Core & Main (NYSE:CNM) Given New $62.00 Price Target at Barclays

Core & Main (NYSE:CNM) had its target price trimmed by Barclays from $63.00 to $62.00 in a research note released on Wednesday morning,Benzinga reports. The brokerage currently has an overweight rating on the stock.

A number of other research analysts have also recently commented on CNM. Wells Fargo & Company increased their target price on Core & Main from $57.00 to $65.00 and gave the company an “overweight” rating in a research note on Wednesday, January 14th. Robert W. Baird lifted their price target on Core & Main from $62.00 to $64.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 10th. JPMorgan Chase & Co. upped their price objective on Core & Main from $58.00 to $59.00 and gave the stock an “overweight” rating in a report on Wednesday, December 10th. Deutsche Bank Aktiengesellschaft increased their price objective on Core & Main from $63.00 to $65.00 and gave the company a “buy” rating in a research report on Thursday, December 11th. Finally, Zacks Research downgraded Core & Main from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 9th. Seven analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $61.64.

Core & Main Price Performance

NYSE:CNM opened at $50.55 on Wednesday. Core & Main has a 52-week low of $43.17 and a 52-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. The firm has a market capitalization of $9.88 billion, a price-to-earnings ratio of 21.88, a P/E/G ratio of 1.99 and a beta of 0.98. The stock has a fifty day moving average of $54.14 and a 200 day moving average of $52.57.

Core & Main announced that its board has authorized a share repurchase plan on Tuesday, December 9th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the company to buy up to 5% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s management believes its stock is undervalued.

Hedge Funds Weigh In On Core & Main

Several institutional investors and hedge funds have recently bought and sold shares of CNM. TD Waterhouse Canada Inc. bought a new stake in Core & Main in the fourth quarter valued at approximately $26,000. EverSource Wealth Advisors LLC boosted its stake in shares of Core & Main by 145.4% during the second quarter. EverSource Wealth Advisors LLC now owns 454 shares of the company’s stock valued at $27,000 after purchasing an additional 269 shares during the period. Whittier Trust Co. bought a new position in shares of Core & Main in the fourth quarter worth approximately $28,000. Cubist Systematic Strategies LLC grew its holdings in shares of Core & Main by 262.0% in the first quarter. Cubist Systematic Strategies LLC now owns 724 shares of the company’s stock worth $35,000 after purchasing an additional 524 shares during the last quarter. Finally, Quarry LP purchased a new position in shares of Core & Main in the fourth quarter worth $38,000. 94.19% of the stock is currently owned by institutional investors.

More Core & Main News

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.