Core & Main (NYSE:CNM) Price Target Cut to $62.00 by Analysts at Deutsche Bank Aktiengesellschaft

Core & Main (NYSE:CNM) had its price target cut by Deutsche Bank Aktiengesellschaft from $65.00 to $62.00 in a research report report published on Wednesday,Benzinga reports. They currently have a buy rating on the stock.

CNM has been the topic of a number of other research reports. JPMorgan Chase & Co. upped their target price on Core & Main from $58.00 to $59.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 10th. Citigroup lifted their price target on Core & Main from $56.00 to $60.00 and gave the company a “neutral” rating in a research report on Thursday, January 8th. Barclays decreased their price target on Core & Main from $63.00 to $62.00 and set an “overweight” rating for the company in a report on Wednesday. Wells Fargo & Company upped their price objective on Core & Main from $57.00 to $65.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 14th. Finally, Robert W. Baird raised their price objective on shares of Core & Main from $62.00 to $64.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 10th. Seven equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, Core & Main has an average rating of “Moderate Buy” and a consensus target price of $61.64.

Core & Main Price Performance

Shares of CNM opened at $50.55 on Wednesday. The business’s 50-day moving average is $54.14 and its two-hundred day moving average is $52.57. The company has a market capitalization of $9.88 billion, a P/E ratio of 21.88, a P/E/G ratio of 1.99 and a beta of 0.98. Core & Main has a fifty-two week low of $43.17 and a fifty-two week high of $67.18. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.35 and a current ratio of 2.63.

Core & Main announced that its Board of Directors has initiated a share buyback program on Tuesday, December 9th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the company to purchase up to 5% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its stock is undervalued.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in CNM. Invesco Ltd. boosted its stake in Core & Main by 2.9% during the 4th quarter. Invesco Ltd. now owns 2,917,310 shares of the company’s stock worth $151,613,000 after purchasing an additional 81,749 shares during the last quarter. Mercer Global Advisors Inc. ADV raised its position in shares of Core & Main by 7.9% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 7,449 shares of the company’s stock valued at $387,000 after buying an additional 546 shares during the last quarter. Vident Advisory LLC raised its position in shares of Core & Main by 230.9% in the fourth quarter. Vident Advisory LLC now owns 27,151 shares of the company’s stock valued at $1,411,000 after buying an additional 18,945 shares during the last quarter. Mackenzie Financial Corp lifted its stake in shares of Core & Main by 0.5% in the fourth quarter. Mackenzie Financial Corp now owns 769,524 shares of the company’s stock worth $40,597,000 after buying an additional 3,483 shares in the last quarter. Finally, Empowered Funds LLC purchased a new position in shares of Core & Main in the fourth quarter worth about $454,000. 94.19% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Core & Main

Here are the key news stories impacting Core & Main this week:

• Positive Sentiment: Q4 earnings beat on EPS: Core & Main reported $0.52 EPS vs. consensus ~$0.33, and improved margins year‑over‑year — a fundamental positive for near‑term profitability. MarketBeat Q4 report
• Positive Sentiment: Management still sees growth in key end markets (smart meters, water treatment) and guided to revenue/EBITDA increases for fiscal 2026 — supports medium‑term revenue drivers. Seeking Alpha outlook
• Positive Sentiment: Major brokerages trimmed price targets (e.g., to $62) but retained Buy/Overweight ratings, implying continued analyst conviction despite weaker near‑term guidance. TickerReport on PT changes
• Neutral Sentiment: Full earnings materials and transcript are available (slides and call transcript), allowing investors to dig into segment performance and guidance details before taking positions. Earnings call transcript
• Neutral Sentiment: Some research notes argue the company is fairly valued vs. peers (supporting a Hold stance), so upside may be limited absent clearer top‑line acceleration. Seeking Alpha valuation view
• Negative Sentiment: Revenue slightly missed expectations ($1.58B reported vs. ~$1.59B est.) and management issued a weaker full‑year revenue outlook, which triggered the initial share weakness. Yahoo Finance on weak guidance
• Negative Sentiment: Analysts cut forecasts following the Q4 print and guidance, increasing near‑term uncertainty around revenue growth and model assumptions. Benzinga on forecast cuts
• Negative Sentiment: Company highlighted a competitive/technology investment risk — pressure to invest in tech to stay competitive could compress margins or require higher capital spend. TipRanks on tech investment risk

Core & Main Company Profile

Core & Main, Inc (NYSE:CNM) is a leading distributor of water, sewer, storm drainage and fire protection products across North America. The company’s product portfolio includes valves, hydrants, pipe and fittings, meters, couplings and other essential components that support municipal, industrial and environmental infrastructure projects. By combining a comprehensive inventory with logistics and technical support, Core & Main helps customers address complex water system and distribution challenges.

With more than 300 branch locations and over 3,500 employees, Core & Main serves a diverse customer base that includes municipalities, contractors, engineers and utility providers.