth Alpha ETF (JSML) and Ecofin Global Water ESG Fund (EBLU).

Core & Main updated its FY 2024 earnings guidance on Tuesday, March, 19th. The company provided EPS guidance of for the period. The company issued revenue guidance of $7.4 billion-$7.6 billion, compared to the consensus revenue estimate of $7.2 billion.

Core & Main (CNM) raised $750 million in an initial public offering (IPO) on Friday, July 23rd 2021. The company issued 34,883,721 shares at a price of $20.00-$23.00 per share.

Core & Main's stock is owned by a variety of retail and institutional investors. Top institutional investors include Artemis Investment Management LLP (1.32%), Vaughan Nelson Investment Management L.P. (0.74%), Raymond James & Associates (0.21%), Los Angeles Capital Management LLC (0.19%), Seven Grand Managers LLC (0.12%) and Perpetual Ltd (0.12%). Insiders that own company stock include Bradford A Cowles, Cd&R Investment Associates X,, James G Castellano, Jeffrey D Giles, John R Schaller, John Weldon Stephens, Laura K Schneider, Mark G Whittenburg, Mark R Witkowski, Orvin T Kimbrough and Stephen O Leclair.
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Shares of CNM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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