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

9 Wall Street 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 analysts is that investors should "moderate buy" CNM shares.
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9 brokerages 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 expect the company's share price to reach $50.08 in the next year. This suggests that the stock has a possible downside of 7.5%.
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Core & Main's stock was trading at $40.41 on January 1st, 2024. Since then, CNM stock has increased by 34.1% and is now trading at $54.17.
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Core & Main saw a increase in short interest during the month of 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 daily trading volume, of 3,020,000 shares, the short-interest ratio is presently 3.2 days. Approximately 5.1% of the shares of the company 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 data on Tuesday, March, 19th. The company reported $0.34 earnings per share for the quarter, meeting analysts' consensus estimates of $0.34. The firm had revenue of $1.44 billion for the quarter, compared to the consensus estimate 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 company's quarterly revenue was up 4.8% on a year-over-year basis. During the same quarter last year, the company 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), Subversive Food Security ETF (KCAL), Janus Henderson Small Cap Growth Alpha ETF (JSML), Ecofin Global Water ESG Fund (EBLU) and Renaissance IPO ETF (IPO).

Core & Main issued an update on its FY 2024 earnings guidance on Tuesday, March, 19th. The company provided earnings per share (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 $20.00-$23.00 per share.

Core & Main's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Artemis Investment Management LLP (1.32%), Vaughan Nelson Investment Management L.P. (0.74%), Los Angeles Capital Management LLC (0.19%), Perpetual Ltd (0.12%), Renaissance Capital LLC (0.06%) and Allspring Global Investments Holdings LLC (0.03%). 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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