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

9 Wall Street 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 research analysts is that investors should "moderate buy" CNM shares.
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9 brokers 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 anticipate the company's share price to reach $50.08 in the next twelve months. 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 at the beginning of 2024. Since then, CNM stock has increased by 41.8% and is now trading at $57.32.
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Core & Main saw a decrease in short interest in April. As of April 15th, there was short interest totaling 7,620,000 shares, a decrease of 21.7% from the March 31st total of 9,730,000 shares. Based on an average 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 sold short.
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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 earnings results on Tuesday, March, 19th. The company reported $0.34 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.34. The company earned $1.44 billion during 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 firm's quarterly revenue was up 4.8% compared to the same quarter last year. During the same quarter last year, the business earned $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 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 number of institutional and retail investors. Top institutional shareholders 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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