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 twelve months. 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 equities research analysts have issued 12 month target prices for Core & Main's stock. Their CNM share price targets range from $33.00 to $65.00. On average, they predict the company's share price to reach $50.08 in the next year. This suggests that the stock has a possible downside of 12.6%.
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Core & Main's stock was trading at $40.41 on January 1st, 2024. Since then, CNM stock has increased by 41.8% and is now trading at $57.31.
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Core & Main saw a decline in short interest in the month of April. As of April 15th, there was short interest totaling 7,620,000 shares, a decline of 21.7% from the March 31st total of 9,730,000 shares. Based on an average daily trading volume, of 2,710,000 shares, the short-interest ratio is currently 2.8 days. Approximately 4.0% 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) issued its quarterly earnings results on Tuesday, March, 19th. The company reported $0.34 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.34. The company had revenue of $1.44 billion for the quarter, compared to analysts' expectations of $1.43 billion. Core & Main had a net margin of 5.54% and a trailing twelve-month return on equity of 18.22%. The business's revenue was up 4.8% compared to the same quarter last year. During the same quarter last 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 earnings per share 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 IPO on Friday, July 23rd 2021. The company issued 34,883,721 shares at $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%), Zurcher Kantonalbank Zurich Cantonalbank (1.04%), Vaughan Nelson Investment Management L.P. (0.74%), Robeco Schweiz AG (0.57%), Raymond James & Associates (0.21%) and Los Angeles Capital Management LLC (0.19%). 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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